Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious circle of disruption in ocean freight container shipping. The International Longshoremen’s Association (ILA) announced on Monday that it has suspended negotiations with United States Maritime Alliance (USMX) over a new labor […]

The Russian government, via state-owned transport company Rosatom, has entered into an agreement with China’s Hainan Yangpu Newnew Shipping to form a new joint venture that will operate container vessels year-round on the Northern Sea Route (NSR). The agreement also calls for the construction of five ice-capable containerships capable of operations in the Arctic, particularly […]

India has permitted an additional export of 10,000 tons of onions to the UAE, aiming to stabilize prices ahead of Eid al-Fitr, a period marked by heightened demand for consumables, including vegetables and spices. The decision is expected to impact onion prices in the UAE, which have recently surged to over Dh7 per kilogram, contrasting […]

In a significant development for trade and logistics in Eastern India, the Syama Prasad Mookerjee Port, Kolkata (SMPK), has initiated a direct container vessel service from Shanghai, China. This move is set to streamline operations and reduce logistics costs substantially. The announcement made on June 10 also includes the introduction of a weekly express service […]