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News
Asian ports snarled as El Niño fuels busy typhoon season
4+ day, 9+ hour ago (349+ words) (Sept 10): An unusually active typhoon season is disrupting shipping operations across Asia, with Shanghai particularly hard hit by snarled traffic and vessel delays. Shanghai, the world’s busiest container port, saw barely one-fifth of container ships arrive on time in July,…...
Shipping nations warn global trade is fracturing — and everyone pays
5+ day, 14+ hour ago (630+ words) (Sept 9): The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for global trade, 18 of the most important shipping nations warned on Tuesday. “Shipping routes are increasingly…...
Malaysia, Singapore and Indonesia to keep waters ‘free, open and safe’
2+ week, 5+ day ago (224+ words) (Aug 25): Malaysia, Singapore and Indonesia — countries that share the primary stewardship of the Strait of Malacca — said on Tuesday they were committed to keeping the narrow corridor and the waters around it “free, open and safe for international shipping”. Disruption…...
Asian shipper pays record US$5.3 mil to cross Panama Canal — Bloomberg
2+ week, 5+ day ago (323+ words) (Aug 26): A shipper needing to transit the Panama Canal bid a record US$5.3 million (RM21.35 million) to secure its spot, according to people familiar with the matter. South Korea-based SK Gas Ltd agreed to pay the sum to travel the canal…...
Rising Panama Canal fees driving LPG shuttle trade
3+ week, 3+ day ago (316+ words) (Aug 21): Exporters including Chevron Corp are turning to ship-to-ship transfers to send liquefied petroleum gas (LPG) from the US to Asia, an apparent change in strategy that comes as users of the Panama Canal grapple with congestion and record transit…...