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Shipping Jan, 06, 2023 0

CMA CGM completes Russia exit with terminal stakes sale

French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said. “With this finalized transaction and…
Shipping Jan, 05, 2023 0

Slowing US growth expected to increase trans-Atlantic blanks

The trans-Atlantic headhaul trade from Europe to North America lived up to its “stable” moniker last year, with demand and rate levels continuing to grow and ongoing congestion keeping rates…
Maersk container
Shipping Jan, 05, 2023 0

Maersk to build first green and smart flagship logistics centre in Shanghai

Maersk signed the Land Grant Contract with the administrative committee of Lin-gang new area of the Shanghai Free Trade Zone in late December 2022. This marks the official landing of…
Paraguay River
Shipping Jan, 04, 2023 0

Paraguay River downspout nearing record lows

Paraguayan shipping companies and authorities expressed their concern on Jan 03 after the downspout at the Paraguay River nears its third consecutive all-time low. With current levels matching those of…
Shipping Jan, 02, 2023 0

What to expect in 2023 – 4 key trends in freight forwarding

After almost three years of unprecedented supply chain disruptions, 2023 will bring its own unique set of challenges and opportunities. The effects of the COVID-19 pandemic, the rising cost of…
Shipping Dec, 30, 2022 0

Ocean freight goes from peak to trough in 2022

If ocean freight rates have been falling week after week in recent months, with the PCR31 rates, which follow the lane from North Asia to the East Coast of South…
Shipping Dec, 30, 2022 0

Euroseas joins boxship scrapping trend

Greek tonnage provider Euroseas has sold a 2001-built Panamax boxship for scrapping, joining Evergreen Marine Corporation and Shreyas Shipping & Logistics, which offloaded ships for demolition earlier this month. Singapore-based Star…
Shipping Dec, 30, 2022 0

Ukraine says Russia delaying inspections of ships

According to Ukraine’s Infrastructure Ministry, a total of 99 vessels have been waiting for inspection in the Bosphorus Strait for over a month. Seventy-two were headed west to be loaded…
Shipping Dec, 29, 2022 0

Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1

Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. P&I (protection…
cargo freight in China
Shipping Dec, 26, 2022 0

Shipping hit by soaring cases of covid in China

Ships are backing up along the coastline of China as soaring cases of covid take out port staff. With the country easing its strict zero-covid policies this month, hundreds of…