VIDEO: Efforts to fight Newark car carrier fire continue Two firefighters lost their lives last night battling a car carrier fire that broke out aboard the Grimaldi Deep Sea RO/RO vessel Grande Costa d'Avorio in Port Newark. As of midday today,
Thoma-Sea wins $624.6 million NOAA research vessel order NOAA (National Oceanographic and Atmospheric Administration) has awarded Houma, La., shipbuilder Thoma-Sea Marine Constructors LLC a $624.6 million contract to design and build two advanced research vessels. The contract includes an option
Damen books contract for advanced ASW frigate quartet The Dutch Ministry of Defense, Damen and Thales have signed acontract for the design, construction, and delivery of four Anti-Submarine Warfare (ASW) frigates; two for the Netherlands and two for Belgium. The
BOEM approves first N.J. offshore wind farm, Ocean Wind 1 The Bureau of Ocean Energy Management has issued its Record of Decision (ROD) approving the plan for construction and operations of Ørsted's Ocean Wind 1. To be located about 13 nautical miles
Seaspan and Hapag-Lloyd ink methanol retrofit agreement with MAN ES The move to methanol fueling continues to accelerate. The latest figures from DNV's Alternative Fuels Insight (AFI) platform, showed that the 55 vessels with alternative fuel propulsion ordered in June included 26
Container vessel sinks in Bangladesh waters A boxship carrying 96 TEUs of containers sank during an intra-Bangladesh route from the port of Chittagong to the Pangaon Inland Container Terminal in Dhaka. Officials said the 140 TEU capacity vessel namely Pangaon Express, bareboat chartered to Sea Glory Shipping, was imperilled at the Bhasan Char area. Captain Faridul Alam, deputy conservator of Chittagong Port Authority, said the vessel is pa
Transatlantic rates tumble even as transpacific rates rumble with WCI officially below all post-pandemic quotes A 25% tumble in the transatlantic rates, Rotterdam to Shanghai at US$2,003, awarded the Drewry World Container Index with its lowest ever level since 15 November 2019 and with that officially at its lowest quote in the post-pandemic era. The transatlantic rates which have shaved off nearly 39% in a mere fortnight, about US$1,223, have now eroded 73% since their peak in November 2022, and are curr
CMA CGM revises port congestion surcharges in Turkish port As operational challenges continue at the port of Mersin, CMA CGM has decided to revise port congestion surcharges (PCS) at the Turkish port. French ocean carrier will revise the port congestion surcharge from Mersin to South America East & West Coasts, Central America East Coast & Caribbean, Central America West Coast & Mexico West Coast, Windward, Guyanas North Brazil. The updated surcharge for
Collision in Ukraine between bulk carrier and general cargo ship Bulk carrier Klc Erciyes struck portside of berthed general cargo ship Jasmin Queen while maneuvering to berth at Izmail port in Ukraine on 1 July, according to Maritime Bulletin. Both ships seem to have suffered damage, but the extent of the damage remains unknown at the time of writing. Cameroon-flagged cargo vessel Jasmin Quenn departed the port of Izmail on 4 July, bound for Alexandria, Egypt
COSCO financial figures plunge in 2023 COSCO Shipping Holdings estimates that it suffered significant decreases in profit in the first half of 2023, compared with the same period last year. According to the Japan International Freight Forwarders Association (JIFFA), it is expected that the company's Earnings Before Interest and Taxes (EBIT) plunged 74.1% year-on-year to US$3.4 billion and net profit declined by 74.4% to US$2.7 billion
Maersk vessel omits Auckland due to weather conditions Maersk announced that due to adverse weather conditions which are expected to delay Polaris service vessel Nicolai Maersk en route to Melbourne, the vessel will omit the port of Auckland. The Danish carrier said it took this decision to minimise any further Polaris schedule disruption and to allow for schedule recovery. The contingency plan for affected cargo will be as follows: Exports currently
MPC Container Ships sells last two joint venture-owned ships Norwegian container tonnage provider MPC Container Ships ASA (MPCC) announced the sale of two joint venture-owned vessels, Cimbria and Cardonia, for US$42.5 million. The vessels, each with a capacity of 2,800 TEU, were built in 2002 and 2003. Both ships are now on time-charter contracts that will expire at the earliest in July 2025 (Cardonia) and October 2025 (Cimbria). This transaction reflects
HHLA TK Estonia and FERNRIDE proceed with autonomous driving project HHLA TK Estonia and FERNRIDE have successfully completed the first phase of their joint project at the Estonian terminal. Next, the two companies will continue the project to further develop and promote autonomous driving at the terminal. Also, the innovation unit HHLA Next invested again in FERNRIDE in June. The joint project at the HHLA TK Estonia terminal near Tallinn started in January. More
Xiamen follows Yangshan in feeder double-berthing China's Xiamen port has begun double-berthing feeder ships to speed up the movement of containers along inland waterways in Fujian province. Double-berthing involves parking one feeder vessel outside another feeder ship that is already berthed, and having the gantry cranes load containers on both ships concurrently. Early this week, the exercise saw the 210 TEU Haibangda 318 parked next to the 21
MPA Singapore and Lloyd's Register MDH sign decarbonisation agreement The Maritime and Port Authority of Singapore (MPA Singapore) and Lloyd's Register Maritime Decarbonisation Hub (LR MDH) have signed a Memorandum of Understanding (MoU) aiming to collaborate on a fleet-specific decarbonisation strategy. The agreement includes an implementation plan for 'The Silk Alliance' cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Ocea
THE Alliance changes Asia to Transpacific-West Coast network Container shipping alliance of Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, THE Alliance has announced changes to the Asia to Transpacific-West Coast network. THE Alliance will temporarily suspend the PS5 service and will update the existing PS3, PS6 and PS7 services, effective from August until further notice. The PS3 service will be enhanced with port of Tokyo call and the port
AD Ports Logistics and Acino sign freight forwarding deal AD Ports Logistics (ADPL), a subsidiary of AD Ports Group, and Acino, a Swiss pharmaceutical company that develops and manufactures medicines, have signed an agreement, according to which ADPL will provide Acino with global freight forwarding services. The services include sea and air transport in the Middle East and North Africa (MENA) region. Through this agreement, ADPL intends to leverage its
CMA CGM sets increased FAK rates from Asia to North Africa and Med CMA CGM has announced several rate increases from Asia to North Africa and the Mediterranean that will be effective from 1 August 2023. The French carrier's updated Freight All Kinds (FAK) rates will be applicable from all Asian main ports to all Mediterranean & North African base ports on dry, out of gauge (OOG), reefer & paying empties containers. FROM ASIA TO 20' 40' / 40'HC / 40'RF WEST MED U
Unleashing the Digital Revolution: Navigating the Future of Maritime Trade The maritime trade industry is on the verge of a technological revolution that is fundamentally reshaping its operations. As digitalization takes hold, a new wave of disruption is poised to transform the industry. To thrive in this evolving landscape, it is crucial for industry leaders to be aware of and embrace the following four trends: The Rise of Digital Platforms in Maritime Trade One of the
Growing capacity combined with "invisible" peak season weakens container market The peak season in the container shipping market should already be getting underway under normal circumstances, but, according to Danish maritime data analysis firm Sea-Intelligence, it has not started yet. The following figure shows the four-week average capacity deployment (future based on currently scheduled capacity by the carriers) for Asia-North America, combined Asia-North America West and
Noble wins semisub contract with Petronas for work offshore Suriname Offshore rig owner Noble Corporation has won a contract with Petronas for the 2009-built semisub offshore Suriname. The New York and Copenhagen-listed firm has fixed ex-Maersk Discoverer for 90 days from August this year in a deal worth $43m, including additional services provided, mobilization and demobilisation fees. The rig is currently operating offshore Guyana for ...
McDermott wins Shell contract in Malaysia US subsea and deepwater engineering and construction player McDermott has secured a contract from Sarawak Shell Berhad for pipelay and heavy lift project off the coast of Sarawak in East Malaysia. Under the scope of the contract, McDermott will perform transportation and installation services for two pipeline segments and one section of flexible pipelay at ...
Revoked wind farm license leaves Cadeler, Siemens Gamesea deals in the air The Danish Energy Board of Appeal has revoked the establishment permit for HOFOR's Aflandshage offshore wind farm awarded by the country's energy agency last year. HOFOR, the developer of the Aflandshage offshore wind project, said that a changed practice by the authorities regarding the counting of bats, among other things, was what triggered the rejection ...
Seanergy steps up buybacks as it expands with first newcastlemax addition Greek capesize owner Seanergy Maritime has spent around $1.6m repurchasing its own shares as part of a buyback scheme and brought in its first newcastlemax bulker on bareboat charter with purchase option attached. The Stamatis Tsantanis-led company has picked up 362,161 common shares, or about 2% of its issued and outstanding shares, at an average ...
MAN to retrofit up to 60 Seaspan and Hapag-Lloyd ships to green methanol MAN Energy Solutions has signed a conversion commitment agreement with containership owner Seaspan and containerline Hapag-Lloyd. Under the terms of the agreement, MAN PrimeServ, MAN Energy Solutions' after-sales division, will deliver 15 engine retrofit solutions for the conversion of vessels powered by individual MAN B&W S90-type fuel-oil-powered engines from the Seaspan and Hapag-Lloyd fleets
SSY buys German shipbroker F3 Offshore UK shipbroker Simpson Spence Young (SSY) is expanding its offshore operation with a second acquisition in the sector this year. The London-headquartered firm has sealed a deal to buy German specialist shipbroker, F3 Offshore for an undisclosed sum. The Hamburg-based outfit, founded in 2009, is the first brokerage to specialise in North Sea renewables and ...
Bernhard Schulte returns to Ulstein for pair of CSOV newbuilds Bernhard Schulte Offshore, a Hamburg-based unit of Schulte Group, has returned to Ulstein Verft in Norway for the design and construction of two commissioning service operation vessels (CSOVs). The contract, with an undisclosed value, includes options for four additional ships of Ulstein SX222 design. The firm two newbuilds will add to Bernhard Schulte Offshore's current ...
BP and WasteFuel to explore bio-methanol use in shipping Energy supermajor BP has invested $10m in WasteFuel, a California-based biofuels company, to research the potential of bio-methanol in hard-to-abate sectors like shipping. BP said that solid waste production totals about 2bn metric tons annually and would increase to 3.4bn metric tons by 2050. According to the company, WasteFuel's deployment of anaerobic digestion and methanol ...
MPC Container Ships scores profitable asset play as it offloads last joint venture ships MPC Container Ships (MPCC) has achieved a lucrative asset play with the disposal of the final two Bluewater joint venture vessels. The Oslo-listed tonnage provider has offloaded the 2002-built 2,800 teu Cimbria and 2003-built Cardonia for $42.5m. Both vessels, VesselsValue estimates as worth around $24.5m in total, are currently on charter contracts, expiring at the ...
Anders Onarheim stepping down from BW LPG CEO role The chief executive officer of VLGC owner BW LPG Anders Onarheim has decided to step down from the role. BW LPG said Onarheim would leave the company on September 30 this year. No reason was given for his departure. The company's board of directors has already appointed Kristian Sørensen, the deputy CEO and head of ...
Harsh environment semisubs approaching half-million per day as market sells out The global market for sixth-generation harsh environment semisub rigs stands at 100% utilisation for the first time in nearly a decade, with dayrates approaching the $500,000 mark. Data from Westwood Global Energy's RigLogix platform shows committed utilisation of these units has risen 14% in the last six months, and is now sold out - a ...
Avance Gas continues fleet renewal plans with sale of 2008-built VLGC Avance Gas has sold the 2008-built very large gas carrier (VLGC), , for a cash consideration of $60m. The vessel is currently employed on a two-year time charter party and will be delivered to the new owner following the completion of the current charter. According to Avance Gas, delivery to the new owners is expected ...
Victor Restis embroiled in UK legal case Greek shipping tycoon Victor Restis is embroiled in a legal battle in the UK, demanding £37m ($47m) be repaid from a British financier, Amanda Staveley, over a loan issued 15 years ago. Restis, who controls Enterprises Shipping & Trading, is battling Staveley, a famous name in British sports finance, over the size of the money ...
Costamare boss takes stake in Seanergy Maritime Another dry bulk firm has piqued the interest of other shipowners in the public market. Konstantinos Konstantakopoulos, chairman and CEO of Greek boxship and bulker owner Costamare, has picked up a major stake in compatriot Nasdaq-listed capesize specialist Seanergy Maritime. According to a filing to the US Securities and Exchange Commission (SEC), Konstantakopoulos-controlled Longshaw Maritime ...
