Maritime
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Unrest in the Red Sea: Houthi Strikes and International Political Shifts
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Amidst escalating tensions in the Red Sea, another Houthi missile strike has targeted a bulk vessel. The rebels boasted of the attack’s precision, claiming ...

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The Port of Chancay, Under Construction in Peru, Hopes to Be a Game-Changer for Asia Trade
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A massive port is under construction in the city of Chancay, located close to Lima, the capital of Peru. The port aims to enhance South America’s trade ...

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The Current Situation in the Panama Canal: What Should Exporters and Importers Expect?
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During the most severe drought period in the history of the Panama Canal, we are watching the weather forecast closely. Even if rains are ...

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MSC Potentially Faces $63M Fine for Violating the Shipping Act
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The largest ocean carrier in the world, Mediterranean Shipping Company (MSC), has been accused by the Federal Maritime Commission (FMC) of engaging in ...

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Iran’s Shocking Seizure of MSC Aries Rocks Strait of Hormuz
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The latest incident in the long-running Middle East crisis occurred this past weekend and involved major shipper MSC and threatens to escalate shipping ...

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Why This Year’s Contract Negotiation Season is Different for Transpacific Eastbound Traffic
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In Transpacific Eastbound traffic, we are experiencing an unusual period. Traditionally, up until now, rates for the next contract season, which usually ...

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Criminal Investigation Opened into Vessel Involved in Baltimore Bridge Collapse
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The U.S. Federal Bureau of Investigation (FBI) has begun an investigation probing the container vessel Dali that crashed into Baltmore’s Francis Scott Key ...

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The Automated Manifest System (AMS): An Overview and Requirements for Shippers
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What is the Automated Manifest System (AMS)? The automated manifest system is an electronic system that is used to support cargo data such as departure, ...

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The Art of Marine Salvage: A Riveting Tale of Oceanic Rescue Missions
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This is a guest post by Christopher Garcia. Beneath the vast and mysterious expanse of our oceans lie secrets untold – tales of forgotten shipwrecks, ...

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ILA and USMX Master Contract Negotiations: A Deadline (and Possible Strike) Looms
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The master contract between the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) expires on September 30th, 2024. ...

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How Carriers Can Maximize Profitability by Using Digitalization
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In maritime transportation, every container has the potential for profit or loss. One of the most important financial problems that negatively affects this ...

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U.S. Import Trade in the First Quarter of 2024: Growth, Crises, and Port Dynamics
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In the first three months of 2024, we have seen major growth, crises, and an important incident. The crises in the Panama and Suez Canals, Red Sea, and ...

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