The terms "port" and "seaport" are used for different types of port facilities that handle ocean-going vessels. Global trade is largely dependent on maritime transportation into these destinations. There are major ports in six of the seven continents, from Port Said in Egypt to Australia’s Port of Melbourne, to the Port of Santos in Brazil. Asia is home to many of the world’s busiest seaports; the Port of Shanghai is the largest in the world in both cargo tonnage and activity, followed by the Ports of Singapore and Hong Kong.
Climate Change: Challenges and Opportunities for Global Shipping
The global shipping industry, responsible for transporting approximately 80-90% of goods worldwide, faces a complex landscape of risks intensified by… Read More
Baltimore Port Progress: Clearing Path for Vessel Traffic After Bridge Collapse
Significant strides have been made in clearing a major obstruction in the Port of Baltimore, as announced by the U.S…. Read More
Baltimore Takes Legal Action Against Ship Owner and Operator Following Bridge Collision
Baltimore has initiated legal proceedings against the owner and operator of the cargo ship responsible for colliding with the Francis… Read More
Geopolitical Volatility Keeps Year to Date (YTD) Container Leasing Rates Elevated
A YTD analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the… Read More
Impact of Canceled Sailings on Major East-West Trades
A recent report by Drewry sheds light on the impact of canceled sailings across the major East-West head haul trades…. Read More
Russian Cargo Ship Detained in Germany Cleared to Depart Rostock Port
After being detained in Germany over suspected sanctions violations, a Russian cargo ship, the Atlantic Navigator II, has been granted… Read More
Red Sea Diversions Drive Surge in EU Maritime Carbon Emissions
Recent data indicates a significant uptick in carbon emissions from the European Union’s (EU) marine shipping sector, posing challenges to… Read More
Iran Tensions’ Global Trade Impact Revealed by Seized Ship Cargo
The ship MSC Aries recently made headlines after being seized by Iran’s Islamic Revolutionary Guard Corps near the Strait of… Read More
Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked… Read More
Stable Shipping Rates Amid Baltimore Bridge Collapse, but Challenges Loom Ahead
Despite the collapse of the Francis Scott Key Bridge in Baltimore, ocean freight container shipping rates have remained stable, according… Read More
Strengthening and Streamlining Terminal Operations: A Smarter Path with Tideworks Technology and Advent eModal
For most people, the shipping industry only pops on their radar after disaster hits. In 2020, the COVID-19 pandemic snarled… Read More
Descartes Releases April Global Shipping Report: March U.S. Import Container Volume Continues Strong Trajectory
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its April Global Shipping Report for logistics and… Read More
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