Pressure grows on Ottawa to act on day six of the Canada port strikes Day six of the west coast Canadian port strikes and the pressure is growing on the federal government to intervene to resolve a contract dispute between employers and the International Longshore and Warehouse Union (ILWU) Canada. Railway giant Canadian Pacific Kansas City has put a temporary hold on export traffic heading to the port of ...
US green lights Ørsted's Ocean Wind project off New Jersey US authorities have approved the plan for the construction and operations of Ørsted's Ocean Wind 1 project offshore New Jersey. Located about 24 kilometres southeast of Atlantic City, the project will have an estimated capacity of 1.1 GW, capable of powering over 380,000 homes. The project is supposed to create around 3,000 jobs through its ...
Shots fired in latest Iranian tanker skirmish A US destroyer has prevented attempts by the Iranian Navy to seize two commercial tankers in international waters in the Gulf of Oman with even shots being fired at one of the tankers. According to an account of the events by the US Navy, an Iranian naval vessel approached the Marshall Islands-flagged oil tanker TRF ...
The case for offshore container ports Rafael Zarama argues box ports should be established further out to sea. Container ports have evolved significantly since their inception in the 1950s. These ports, where ships dock in protected coastal waters and cargo is unloaded using cantilever cranes on skids, have undergone changes in size, technology, and optimisation. However, despite these adaptations, the traditional ...
ARI: Singapore to spearhead the adoption of digital solutions New Delhi-based global developer of simulation training systems for the maritime sector, ARI Simulation, has expanded its international footprint, launching operations in Singapore with Bhupesh Gandhi at the helm. A well-known name in maritime technologies and simulation circles, Gandhi joined Applied Research International (ARI) as Singapore CEO based on the company's proven track record and ...
Autonomous navigation voyage between Korea and Taiwan completed South Korean shipbuilder Samsung Heavy Industries has successfully demonstrated autonomous vessel navigation from South Korea to Taiwan, marking an industry first. The demonstration involved the installation of Samsung's self-developed remote autonomous navigation technology, known as Samsung Autonomous Ship (SAS), and the smart ship system SVESSEL on a 15,000 teu containership. The vessel sailed
Iran seizes vessel a day after foiled hijackings of two US-affiliated tankers Iran's Islamic Revolutionary Guard Corps has seized an unidentified vessel in the Middle East Gulf, a day after the US...
Impasse continues in Canada port talks as business groups urge government intervention Canada's west coast dockworkers have been striking since Saturday and talks recently broke down over the issue of maintenance work...
IMO inches closer to agreement on GHG strategy revision While the most ambitious targets being pushed by US, UK and Canada have not been met, the current text suggests...
IMO defers guidelines for 'too early' shipboard carbon capture and storage technology Guidelines for onboard C02 carbon capture and storage will be incorporated into lifecyle analysis of greenhouse gas intensity of fuels...
Buyers backed by US-investors purchase MPC Container Ships feedermax pair Sale of 20-year-old and 21-year-old containership pair by MPC Container Ships and its joint venture partner includes their remaining two-year...
Hydrogen wars intensify with US' new $1bn initiative The Biden-Harris administration's new initiative could offer up to $1bn to help link producers and buyers in the nascent clean...
Ofac fine over Swedbank Latvia shipping client highlights need for strict sanctions compliance US sanction enforcer moderates penalty after violations deemed non-egregious
MAN ties up second big boxship methanol-fuel conversion project MAN Energy Solutions is now set to convert 15 boxships owned by tonnage provider Seaspan, in collaboration with container line...
Capesizes trend lower as forward curve weakens Weaker steel and coal trades have also weighed on dry bulk rates, pulling the Baltic Dry Index below 1,000 points...
SSY acquires offshore specialist shipbroker The deal to acquire F3 Offshore is the second this year as SSY accelerates its ambition to grow its offshore...
Greeks buy bulkers and shed tankers in first half Proceeds raised by Greek owners from selling ships were double the amount splashed on acquisitions
Grimaldi ro-ro vessel fire in New Jersey claims lives of two firefighters The 47,000-gross tonne Costa d'Avoria was completing loading operations when a fire started on deck number 10. The vessel's owner...
BP joins Maersk in backing biofuel start-up WasteFuel, a start-up planning to develop a global network of plants to convert municipal and agricultural waste into bio-methanol, had...
