News

After two years of absolutely limited capacity, the scenario is changing abruptly The shipping industry on the verge of a turnaround with freight rates falling and container movement to the US down nearly 20% last month. Ryan Petersen, founder and CEO of Flexport, a...

Shanghai Port remained the world’s busiest container port for the 13th straight year in 2022, despite the COVID-19 epidemic, port data showed Monday. The port’s container throughput exceeded 47.3 million 20-foot equivalent units (TEUs) in 2022, according to the...

Capacity exceeds cargo volume Meanwhile, a more optimistic outlook was put forward by Hapag-Lloyd, anticipating a short-term recovery in demand towards the end of the year and through Chinese New Year. Further into the future, the German shipping line predicted a 1%...

After signing a collaboration contract with the Spanish Government, the Danish marine transport giant Maersk will invest over 10,000 million euros to start a green hydrogen “megaproject.” The goal is to stimulate the production of green hydrogen and biofuels in the...

With a capacity of 15,536 TEU, the Osiris is a Neo-Panamax vessel currently on the Manhattan Bridge shipping route connecting China to US East Coast Ports. “I am so proud of PortMiami, and what it has accomplished following years of infrastructure investments made by...

The prioritization assigned to sustainability by businesses is becoming emphatically more focused and strategic. With the shift in preference for environment-friendly products, green-aware customers are demanding more information to gauge the sustainability of the...

Shipping group Maersk (MAERSKb.CO) warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut its forecast for container demand this year, even as it beat third-quarter earnings expectations. "It is clear that freight rates...

A scientific publication led by the academic from the University of Valparaíso and researcher from the ANID CIGIDEN Center, Patricio Winckler, addressed the impact of climate on the operating conditions of seven large state ports in Chile, a system that plays a...

The Panama Canal reported a surprising drop in container cargo transiting its Neopanamax locks during fiscal year 2022 (which runs from October to September), falling from 51.2 million to 50.2 million. By contrast, the amount of containerized cargo transported through...