The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.According to research firm Linerlytica, congestion in several of the world’s major ports is the worst in 18 months, with 60% of...
The logjam that’s been plaguing Singapore’s container port is bringing forward this year’s peak season for the shipping sector, spelling trouble for businesses in the city-state. The bunching up of container vessels outside one of the world’s busiest maritime trade hubs means there’s more cargo trapped...
The international shipping industry has voiced its outrage and concern following the reported sinking of the M/V Tutor. One crew member is feared lost. This incident is the second sinking of a commercial vessel by the Houthis, an Iranian-backed terrorist group, since their attacks on merchant ships commenced...
A brewing conflict between dockworkers and their employers on the US East Coast threatens to be the next significant blow to already strained supply chains. Several major shipping companies are preparing for the worst-case scenario of a strike if dockworkers and major terminal companies fail...
Singapore’s port, already one of the busiest in the world, is facing a sustained period of congestion as vessel diversions to avoid the Red Sea push more container ships to the Asian maritime hub. Attacks by Yemen’s Houthi rebels in the Red Sea have resulted in...
As uncertainty hangs over Canada’s rail system being shut down by a strike, shipping lines on the transpacific trade have begun to cancel calls to the country’s main pacific gateways, Vancouver and Prince Rupert. “Anticipation of a strike keeps carriers on their toes, with some already...
ear customer, Members of the Public Service Alliance of Canada (PSAC) and the Customs and Immigration Union (CIU) announced that they have postponed a potential job action until Wednesday, June 12th as they continue to work towards an agreement with the Treasury Board.A job action would...
Members of the Public Service Alliance of Canada (PSAC) who work for Canada Border Services Agency (CBSA), have voted overwhelmingly to strike as early as June. Ninety-six per cent of members voted in favor of job action during votes held from April 10 to May 23,...
In the rapidly changing world of global trade, businesses importing goods from Asia are now facing shipping container costs that can reach as high as $10,000. This rate, necessary for urgent full-size shipping containers over the coming month, marks a significant increase—nearly double the current...
The complexity of the situation in Red Sea and the ripple effects on global supply chains have intensified in recent months. This has caused industry-wide disruptions. We now expect that these disruptions will continue into the third quarter of 2024. Despite hopes that the situation would...
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