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30 March 2023

How has the Ukraine-Russia War Reshaped Ocean Shipping?

Container Shipping: Nearly all major container shipping lines suspended service to Russian ports shortly after the war broke out and have not returned. Mediterranean Shipping Co. (MSC), the world’s...

23 March 2023

Suez Canal Sets New Record for Daily Transits

In an ongoing effort designed to expand capacity and enhance navigation safety in the Suez Canal, a new record has been set for the number of transits through the...

16 March 2023

Uncleared/Abandoned Cargo: a Problematic New Trend

By Richard Kamppari Baker, Claims Director, World Insurance Services, Inc. During any economic downturn, cases for uncleared and/or abandoned cargo rise substantially. In the 2008 recession, cases of uncleared cargo rose...

6 March 2023

Container Demand Uptick Seen in China

According to data from container logistics platform Container xChange, pickup charges from China to Europe Med for 40-ft-high cube boxes increased 9.7% from week 1 to week 5 in...

15 February 2023

Port of NY Booming, but Data Hints at CA Comeback

For the first time in history, in 2022, the Port of New York and New Jersey broke the nine-million container mark, moving nearly 9.5 million TEUs (20-foot equivalent units),...

3 February 2023

What’s in Store for the Shipping Industry in 2023?

Containership market outlook: The containership market experienced record-setting rates and profitability since Q3 of 2020, however, since early 2022, rates have been steadily falling. Inflation led to decreased consumer demand,...

27 January 2023

Insurers End War-Risk Cover for Shipping Across Russia, Ukraine & Belarus

As a result of financial losses, ship insurers are cancelling war-risk coverage across Russia, Ukraine and Belarus. Twelve of the 13 Protection and Indemnity (P&I) clubs said they will...

20 January 2023

From a Claims Perspective: Egypt’s release of $8.5 billion in goods stuck at ports

By Richard Kamppari Baker, Claims Director, World Insurance We have received some queries regarding cargo on hold within Egypt. Apparently, USD 8.5 billion in goods were stuck at port...

Latest News

How has the Ukraine-Russia War Reshaped Ocean Shipping?

Suez Canal Sets New Record for Daily Transits

Uncleared/Abandoned Cargo: a Problematic New Trend

Container Demand Uptick Seen in China

Port of NY Booming, but Data Hints at CA Comeback

What’s in Store for the Shipping Industry in 2023?

Insurers End War-Risk Cover for Shipping Across Russia, Ukraine & Belarus

From a Claims Perspective: Egypt’s release of $8.5 billion in goods stuck at ports

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