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Port of Los Angeles posts busiest month since pandemic
The Port of Los Angeles posted its busiest month since the pandemic in August, with cargo volumes up 16% year-over-year, highlighting strong consumer demand in the U.S. market.
Shippers Look for Alternatives as East Coast Port Strike Looms
North American shippers are looking for alternatives as a strike at US East Coast ports looms, as carriers weigh strategic options to deal with the situation.
COSCO Invests in Building 42 New Bulk Carriers
COSCO SHIPPING Development has signed a major deal to invest in, build and lease 42 new bulk carriers, with a total order value exceeding US$2 billion.
Container Explodes on Yang Ming Ship in Ningbo Port
A container ship operated by Yang Ming has suffered an explosion at the port of Ningbo, China, initially determined to be caused by a container explosion carrying dangerous goods.
Many shipping lines increased freight rates due to tensions in the Red Sea
(ĐTTCO) - According to information from some businesses, since January, a series of shipping lines announced an increase in shipping rates to the US, EU, and other countries. The reason is due to tensions in the Red Sea affecting safety and shipping routes.
ASEAN member nations urged to prioritise intra-bloc rice exports
Malaysia has urged rice exporting countries in ASEAN to prioritise intra-bloc exports amid concerns over rising prices and supply shortages, local media has reported.
The Panama Canal may further cut the number of ships passing daily despite the prolonged drought
The Panama Canal Authority (ACP) said limits on the number of ships passing daily and water draft restrictions will remain in place until next year and warned that it may take further measures to reduce the number ships pass if the drought persists.
Maersk successfully deployed the first multimodal Sea-Air transport solution through Oman
Maersk successfully deployed a multimodal sea-air transport solution through Oman, helping to reduce shipping time by 20-40% compared to traditional sea routes and save costs by 10-20% compared to shipping. pure air cargo.
