U.K. trade and travel face more disruption at key channel port
Adverse weather, increased traffic because of spring holiday season and the fallout from a labor dispute at one of Britain’s biggest ferry operators are combining…
India merchandise exports at record high of $418 billion in FY22
(Bloomberg) -- India’s goods exports touched a record high of $418 billion in the financial year that ended on March 31, boosting the country’s aim…
Oil prices don’t fully reflect Russian supply risks, Vitol says
Oil prices have fallen to levels that don’t fully reflect the risk of disruptions to Russian exports or the ability of China to keep the…
US transportation sector unemployment rate decreases to 5.1% in March 2022; remains higher than overall US unemployment
The unemployment rate in the U.S. transportation sector was 5.1% (not seasonally adjusted) in March 2022 according to Bureau of Labor Statistics (BLS) data recently…
Evergreen to try a third time to free stuck ship
Evergreen Marine Corp. plans another effort to free its stuck container ship near Baltimore as early as Sunday, a cargo claims agency said, after two…
PSA expands its presence in the Port of Halifax
PSA International Pte Ltd (“PSA”) and Halifax Port Authority have announced PSA’s acquisition of Ceres Halifax Inc. from Nippon Yusen Kabushiki Kaisha. PSA Halifax will…
Thousands of Russia-linked ship containers pile up in Rotterdam
In normal times, the Dutch port of Rotterdam is like a machine: hundreds of ships come and go each day, and tens of thousands of…
Ships face power blackouts from contaminated fuel in Singapore
A growing number of ships that received contaminated marine fuel at the major hub of Singapore have suffered power blackouts, according to fuel testing firm…
MSC buys Bollore’s African logistics unit for €5.7 billion
MSC Mediterranean Shipping Co. agreed to buy the African transport and logistics business of Bollore SA for 5.7 billion euros ($6.3 billion) including debt.
Biden trade agenda criticized by senators for lack of ambition
U.S. senators from both parties criticized President Joe Biden’s trade agenda on Thursday, faulting a shortage of ambition for negotiating new agreements and countering China…
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