Crew safe after abandoning fire hit Felicity Ace
The crew has abandoned car-carrier Felicity Ace, which was ablaze off the Azores. The fire is estimated to have damaged cargo worth $401 million.
Source: The Loadstar
A record 7.2m TEU was added to the global container equipment fleet last year, taking it to 50.5m TEU, driven by unprecedented demand from ocean carriers and logistics operators. Source: The Loadstar
The Panama Canal, a pivotal artery in the heart of global trade, is currently facing an unprecedented challenge. The severe drought of 2023 has not only impacted the canal’s operations but has also sent ripples across the global maritime industry. This article delves deeper into the current situation, its implications, and the broader concerns about…
The Port of New York and New Jersey has been hit with congestion due to a spike in the number of port workers in quarantine for Covid-19. Source: Seatrade Maritime
With the twin challenges of Brexit and the pandemic continuing to affect driver availability, UK road freight rates have hit their highest level in three years. Source: The Loadstar
The Port of Singapore maintained its position as the world’s busiest transhipment port in 2021, with record-high container traffic of 37.5 million TEU. Source: Container News
Foreign container lines claim there’s an increase in direct port loadings at Indian ports due to improved cargo aggregation opportunities, presented by the modified cabotage policy. Source: The Loadstar