BALTIMORE : The Baltimore bridge collapse could cost up to $4 billion in insured losses, which would make it the most expensive incident involving a ship collision for insurers in modern history. The crash
DUBAI : Alphaliner’s report said the Middle East’s largest container port, Dubai/Jebel Ali, has re-entered the top 10 ranking of global container ports, overtaking Europe’s biggest port and demonstrating the scale of the economic
PORTLAND : Nearly three months after requesting additional funding from the state, the Port of Portland has announced that container terminal services will end in the fall. As the only international container terminal in
NEW DELHI : India, caught in a tight spot over the Iran-Israel escalation, has advised both nations to exercise restraint. The tension must be resolved through “dialogue & diplomacy”, the foreign ministry said on
NEW YORK : In March, US container import volumes saw marginal growth compared to February, edging up by only 0.4% to reach 2,145,341 TEUs. However, TEU volumes experienced a significant increase of 15.7%, compared
LITHUANIA : The Port of Klaipeda achieved a historic milestone with the successful completion of its first ship-to-ship LNG bunkering operation. On 9 April, the LNG tanker “Avenir Aspiration” transferred 326 m³ of liquefied
SHANGHAI : Maersk, a global leader in integrated container logistics, achieved a milestone as the large methanol-enabled vessel “Astrid Mærsk” berths at Yangshan port in Shanghai, for the first green methanol bunkering with simultaneous
SANAA : Israel for the first time used a seaborne missile defence system to shoot down a drone approaching from the Red Sea that had set off sirens in the port city of Eilat,
OSLO : The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight
SINGAPORE : PSA Singapore has been honoured with the Well being Innovation award at the 2024 WorkWell Leaders Awards – an annual event organised by Singapore-based charity WorkWell Leaders – which aims to recognise