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Bangladesh Update

Escalating Unrest in Bangladesh Disrupts Communication and Trade The death toll from the recent violence in Bangladesh has risen to 39 as of today. The majority of these fatalities occurred in Dhaka, while additional deaths were reported in Narayanganj and Chittagong. The situation remains critical, with...

Global Flight Disruptions Easing Following Crowdstrike Microsoft Outage

Updates on Outage Most airlines affected by the recent Crowdstrike-Microsoft outage have resumed operations. However, delays persist due to the backlog caused by the global outage. According to the BBC, approximately 3,300 flights were canceled worldwide. This total encompasses not only cancellations directly attributable to the outage...

Record High Demand for Ocean Freight Container Shipping in May

Global demand for ocean freight container shipping reached an unprecedented peak in May, as indicated by data from Xeneta and Container Trades Statistics. The month saw the transport of 15.94 million TEUs, surpassing the previous record of 15.72 million TEUs set in May 2021. Year-to-date...

Local 514 Bargaining Update and CIRB Decision

Background On July 8, 2024, the ILWU Local 514 union announced a strike action against DP World (Canada) Inc., scheduled to commence at 4:30 PM. This announcement prompted the British Columbia Maritime Employers Association (BCMEA) to seek urgent intervention from the Canada Industrial Relations Board (CIRB)....

Congestion in Asian ports is now as bad as during Covid

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...

Singapore Port Logjam Lingers as Container Ships Keep Piling In

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...

Shipping Industry Calls for Action After Tutor Sinking in Red Sea

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...

Shipping Companies Brace for a Potential US Strike Impacting Supply Chains

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...