Industry News

28 04 , 2024

Port of Oakland's Imports and Exports Grow

Port of Oakland's Container Volume Surges in February In February, container volume at the Port of Oakland surged, surpassing last year's recorded volume. Imports witnessed a substantial incre...

25 04 , 2024

South Carolina Ports: Handling Over 200,000 TEUs in February

In February, South Carolina Ports (SC Ports) handled 202,349 TEUs and 111,902 pier containers, showing a slight increase compared to the same month in 2023. Importantly, loaded import TEUs rose by ...

25 04 , 2024

Moderate Upward Trend Evident in Bunker Indices

During the fourteenth week of the year, a discernible ascent characterized the Marine Bunker Exchange (MABUX) global bunker indices. The 380 HSFO index witnessed an uptick of US$6.91, reaching US$553....

16 04 , 2024

Supply Chain Disruptions Force Vessels to Reroute to New York Port: Impact of Baltimore Bridge Collapse on Shipping Industry

In the early hours of March 26th, a cargo ship collided with the Francis Scott Key Bridge in Baltimore, Maryland, causing vehicles on the bridge to plunge into the river and leading to the suspension ...

15 04 , 2024

Cargo Throughput Plummets in the Red Sea Amidst Vessel Assaults

During the initial seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and the Red Sea witnessed a significant decline of 21% year-over-year. This downturn is attributed to a nota...

09 04 , 2024

Container Traders Foresee Escalating Disruptions and Soaring Prices Following Baltimore Bridge Catastrophe

In the wake of the Baltimore Bridge calamity, those entrenched in the intricacies of supply chain management foresee impending escalations in costs, as evidenced by a marked uptick in the anticipation...

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