Container congestion continues to devastate global supply chain

Global container congestion persists to wreak havoc on supply chain operations all around the globe. Global shipping has been facing erratic consumer demand, factory shutdown, and pandemic restrictions that have hampered port operations for months. As an outcome, empty containers are scarce where they are needed. The Ever Given mishap has compounded the shortage as […]

Top 10: The busiest container ports in the United States

Some of the largest and most crucial container gateways of the world are in the United States. The following list of the busiest container ports in the US includes important box hubs, which contribute significantly to the country’s economy, while they also allow container movement across the oceans, supporting and facilitating global trade. Port of […]

COSCO invests US$1.5 billion in ten new vessels

COSCO Ship Holdings (CSH) has ordered ten ships, comprising six 14,092TEU vessels and four 16,180TEU ships from affiliate COSCO Shipping Heavy Industry (Yangzhou). The 14,092TEU ships cost US$146 million and are scheduled for delivery from December 2023 to September 2024. The 16,180TEU vessels are priced at US$155 million and are expected to be delivered within […]

Evergreen to buy 6,000 new reefers

Evergreen Marine Corporation is reported to have ordered 6,000 new reefer containers from the Chinese manufacturers, Guangdong Fuwa Equipment Manufacturing (Fuwa), according to the Taiwan Stock Exchange Inc. & Taipei Exchange. The cost of the supposed acquisition will be US$39.975 million. Fuwa which is said to be the builder of the new reefer units is […]

Bangladesh makes GPS tracker mandatory to stop cargo theft at highways

The Bangladesh government has made mandatory use of a global positioning system (GPS) tracker in covered vans aiming to prevent theft of cargos on roads. The decision was taken on 12 July after the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) alleged that export goods are theft from covered vans while they are on the […]