Tag: maritime trade

The Panama Canal Authority (ACP) has released a statement to disprove media allegations that there are over 200 vessels waiting to enter the Canal after the altered booking condition due to the prolonged drought. 

After facing the drought of the century, the Panama Canal has limited daily transfers in order to ensure safe operation. Alas, this limitation has led to over 200 ships stuck on the sides of the Canal, waiting to cross the crucial waterway.

The European Commission adopted the 11th package of sanctions against Russia, based on the lessons learned from implementation over the past year.

During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update. After the downturn in the second half of 2022, world merchandise trade rebounded in both volume and value.

Global Shipping Business Network (GSBN) technology consortium welcomed Ocean Network Express (ONE) as its latest member in paperless trade. 

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the unusual drop in Chinese export container rates which normally enjoy a spike in the weeks leading up to Chinese New Year.

According to UNCTAD's Review of Maritime Transport 2022 , the maritime industry needs to take action and focus on ten specific areas to move forward.

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, takes stock of how the three main shipping segments have performed during 2022 and a brief look at what is in store for 2023.

The Baltic Exchange has issued its reports for 10 – 16 December, to provide information about the tanker and bulk market performance.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines Australia’s wheat export which could account for 13.7% of global wheat exports this marketing year, benefitting panamax, supramax, and handysize ships in Asia.