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WEEK 28 MARKET UPDATE

THREAT OF PORT STRIKES ACROSS NORTH AMERICA HAS SHIPPERS ON EDGE   The threat of port strikes across North America continues to send jitters across already stressed supply chains.  Canada’s Industrial Relations Board (CIRB) over the weekend ruled that a planned 72-hour strike against DP World in Canada went against the country’s labour code, narrowly averting …

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Logistics port

Week 27 Market Update

THIS UP THEIR KAMIKAZE DRONE BOAT CAMPAIGN   The Houthis are preparing to deploy more drone boats packed with explosives in their ongoing campaign against merchant shipping in support of Hamas’s war with Israel. United Kingdom Maritime Trade Operations (UKMTO) reported an incident where the bulk carrier Summer Lady was approached yesterday morning by 12 small craft in the southern end of the Red …

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PORT PICTURE_RTW

WEEK 26 MARKET UPDATE

HOUTHIS ASSERT ATTACKS IN MED AND RED SEA INCLUDING FIVE MISSILES AT A SHIP  The Houthis are asserting a broad array of attacks conducted on a range of ships in both the Mediterranean and the Red Sea, including a barrage at one vessel and targeting a Maersk vessel. Spokesperson Yahya Saree asserted all the attacks …

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WEEK 25 MARKET UPDATE

CREWS EVACUATED FROM TWO SHIPS HIT BY THE HOUTHIS   The crews of two vessels struck by the Houthis in recent days were forced to evacuate ship over the weekend with the Yemeni militants showing no let-up in their attacks on merchant shipping. Both ships are reportedly at risk of sinking. The Houthis have displayed greater …

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Ocean freight services

WEEK 24 MARKET UPDATE

Baltimore shipping channel reopens 11 weeks after Key Bridge collapse   The main ship channel to the Port of Baltimore has been fully cleared of debris and was reopened Monday evening, 11 weeks after a cargo ship lost power and struck the Francis Scott Key Bridge. The Fort McHenry Channel had been blocked since March 26, …

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WEEK 23 MARKET UPDATE

AMERICAN PORTS SEEN LAGGING WHEN IT COMES TO PORT EFFICIENCY   The newest global Container Port Performance Index (CPPI) reveals that East and Southeast Asian ports excelled in 2023, accounting for 13 of the top 20 places. Key takeaways from the report include the fact that there are no American ports within the top 50 rankings, …

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