The maritime industry recently saw significant container spill incidents involving the CMA CGM Belem and MSC Antonia off the coast of South Africa. Together, these incidents resulted in the loss of 145 containers. Yet, experts suggest these isolated events are unlikely to significantly impact cargo
The acquisition of the UK logistics provider Maritime Group by Medlog, a logistics and supply chain firm owned by MSC, marks a significant milestone in the logistics industry. Completed on September 2, 2024, this acquisition promises to pave the way for Maritime Group's continued growth and future
The container freight market, facing turbulent times, has witnessed a persistent decline in freight rates. Over the next 12 months, consultancy Linerlytica predicts a significant 70% drop in these rates. This article delves into the contributing factors and market dynamics influencing this downward
In recent years, there has been a worrying rise in the number of containership fires, prompting TT Club to call for increased vigilance across the entire supply chain. This call for heightened diligence emphasizes the critical responsibility that all stakeholders have in ensuring the accurate and
The Orient Overseas Container Line (OOCL) recently named "OOCL Portugal," the twelfth and final vessel in its 24,188 TEU series. This landmark event is not just significant for OOCL but for the entire maritime industry. It represents a crucial step forward in eco-friendly, efficient maritime
The logistics sector at Chittagong Port experienced a significant transformation recently, marked by a notable 25% reduction in operational costs following the departure of transportation syndicates. This decline in costs is not just a number on a balance sheet but a change with profound
