Internal Events

The US Federal Maritime Commission (FMC) has introduced a new rule that will significantly curtail the ability of shipping lines to deny space for booked containers. This move aims to safeguard shippers from unfair practices and restore balance to the shipping industry. The rule, set to take effect on September 23, comes in response to [...]

Air cargo operations are gradually returning to normal following widespread disruptions caused by a global IT outage last week. The incident, triggered by a faulty software update from cybersecurity firm CrowdStrike, sent shockwaves through the aviation sector, causing widespread delays, cancellations, and operational gridlock. Major airports and cargo handling giants like Schiphol and Swissport have [...]

Suez Canal Traffic and Revenue Collapsed The Suez Canal Authority (SCA) has revealed a catastrophic 23.4% decline in annual revenue for the fiscal year 2023/2024. This dramatic downturn is directly linked to the escalating Red Sea crisis. Heightened tensions in the region, primarily driven by the Israel-Yemen conflict, have compelled ship owners to avoid the [...]

The World Shipping Council (WSC) announced a significant decrease in containers lost at sea in 2023, marking the lowest number since record-keeping began in 2008. Only 221 containers were lost out of a staggering 250 million transported, surpassing the previous low of 661 containers in 2022. Recovery and Continued Vigilance: While approximately 33% of lost [...]

The Tradewinds Shipowners Forum at Posidonia 2024 featured a dynamic opening session with key industry leaders discussing pressing challenges and opportunities in the maritime sector. Here’s a breakdown of the key topics: Shadow Fleets: A Threat to Safety and Environment Harry Conway (IMO) highlighted concerns about shadow fleets, vessels operating outside regulations, posing risks to [...]

CMA CGM is implementing a Peak Season Surcharge (PSS) for shipments traveling from Asia to La Reunion. This applies to cargo originating in China, Taiwan, Hong Kong & Macau SAR, Southeast Asia, South Korea, and Japan. Key Points: Affected Routes: Asia (China, Taiwan, Hong Kong & Macau SAR, Southeast Asia, South Korea, Japan) to La [...]