Carriers have told shippers and forwarders that rates will rise substantially as shipping heads around the Cape of Good Hope, soaking up excess capacity, and redressing the supply and demand imbalance. One forwarder has been told to expect European rates out of Asia...
The logistics sector in Panama, the mainstay of the maritime industry, is finally taking off and increasingly using Panama as a dispatch centre for global or Latin American markets. Panama provides logistics services such as warehousing, distribution,...
The 203 million tonnes moved through the port last year represented an 8.1% increase over 2022. The new record primarily can be attributed to a jump in crude oil exports to 126.1 million tonnes in 2023, a 12.5% increase compared to 2022. Related: New leadership...
The Horn of Africa ushered in the new year with news of a deal that would ensure that diplomatic relations in the region got off to a bumpy start in 2024. Ethiopia, it was announced on Jan. 1, had signed a memorandum of understanding with the breakaway...
Work at the terminals operated by DP World in Australia’s four largest ports ground to a halt on Friday, January 12, with the expectation that the dispute is likely to further escalate in the coming weeks. The Maritime Union of Australia, which has been without a...
The luxury cruise ship Silver Moon (40,700 gross tons) has become the latest ship to divert away from the southern Red Sea, altering the itinerary for its current cruise and canceling at least one upcoming cruise. The cruise ship operated by Silversea...
