Baltimore Bridge Collapse Costs Wallenius Wilhelmsen Millions

Baltimore Bridge Collapse Costs Wallenius Wilhelmsen Millions

The Baltimore bridge collapse is projected to cost Wallenius Wilhelmsen between $5 and $10 million. The company is actively rerouting cargo to mitigate the impact and ensure the continuity of its customers' supply chains. This proactive approach to risk management aims to minimize disruptions caused by the port interruption and maintain efficient delivery schedules. The incident highlights the importance of robust contingency plans within global supply chains to address unforeseen events and maintain operational resilience.

11/03/2025 Logistics
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APM Terminals Expands Multimodal Reach with Panama Canal Railway Buy

APM Terminals Expands Multimodal Reach with Panama Canal Railway Buy

Maersk's APM Terminals acquired Panama Canal Railway Company (PCRC) to strengthen its intermodal capabilities. PCRC, a vital land bridge connecting the Atlantic and Pacific Oceans, significantly enhances APM Terminals' global supply chain strategy. This acquisition aims to improve cargo transfer efficiency, reduce transportation costs, and further solidify Maersk's position as a leading integrated logistics provider. The PCRC will play a key role in streamlining operations and optimizing connectivity across the Panama Canal region.

11/03/2025 Logistics
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Houthi Blockade Disrupts Israeli Trade Routes

Houthi Blockade Disrupts Israeli Trade Routes

Yemen's Houthi rebels have announced a blockade of the Israeli port of Haifa, directly impacting shipping companies and cargo owners. This action is likely to lead to increased shipping costs, supply chain disruptions, and a reshaping of regional trade patterns. Businesses are advised to closely monitor the situation and develop risk management plans. The blockade poses a significant threat to maritime traffic and could further destabilize the already volatile region, potentially impacting global commerce.

11/03/2025 Logistics
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