As a record-setting drought throttles transits through the Panama Canal, most of the focus has been on higher-capacity ships: the container vessels, liquefied natural gas carriers and liquefied petroleum gas carriers that use the larger Neopanamax locks. But there’s another shipping…
READ MORE >The Suez Canal Authority has said it will raise the toll for oil tankers and other large vessels passing through the waterway by 15% effective Jan. 15 (source: Reuters/NASDAQ).
READ MORE >The US Department of Transportation’s Maritime Administration (MARAD) has announced over $653m to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (source: Splash 247).
READ MORE >Canada's federal government has instructed workers and management in the St. Lawrence Seaway strike to sit down with a mediator this Friday and hash out their differences, as groups ranging from grain farmers to steelmakers feel the squeeze. The job…
READ MORE >Newfound optimism in the airfreight market is tempered by the fact that growth has more to do with normal seasonal patterns than a fundamental shift in demand. The market is essentially flat versus an anemic final stretch in 2022, according…
READ MORE >The conflict in Israel is expected to spark changes in the airfreight market – the breadth of which will likely depend on how wide the conflict spreads. Charter brokers have already reported a series of requests, which are becoming increasingly…
READ MORE >International airlines have suspended hundreds of flights to and from Tel Aviv following the attack by Hamas militants on Israel over the weekend (source: Reuters).
READ MORE >The Panama Canal has been facing a severe drought for the past few months, which has significantly impacted its operation and, as a result, global shipping (source: Safety4Sea).
READ MORE >In a rare confluence of celebrations, the National Day holiday, marking the 74th anniversary of the founding of New China, and the Mid-Autumn Festival coincided this year, offering the country an extended eight-day holiday (source: Sixth Tone).
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