The higher average age of the Mediterranean feeder fleet could lead to a shortage when new environmental regulations come into force, according to Maritime Strategies International.

The US Maritime Administration (MARAD) has awarded just under $39m in grants under the Marine Highway programme, triple the amount in the in the previous year.

Chile-based SAAM has agreed to sell its port terminals and logistics operations to Hapag-Lloyd in a $1bn transaction.

The Shanghai Containerised Freight Index (SCFI) took another plunge this week, its fifth consecutive week of decline.

Shipping and logistics experts see the opportunity for Saudi Arabia to develop into a regional logistics hub taking advantage of its position at the crossroads of three continents.

Delays from ongoing strike action at the Port of Liverpool will be lesser than those from Felixstowe, but still compound with upsatream and downstream logistics issues.

Container xChange is attempting to automate manual processes around container tracking to optimise operations and cut costs.

DP World announced it has started construction of a 119,000 sq ft warehouse at its London Gateway Logistics Park before securing a tenant.

Economic indicators in the US provide little reassurance for the container market, according to a recent Bimco webinar.

Worsening supply and demand fundamentals will bring lower freight rates for the container sector, but still above 2019 levels.