Recently, West Coast terminals have experienced a notable increase in dwell time, affecting the efficient flow of goods. The surge is linked to various factors, with Suez Canal re-routings being a major contributor. Dwell time, the duration cargo containers spend at terminals, has risen across...
The Panama Canal, handling $270 billion in global trade annually, is in crisis. Visible signs of a drought include gaunt tree stumps, remnants of a submerged forest, now exposed above the waterline. This critical artery for global commerce, faces unprecedented challenges. The withered tree stumps,...
In recent weeks, the Red Sea has proven to be a challenging environment for Western shipping interests, and the Maersk Hangzhou found itself in the midst of a perilous situation this weekend. Facing multiple threats, the container ship experienced an attack by Houthi-controlled forces, leading...
Yemeni rebels have recently targeted a cargo ship in the Red Sea, marking the latest in a series of attacks in the region. The incident raises concerns about the safety of maritime transportation in the area. To ensure the security of freight shipping customers, it...
As 2024 unfolds, American importers face persistent challenges in the container shipping sector. Key concerns include disruptions at critical chokepoints, financial pressures on container lines, and potential union strikes, all of which may lead to shipment delays. The Panama Canal and the Bab-el-Mandeb Strait are currently...
French will follow. Dear Clients and Partners, In recent weeks, many of you have been in touch with our teams to inquire on the progress with the collective agreement renewal between the Port of Montreal Longshore Workers' Union (CUPE Local 375) and the Maritime Employers Association (MEA)....
Starting in 2024, the EU will include the shipping industry in its emissions trading scheme (ETS), significantly raising costs for carriers. Ships traveling between EU ports must cover 100% of their emissions, while those arriving from outside pay for 50%. This extends EU law to...
Market Rate Level Update – GRI for November 1st, 2023 In light of the current market trends, we want to bring your attention to some recent developments in the shipping industry. Carriers have initiated a General Rate Increase (GRI) effective November 1st, with fluctuations observed in...
The Panama Canal faces a severe crisis due to a prolonged drought, resulting in critically low water levels. Reduced water availability has compelled restrictions on ship passages, affecting global trade and raising concerns about water management in Panama. Shrinking water reserves have forced a significant cut...
Thousands of garment factory workers took to the streets of Bangladesh’s capital, Dhaka, and the industrial district of Gazipur on Tuesday to demand better wages. Bangladesh, the world's second-largest garment-producing country, boasts nearly 3,500 factories employing approximately 4 million workers, the majority of whom are...
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