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Containers at port_RTW

WEEK 27 MARKET UPDATE

NIGERIA STARTS FIRST DOMESTIC CONTAINER SHIPPING LINE  Clarion Shipping West Africa is starting what it calls “Nigeria’s first fully indigenous container liner,” as it looks to build  regional trade and improve service versus the transshipment options of the major carriers. The company celebrated the  launch of the service at Tin Can Island Port in Lagos …

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Ocean,Ship container_RTW

Week 26 Market Update

MAERSK UNVEILS NEW AI PLATFORM TO SIMPLIFY CUSTOMS TASKS Shipping giant Maersk has rolled out Maersk Trade & Tariff Studio, a digital solution designed to empower global cargo owners and bring clarity to complex customs processes. The platform, backed by artificial intelligence, arrives as businesses grapple with rising tariffs, heightened regulatory scrutiny, and frequent disruptions …

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WEEK 25 MARKET UPDATE

AFTER U.S. ATTACK ON IRAN, SHIPPING CONTINUES TO USE STRAIT OF HORMUZ  While shipping watches closely for Iran to make a decision on a full-scale closure of the Strait of Hormuz, shipping  associations and government advisory agencies are urging caution for ships passing through areas within reach of Iran’s  military capabilities – including the Red …

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WEEK 22 MARKET UPDATE

MSC DEPLOYS FIRST 24,000 TEU BOXSHIPS TO WEST AFRICA  MSC Mediterranean Shipping Company has become the first shipping company to deploy its mega ships to the African  continent. The company made history in late April and early May when the service was inaugurated with two of the  recently built 24,000 TEU class containerships arriving in …

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Shipping Port Ocean

WEEK 21 MARKET UPDATE

US MOVES TO STOP CHINA PARCEL SHIPMENTS BEARING COUNTERFEIT POSTAL LABELS  U.S. law enforcement authorities have obtained a temporary restraining order barring two logistics companies, one in  New York City and the other in Los Angeles, and their owner from using the U.S. Postal Service to ship packages  containing counterfeit postage. Federal prosecutors last week …

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PORT Week 21

WEEK 20 MARKET UPDATE

STATE OF FREIGHT TAKEAWAYS: FREIGHT CRASH MAY TURN INTO SUDDEN REVIVAL  Four weeks after the April State of Freight webinar, when a raging trade war looked to wreak havoc on freight markets,  the May edition of the monthly series confronted conditions that were getting at least a temporary reprieve because of the 90-day truce agreed …

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