One of the most steady performers in the ocean freight spot market has finally begun to follow the wider industry trend, as rates for reefer containers from North Europe to China lock into a downward trajectory. According to the latest real-time data from Xeneta,...

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The newly released Arctic Report Card 2022 received from the National Oceanic and Atmospheric Administration (NOAA) in the US includes details that are no surprise. Temperatures are rising, and sea ice is melting. But with the changes comes one that is not as obvious:...

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United Nations aid chief Martin Griffiths said on Thursday it was unlikely the Black Sea grain deal would be expanded in the near term to include more Ukrainian ports or reduce inspection times. Kyiv has called for an expansion of the deal with Moscow which was...

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The country’s premier port Chattogram is set to miss the 30 lakh twenty-foot equivalent unit container handling milestone this year too, according to estimates arrived at as a result of sluggish external trade. Besides, Chattogram’s current position in the global list...

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Commander of the Islamic Revolution Guards Corps (IRGC) Navy Rear Admiral Ali Reza Tangsiri warned on Tuesday against the closure of the Strait of Hormuz, saying if it occurs, Islamic Republic will not let any ships leave the Persian Gulf. “We’ve not been and are not...

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