Demand, capacity “don’t stack up” on U.S. container trades
The ongoing supply and demand imbalance is driving down container prices on U.S. trade routes, as ocean carriers deploy more ships in a soft market.Spot rates a...
Latest Shipping & Logistics News
10,619 articlesHapag-Lloyd orders eight new dual-fuel methanol container ships
Hapag-Lloyd has signed a contract with Chinese shipyard CIMC Raffles to build eight new container ships. Each vessel will carry 4,500 TEU. Deliveries are schedu...
House approval of digital financial disclosures would impact USPS mail
A capital markets reform bill passed by the House on Thursday includes a provision that would allow electronic delivery to become the default mechanism for prov...
Maersk tabs new CFO, North American chief in global leadership shakeup
Maersk today announced a raft of changes across senior leadership as rival carriers challenge its dominance in global logistics. Maersk parent A.P. Moller-Maers...
COSCO launches Manaus-Asia Service
COSCO Specialised Carriers (South America) Co., Ltd. is now officially operating in Manaus, Brazil, connecting the region to the Asian market with containers an...
CMA CGM unveils methanol-fuelled ANTIGONE
CMA CGM has taken another significant step in its energy transition with the naming of the CMA CGM ANTIGONE.The vessel joins the Group’s growing fleet of dual...
Mexico’s heavy-truck exports plunges 22% as light-vehicle demand also dips
Mexico’s automotive industry posted sharp declines across cars, light trucks and heavy-duty commercial vehicles in November, as road blockades, labor stoppage...
AD Ports Group signs 440,000 sqm land lease with Azizi Developments
AD Ports Group, through its subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group, has signed a second 50-year land lease agreement with Azizi Develop...
Three Teamsters locals come together to set new deal with Sysco
Three separate West Coast Teamsters locals have teamed up to secure a new contract with food distributor Sysco in an unusual arrangement.The union announced thi...
Why behind DP World’s rebranding lies an operations expansion strategy?
DP World consolidates marine services under unified banner as it deploys record capital across 15+ high-growth corridors, signaling strategic pivot from tariff-...
Belgium, LR and EXMAR advance ammonia fuel rules
Lloyd’s Register (LR), EXMAR, and the Belgian Federal Public Service (FPS) for Mobility and Transport have jointly developed interim guidelines that support t...
Drewry’s World Container Index rises 2%
Drewry’s World Container Index (WCI) increased 2% this week to $1,957 per 40ft container. This marks the second straight weekly gain. Rising spot rates on Asi...