OOCL liftings up but revenue down by 9% compared with first quarter Liftings have increased across all of OOCL's route networks, with transpacific volumes up by 8.7%. Elsewhere, Asia-Europe liftings increased by...
Japan's largest port Nagoya gradually resumes operation after hacker attack A two-day operational halt as a result of the attack has caused significant congestion at the port
Human rights groups condemn Portland asylum accommodation plan The vessel Bibby Stockholm is being prepared to house asylum seekers at the UK port of Portland. But detractors say...
PSA buys into Duisburg Container Gateway project Duisburg Gateway Terminal is due to finish its first stage of construction next year. But low-water levels on the Rhine...
Daily Briefing No shortage of purge-worthy vessels in Panama detention list, but is it willing to pay the price? | Marine insurers...
Trans-Pacific services get reworked as freight downturn continues Ocean carriers are pulling a variety of levers such as cancelled services, new port calls and slow steaming to keep ships on the water in the face of weak demand.
Impact of BC port strike could deepen without Ottawa's intervention The strike by ILWU Canada, which entered its sixth day Thursday, is expected to have an increasing impact on Canada's trans-Pacific trades if it drags into next week and beyond.
Japan's Nagoya port resumes cargo handling operations after ransomware attack Ocean Network Express said container operations on three vessels were affected by the disruption, but that loading and unloading had now been completed.
Ocean carriers in Europe facing multi-billion-dollar emissions price tag While the International Maritime Organization battles to reach agreement on a global carbon levy, the huge cost of compliance with Europe's market-based carbon levies is becoming clearer.
'Nasty' air cargo market puts forwarders under pressure: Xeneta Weak demand from key regions in an air freight industry awash with excess capacity is forcing forwarders with block space agreements to fend off aggressive pricing policies by rivals.
Carriers in Europe facing multi-billion-dollar emissions price tag While the International Maritime Organization battles to reach agreement on a global carbon levy, the huge cost of compliance with Europe's market-based carbon levies is becoming clearer.
New capacity wave heading for trans-Pac trade: Sea-Intelligence The long-anticipated wave of container ship newbuildings will hit the water by the end of August, despite a weak cargo market that threatens to keep the new ships underutilized.
Iran seizes vessel in Gulf, a day after two failed attempts US Navy decides not to intervene as vessel seized on suspicion of smuggling activities
IMO forges 'wish and a prayer' carbon deal as greens bemoan checkpoint targets China, Brazil and Argentina push back against targets in line with Paris Agreement
Seanergy charters newcastlemax bulker while banking on China and global infrastructure projects Capesize market has fallen since late June, but chief executive sees 'very robust' dry bulk demand
Methanol newbuilding binge spills over to big tugboats Turkish shipyard Sanmar is scheduled to deliver the vessels in 2025
Grimaldi ro-ro catches fire off New Jersey, resulting in death of two firefighters Fire is still active aboard Italian operator's car carrier Grande Costa d'Avorio after fatal incident
Stolt-Nielsen investors not put off by legal battle loss as shipowner stays confident Shipping company sees shares jump over 3%, despite tax benefits keeping bottom line above water
Singapore's PSA International takes minority stake in German container terminal Company says Duisburg Gateway is key to providing green logistics services to Germany's dense industrial hinterland
Hapag-Lloyd and Seaspan Corp move on up to 60 methanol engine retrofits Container ship owners follow AP Moller-Maersk lead in deal with MAN Energy Solutions
Why burnishing shipping's brand has never been so important As BLUE celebrates its 15th anniversary, co-founder Alisdair Pettigrew shares his thoughts on shipping's evolving relationship with brand and reputation
Schulte Group back at Ulstein for up to six hybrid methanol wind farm ships Norwegian shipyard clinches major new deal to help shipowner expand CSOV fleet
Hapag-Lloyd and Seaspan move on up to 60 methanol engine retrofits Container ship owners follow AP Moller-Maersk lead in deal with MAN Energy Solutions
Iran crude exports fall from record post-sanction highs amid China checks Increased competition from Venezuela with cut-price crude also linked to cut in demand, says Vortexa
Investor in Maxim shipping deals faces fraud charges from SEC for earlier trades This week's Streetwise takes a look at allegations of illegal short-selling practices by Sabby Management and principal Hal Mintz
