The US Senate yesterday passed the Ocean Shipping Reform Act 22 (OSRA 22) and will now seek to agree a final version of the bill with the House of Representatives before President Biden signs the legislation into law.
Airlines are canceling cargo flights from Shanghai Pudong (PVG) following the city's Covid lockdown, with diverted cargo likely to push up airfreight rates at alternative gateways.
Shanghai International Port Group (SIPG) issued a letter to customers, saying that at present, except for the impact of extreme weather, during the lockdown period, the port would ensure normal operations and provide 24 hours services at all port production units.
The Bangladesh Shipping Corporation (BSC) has made an insurance claim of around $22.4 million from the Sadharan Bima Corporation for the Banglar Samriddhi ship, which has been abandoned in Ukraine after a rocket attack.
Maersk has confirmed that its chartered vessel Dyros lost around 90 containers in rough seas, in the North Pacific, around 1,200 nm east of Japan on Monday, and the losses included nine boxes containing dangerous cargo.
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