The U.S. Department of Transportation’s Maritime Administration (MARAD) announced on Thursday $488.628m in funding to restore American maritime dominance and revitalize American ports, shipyards and maritime capabilities.

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates this week continued the increasing tendency. As it is mentioned, their composite World Container Index increased by 5% to $2,279 per 40-foot container.

Shipnext, a blockchain-driven digital shipping marketplace and reverse trading platform, has launched Shipnext Voyager, the all-in-one command centre for modern freight operations.

The container shipping industry’s response to the fourth week of the Persian Gulf war shifted in a more optimistic direction on Wednesday as China’s state-backed COSCO Shipping Lines announced the resumption of new booking services for ordinary freight containers from the Far East to the Middle East

Exports outpace imports amid blankings, trade shifts

CMA CGM deploys sail-equipped Neoliner Origin

Challenging outlook amid geopolitics, capacity woes

The recently designated Chairman and a Commissioner of the Federal Maritime Commission, Laura DiBella, issued a statement regarding China’s current retaliation policies against Panama after the cancellation of CK Hutchison’s concession to operate the port terminals at the Panama Canal.

The Ecuadorian Navy is highlighting a series of interceptions of drug smugglers while working in coordination with the U.S. Coast Guard. They are reporting it is part of the ”Total Offensive” phase of the operation, but it came as the U.S. also reported striking yet another small boat suspected of smuggling drugs.