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Ports and logistics news: port congestion, terminal operations, canal traffic and the supply chains moving global trade.
A new temperature spike aboard the fire-damaged Ro-Ro vessel Min Jiang Kou has forced salvage crews off Panama to resume emergency cooling operations more than a month after the original engine-room blaze disabled the ship.
Wreck removal crews have pulled the grounded containership MSC Baltic III about 53 meters toward shore on Newfoundland’s west coast as dismantling and steel removal operations continue.
Stranded container capacity in port queues worldwide has climbed to 4.31 million TEU, exceeding the 4 million TEU high recorded during the 2022 pandemic-era supply chain crisis.
A review of Greece’s port ownership structure shows Chinese, Italian and Greek private capital increasingly running key terminals alongside the Greek state, which retains ownership stakes across the network.
The Dubai Tower, operated by China’s Sea Legend Shipping, has arrived at Teesport in the UK after a 25-day voyage along Russia’s Northern Sea Route, inaugurating the first regular Arctic container service between Asia and Europe.
Wage-driven strikes at German seaports and a separate welfare-policy walkout at Rotterdam, Amsterdam and Zeeland have combined to push on-time carrier performance on the Asia-Europe trade lane to unprecedented lows.
Naval engineer Ilya Espino de Marotta has taken office as Panama Canal Administrator, becoming the first woman in the waterway’s 112-year history to hold the top post.
Capital Tankers Corp, part of Greek shipowner Evangelos Marinakis’ Capital Maritime group, reported a $92.9 million net profit for the second quarter on strong spot-market exposure and a rapidly expanding fleet.
The Baltic Dry Index has climbed to its highest level in nearly five years as bad weather in the Pacific and tightening Capesize vessel supply collide with strong export demand.
Rotterdam World Gateway is investing €500 million to build a fourth deep-sea berth at its Maasvlakte 2 container terminal, bringing total development costs to about €2 billion.
