Bangladesh remains without internet for a fifth consecutive day, and the government has declared a public holiday on Monday. Authorities are maintaining tight control despite the apparent calm following a court order that scaled back a controversial system for allocating government jobs, which had sparked...
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...
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...
Retail giants Walmart, Target, and Shein launched early back-to-school sales to counter Amazon.com’s Prime Day event, advancing the peak ocean shipping season by two months and driving up already-high freight rates. Retailers represent roughly half of U.S. container import volumes, while the ocean shipping industry handles...
Global News: Expansion of Global Container Fleet: The global container fleet has grown by 2.8 million teu in the past year, with most of the new capacity added to the Asia-Europe route. "While the fleet growth between Asia, the Indian Subcontinent, and Europe was expected due to the...
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...
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)....
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...
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