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.
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
“Maryland Governor: Baltimore Port to Resume Full Function by May’s End”
Maryland Governor Wes Moore has announced an ambitious plan to restore full functionality to Baltimore’s key shipping lane by the… Read More
Beware of Overhyping the Impact of Baltimore’s Bridge Collapse on Supply Chains
The collapse of the Baltimore bridge is a tragedy. But the impact on supply chains at a global or even… Read More
Regulatory Confusion Surrounding Tugboats and the Francis Scott Key Bridge Collapse
It has been just over one week since the disastrous Francis Scott Key Bridge collapse. Investigators are making progress along… Read More
Emergency Shipping Route Opens Following Baltimore Bridge Collapse
In the aftermath of the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, authorities have swiftly established a… Read More
Impact of Red Sea Attacks: African Nations Brace for Inflation Surge
African countries are poised to experience heightened inflation levels and sustained interest rate tightening throughout 2024 due to disruptions in… Read More
Contaminated Fuel Speculation and the Insurance Fall-Out from the Baltimore Bridge Crash
One of the factors investigators are looking into surrounding the Dali cargo ship crash into the Francis Scott Key Bridge… Read More
Baltimore Bridge Collapse: Significant Impact on Local Port and Economy, Limited Effect on US Economy Overall
The recent incident involving the Francis Scott Key Bridge in Baltimore, Maryland, which was struck by a container ship, is… Read More
Baltimore Bridge Collapse: Impact on Local Economy and Global Trade
Following a cargo ship collision with a motorway bridge in Baltimore, concerns have arisen regarding potential disruptions to both local… Read More
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