Reported in the Wall Street Journal: The opening up of the Arctic for commercial cargo offers a faster route for some shipments between Europe and Asia, and holds the promise of increased trade for once icebound ports in the...
Read MoreExcerpts from a Journal of Commerce article called ”Hapag says 16 services affected by LA-LB congestion”: Adding to other recent evidence that congestion at the Los Angeles-Long Beach ports is worsening, Hapag-Lloyd...
Read MoreA canola-crushing plant owned by the Canadian unit of global grain trader Louis Dreyfus Corp will be offline indefinitely after an explosion and fire on Friday, the company said. Firefighters are investigating the cause of the...
Read MoreFrom SeaTrade Global: South Korea’s Hanjin Shipping has generated a profit in the third quarter of 2014, reversing from a loss-making position a year ago, due mainly to a one-time gain on foreign currency translation. Net profit...
Read MoreMaersk line on Friday doubled its congestion surcharge for shipments from the U.S. and Canada to Manila, citing a slowdown in port operations, increasing vessel turn times and higher operating costs. The congestion seen at...
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