Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global supply chains. Global shipping congestion in 2021 has been profound in many ways. From Covid-19 related port disruptions, the continuation of the China/Australia Trade war
Suez Canal Authority (SCA) has published new resolutions concerning the fees of the transiting ships through the canal and new marketing strategies that will be applied during the next year. In particular, Admiral Osama Rabea, Chairman of the SCA announced on 4th of November that the authority will increase
The export container volume dropped 3.3% while the domestic volume declined 14.2% in mid-October. Some of the ports shut operation temporarily due to bad weather, while cargo throughput at major coastal hub ports dropped 4.9% year on year & international trade cargo throughput also declined 3.1%.
Congestion, Delays and Supply Chain Challenges Will Continue into 2022 Across all segments of the shipping industry, one thing that everyone agrees on is that there is no quick solution to the supply chain disruptions and challenges that have been experienced in 2021. The major carriers, as well as
LCL market efficiency boosted by stratospheric rate costs, say forwarders As freight forwarders gathered in a plush London hotel yesterday, the talk at the London Freight Club annual bash was that soaring rates had pushed NVOCCs to make certain that containers were full. In the past NVOCCs and freight
ast year’s devastating explosion at the port of Beirut in Lebanon on August 4, 2020 has added to industry concerns over the storage of hazardous goods and concentrations of risk at ports. The explosion caused wide-scale damage to the docks and surrounding city, killing around 200 people and was
The blocking of the Suez Canal by the container ship Ever Given in March 2021 sent shockwaves through global supply chains that are critically dependent on seaborne transport. The six-day closure of one of the world’s busiest shipping routes saw hundreds of vessels backed up, while many more were
Expo 2020 Dubai will be a celebration of human brilliance and achievement. It will be an opportunity for people to connect from different corners of the world, to experience the best of art, culture, geography, science, technology, innovation and invention and to set into motion millions of new thoughts