Car carrier bull run at risk from encroaching container ships, analyst warns VesselsValue's Daniel Nash says box vessels are muscling in as vehicle ships remain sold out
Shipowner Victor Restis moves against Newcastle Utd owner over 'unpaid loan' Victor Restis is reportedly seeking $47m from Amanda Staveley over a 2008 payment that he claims has not been paid back
Pen Underwriting drives marine growth with Norwegian acquisition UK-based insurer is aiming to become a £1bn premium company
MAN Energy Solutions reveals ammonia engine breakthrough in '911 call' to IMO Engine designer puts through emergency call to the IMO that technologies needed for decarbonisation are moving
Price rises for Russia's super-size FSU duo as second unit heads for Northern Sea Route Two Arctic behemoths being put on location as Russia forges ahead with plans to boost its LNG exports
Clarksons expands offshore renewables operation with new Edinburgh office UK shipbroking giant bolsters Scottish presence with hub for offshore wind work
Iran claims it had court order to seize the Chevron VLCC it fired on Gulf state says tanker had been involved in a collision
Price rises for Russia's supersize FSU duo as second unit heads for NSR Two Arctic behemoths being put on location as Russia forges ahead with its plans to boost its LNG exports
BW LPG helm: Anders Onarheim out and Kristian Sorensen in The chief executive will vacate his position later this year and be replaced by his deputy
US courtroom defeat torpedoes what would have been a record quarter for Stolt-Nielsen Without a legal judgment against it, the shipowner would have had a $113m profit instead of the $8.3m it finished with
SSY offshore operation grows again with deal to buy German shipbroker F3O UK-headquartered shop follows up February takeover of Westshore with another bolt-on acquisition
BP invests in Maersk-backed US bio-methanol start-up Oil major leads latest fundraising round for LA-based firm
Storm grounds pioneering LNG bunker vessel off Amsterdam Damage to Gasum-operated gas supply ship being assessed
SSY builds offshore operation again with deal to buy German broker F3O UK-headquartered shop follows up February takeover of Westshore with another bolt-on acquisition
Anders Onarheim out and Kristian Sorensen in at helm of BW LPG The chief executive will vacate his position later this year and be replaced by his deputy
MPCC offloads final joint venture ships for massive profit, despite rate slump German owner makes $29.7m from sale of elderly container vessels acquired in a bank deal six years ago
Courtroom defeat torpedoes what would have been a record quarter for Stolt-Nielsen Without a legal judgment against it, the shipowner would have had a $113m profit instead of the $8.3m it finished with
Gram cashes in on record values in rare sale of car carrier duo Norwegian owner offloads smaller distribution vessels built in 2010 and 1996
Avance Gas sells penultimate older VLGC for eye-catching profit Owner planning to recycle cash into new ships to meet decarbonisation goals
Comment: Ghost ship saga reveals challenge of ageing ships and a flawed system The system of state port control is fundamentally unsound, but it is doing a job that some flag states are not
Cosco Shipping expects 74% plunge in earnings as container rates slide Giant Chinese owner says balance between supply and demand has shifted in the sector
Singapore's PSA takes minority stake in German container terminal Company says DGT is a key gateway to providing green logistics services to Germany's dense industrial hinterland
Amazon Air cuts ties with Silver Airways Amazon's private airline that outsources cargo flying to third parties has ended its partnership with Silver Airways, a small regional carrier that operated five small ATR72-500 turboprop planes on small [...]
DHL Express christens Atlanta regional hub DHL Express cut the ribbon Thursday on the first hub ever opened in Atlanta by an air express carrier.
2 firefighters killed in car carrier blaze at Port Newark Two New Jersey firefighters died fighting a blaze aboard the Grimaldi car carrier Grande Costa d'Avorio at Port Newark on Wednesday night.
Western Global Airlines sued for nonpayment of logistics services Western Global Airlines has hit hard times, losing Amazon as a primary customer, piling up debt and facing at least two lawsuits.
Uprooted cargo airlines relocate to secondary airport near Mexico City Mexico is kicking out freighter aircraft from the country's busy international airport to address overcrowding. The move to another airport is creating headaches for airlines.
Survey: More than two-thirds of CEOs call human rights a supply chain concern A new survey from Proxima says human rights within the supply chain are a growing concern for leaders of companies across the U.S. and the U.K. Here's what you need to know.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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