Industry News

03 06 , 2024

Singapore Reopens Dormant Container Terminals to Ease Port Congestion

On 30 May, the Maritime and Port Authority of Singapore (MPA) announced the temporary resumption of operations at shuttered container terminals in the city-state’s downtown to alleviate the backlog o...

29 05 , 2024

Freight Rates Surge Again! U.S. East and West Coasts Up 10%; China’s Ports Face Renewed “Container Shortage”

Global shipping rates continue to surge The global maritime sector maintains its robust performance, with freight rates across all routes on the rise, propelling the latest Shanghai Containerized Frei...

20 05 , 2024

Long Beach Surpasses 2 Million TEUs Milestone in First Quarter

In March, the Port of Long Beach witnessed an upsurge in trade, fueled by a resurgence in consumer confidence, heralding the seventh consecutive month of year-over-year cargo expansion.Throughout the ...

19 05 , 2024

European and US Ports Grapple with Turbulence in Volatile Markets

The dynamic currents of economic activity are mirrored in the evolution of the ports industry, where terminals in burgeoning economies are ascending the ranks as regional ports assume greater signific...

11 05 , 2024

Resolution of Red Sea Crisis Set to Rekindle Container Shipping Challenges

Photo: Adobe Stock Clarksons’ recent analysis on container shipping indicates that the current weak supply-demand dynamics are poised to become more pronounced once the disruptions in the Red Sea sub...

07 05 , 2024

Port Houston Sets New Record for Container Exports

The terminals at Port Houston witnessed a remarkable surge in container volume, boasting a 20% increase compared to the corresponding month in the preceding year, culminating in a total of 375,965 TE...

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