The Panama Canal expects to complete a billion-dollar construction of a new water reservoir within six years that will help ensure the passage of 36 ships a day, the administrator of the global waterway said on...
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20 of world’s biggest companies collaborate to modernize bar code
Bar code turns 50 but lacks efficiency for today’s supply chainIt’s hard to believe the bar code is turning 50. Anyone who was a cashier in the ’80s knows how...
Record Low in Containers Lost at Sea in 2023
A new report from the World Shipping Council (WSC) reveals that the number of containers lost at sea hit an all-time low in 2023.According to the Council’s annual report, only 221 out of the...
Climate Change and Red Sea Turmoil to Boost Arctic Shipping
The waters of Russia’s Northern Sea Route – a seasonal shortcut between Europe and Asia – look set to welcome record-level transit traffic this summer. The route’s administrator Rosatom has...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge
Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters...