China Opens New Arctic Trade Route–But Obstacles Will Prevent Its Wider Use
[By Edward Rhys Jones} Sea Legend, a Chinese shipping line, recently announced it was launching a regular container service between China and Europe via the Arctic.
[By Edward Rhys Jones} Sea Legend, a Chinese shipping line, recently announced it was launching a regular container service between China and Europe via the Arctic.
Murmansk marked a key milestone in its efforts to develop the port into a logistics hub, taking advantage of the growth on the Northern Sea Route. The first Chinese-operated cargo ship carrying containers arrived in the port on August 19.
The volume of containership transits at the Suez Canal is continuing to rise as more carriers are growing comfortable with the security risks in the region.
Germany’s main service union, Ver.di, invoked a daylong strike that is impacting a total of six seaports and has brought most container and cargo operations to a standstill.
Increasing draft restrictions on the Panama Canal for Neopanamax vessels has seen carriers introduce surcharges varying from $100-$500 per teu
The Ecuadorian National Police are reporting a particularly challenging seizure of cocaine in the Port of Guayaquil before it could be exported on a containership to Spain.