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Ship losses hit a 12-year low last year + The UN will salvage deserted oil tanker in Yemen in 10 days
The UN is stepping in to salvage deserted oil tanker in 10 days: The United Nations is stepping in to…
Container ships are moving at all time slow speeds
Container ships have been moving at all-time low speeds in 1Q 2023 to face “structural overcapacity” and high fuel prices,…
China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub
Companies continue to rely on China despite its strained ties with the US: Companies like Chicago-based first aid kit producer…
Fighting in Sudan stalls exports of gum arabic + ship financing remains competitive
Sudan’s exports of gum arabic have come to a standstill since fighting between rival military factions began there last month,Bloomberg…
Only one thousandth of 1% of containers were lost at sea in 2022
A record low number of containers were lost at sea last year: Only661 shipping containers were lost at sea in…
US ports are suffering from an import “hangover” + Alibaba spins off cloud division
US ports are experiencing a “hangover” from the shipping surge in 2021 + 2022: Seaports in the US are facing…
Ship recycling could increase by double over the next decade
Ship recycling industry expected to surge: Some 15k ships with a deadweight capacity of over 600 mn tons could be…
Countries are looking towards reshoring, nearshoring amid global supply chain reconfiguration, DP World CEO says
The reconfiguration of supply chains is prompting countries to resort to reshoring and nearshoring to preempt supply chain disruptions and…
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