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Industry News

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Industry News

  • South Korean Trucker Strike Poses Another Risk to Global Trade and Supply C… June 11, 2022
    South Korean Trucker Strike Poses Another Risk to Global Trade and Supply Chain Challenges Thousands of truckers in South Korea have gone on strike. Truckers are protesting at 16 locations across the country, according to the International Transport Workers’ Federation (ITF). Strikes began on Tuesday, and by Thursday the daily volume of container boxes transported to and from the 12 ports in South Korea ...
  • Container Depot Fire in Bangladesh Continues, Estimated Financial Loss Coul… June 6, 2022
    On Saturday, June 4, 2022, a massive fire erupted in a container depot in Sitakunda, 40 km (25 miles) from the port city of Chittagong, Bangladesh. As of Sunday, 49 people have been killed and over 300 people have been injured from the fire. Fire service officials suspect the fire may have originated in a container of hydrogen peroxide and spread quickly to others containing ...
  • Congestion in the global supply chain and port call omissions continue as p… May 27, 2022
    Congestion at North America’s largest ports continue as what is predicted to be an earlier peak season quickly approaches. US East Coast ports have experienced a surge in container volume as shipping lines seek to avoid Southern California congestion. As a result of the significant ongoing port congestion, ocean carriers have announced plans to skip calls to some ports on the East Coast and Canada. ...