Ocean freight rates climb as 6 of top 10 container lines now avoid Suez Canal Avoiding violent Red Sea route adds 7 to 14 days extra transit time, but RILA says holiday inventory is already on U.S. shelves December 20, 2023 Ben Ames No Comments Avoiding violent Red Sea route adds 7 to 14 days extra transit time, but RILA says holiday inventory is already on U.S. shelvesRead More
EU manufacturing sector could stumble as ships divert from violence at Suez Canal Red Sea trade route typically funnels over 50% of the weekly container shipping capacity on routes between the Far East and Europe December 18, 2023 Ben Ames No Comments Red Sea trade route typically funnels over 50% of the weekly container shipping capacity on routes between the Far East and EuropeRead More
Container traffic slows at Suez Canal after Red Sea missile attacks A.P. Moller-Maersk and Hapag-Lloyd divert vessels from increasingly dangerous waters December 15, 2023 Ben Ames No Comments A.P. Moller-Maersk and Hapag-Lloyd divert vessels from increasingly dangerous watersRead More
Maersk invests in fuel cell maker to decarbonize its ships Container giant has ordered one of Blue World’s methanol fuel cells in pilot program converting methanol to electricity on an ocean vessel December 11, 2023 DC Velocity Staff No Comments Container giant has ordered one of Blue World’s methanol fuel cells in pilot program converting methanol to electricity on an ocean vesselRead More
Logistics Plus arranges gas pipe delivery to war-torn Ukraine Operation marks the first non-grain, U.S.-managed ship to reach Port of Chornomorsk since Russia’s invasion December 8, 2023 DC Velocity Staff No Comments Operation marks the first non-grain, U.S.-managed ship to reach Port of Chornomorsk since Russia’s invasionRead More
Recession risk may be “behind us,” NRF and Hackett report says Retail group points to solid Black Friday weekend sales, strong corporate profits, and continued growth of GDP December 8, 2023 DC Velocity Staff No Comments Retail group points to solid Black Friday weekend sales, strong corporate profits, and continued growth of GDPRead More
Ports of LA and Long Beach partner with Singapore to create “green and digital shipping corridor” Plan launched at COP28 climate conference to decarbonize the shipping industry December 6, 2023 DC Velocity Staff No Comments Plan launched at COP28 climate conference to decarbonize the shipping industryRead More
Hapag-Lloyd is latest to add “war risk surcharge” on shipments to and from Israel Ongoing violence in region leads to climbing insurance rates for vessels calling Israeli ports December 1, 2023 Ben Ames No Comments Ongoing violence in region leads to climbing insurance rates for vessels calling Israeli portsRead More
Five container shipping giants call for tighter carbon regulation of their industry In statement at COP28 climate conference, maritime liners launch plan to end construction of fossil-only powered ocean vessels December 1, 2023 DC Velocity Staff No Comments In statement at COP28 climate conference, maritime liners launch plan to end construction of fossil-only powered ocean vesselsRead More
Panama Canal restrictions delay bulk goods vessels more than container ships However, freight vessels must carry fewer containers per trip due to draught limitations as drought persists, Container xChange says November 30, 2023 DC Velocity Staff No Comments However, freight vessels must carry fewer containers per trip due to draught limitations as drought persists, Container xChange saysRead More