Valued at between $2.6 and $5.1 trillion, the ocean economy supports billions of livelihoods and carries more than 80% of global trade by volume. However, its continued expansion will increasingly intersect with natural ecosystems and local communities…
How Ports Can Become Catalysts For The Blue Economy Read More »
Asia-Europe container freight rates are falling as port congestion in Asia pushes carriers back toward the Suez Canal, according to Sogese’s September Europe Container Market Update. Drewry’s 3 September World Container Index (WCI) put the …
The Panama Canal marked 112 years of operations this past weekend while maintaining a forward-looking vision aimed at strengthening its strategic role in global trade, ensuring sustainability, and generating benefits for the people of Panama. As a key …
Panama Canal Marks 112 Years of Operations with a Forward-Looking Vision Read More »
The UK’s sanctions on Russian ‘shadow’ tankers have generally been effective at reducing the overall volume of Russian crude that they have transported. However, many of these sanctioned vessels continue to operate and circumvent restrictions by delive…
Five ports received 57% of Russian crude transported by UK-sanctioned vessels Read More »
Key transhipment ports, such as Singapore, have witnessed a sharp rise in congestion due to the impact of Red Sea carrier service diversions, which have led to fewer vessel calls but larger average exchanges. This has added to yard congestion. Port pro…
Transhipment ports challenged by changes in call patterns amid the Red Sea crisis Read More »