The global container ship order book has climbed to a record 11.8 million twenty-foot equivalent units despite falling freight rates and rising trade tensions, according to shipping association BIMCO.
The order book now totals more than 1,350 vessels, said Niels Rasmussen, reflecting continued fleet expansion by container shipowners even as market conditions soften.
Global container freight rates fell an estimated 13 percent in 2025 compared with the previous year while increases in ...
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A new report from UL Standards & Engagement says incidents involving lithium-ion batteries in air cargo have increased 40 percent since 2021, highlighting growing safety concerns as global demand for battery-powered products continues to surge.
The study, released March 10, draws on incident reports from airlines participating in the organization’s Thermal ...
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The International Labour Organization and shipping association BIMCO have launched a pilot insurance program aimed at improving compensation and protections for workers in Bangladesh’s ship recycling industry.
The Employment Injury Scheme will provide financial compensation for workers and their families in cases of permanent injury or death at shipbreaking yards, where ...
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The International Air Transport Association said it is expanding the use of artificial intelligence in air cargo operations through a series of initiatives aimed at improving efficiency, safety and collaboration across the industry.
The airline trade group announced three programs designed to help airlines, freight forwarders and ground handlers apply AI ...
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International Air Transport Association said March 12 it has launched a digital platform designed to eliminate paper-based declarations for air shipments of hazardous materials; a move the airline trade group says will improve safety and reduce delays in the handling of dangerous goods.
The new system, called DG Digital, allows shippers ...
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Major container shipping lines are imposing emergency surcharges, restricting bookings and rerouting vessels as Iran’s threat to disrupt traffic through the Strait of Hormuz sends shockwaves through global energy and shipping markets.
The narrow waterway between Iran and Oman is one of the world’s most critical maritime chokepoints, serving as the ...
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The Port of Brownsville said March 11 that a company called America First Refining plans to build what officials describe as the first new oil refinery on the U.S. Gulf Coast in nearly 50 years, a project expected to process domestic shale crude and create hundreds of jobs in South ...
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Redwood Logistics has acquired EELCO, a Laredo, Texas-based customs brokerage and warehousing provider, expanding its cross-border capabilities along the U.S.-Mexico trade corridor. Terms of the deal were not disclosed.
Redwood Logistics said the acquisition adds licensed customs brokerage services, Foreign-Trade Zone warehousing and additional border operations expertise to its Redwood Mexico ...
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The Port of South Louisiana on Feb. 25 marked the ribbon cutting of the Globalplex Dock Access Bridge, a publicly funded infrastructure project designed to improve cargo reliability, efficiency and heavy-load capacity at its Globalplex facility.
The bridge was financed through the Federal Maritime Administration and Louisiana’s Capital Outlay program. Port ...
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The Port of Long Beach began 2026 as the nation’s busiest seaport, recording its second-busiest January on record amid ongoing trade and tariff uncertainty, port officials said Wednesday.
Dockworkers and terminal operators moved 847,765 twenty-foot equivalent units (TEUs) in January, down 11 percent from January 2025, which remains the port’s strongest ...
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