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The vessel Mineral Faith caused delays and tailbacks for at least ten southbound vessels after grounding Tuesday, according to a customer advisory note from Inchcape Shipping Services.
"Repercussions on the global supply chain will be felt over the next few months and perhaps years to come," said the CEO of supply chain research firm Resilinc.
The third party logistics provider said it will launch an updated version of RapidLink, its web-based supply chain software and service solution.
The over 5,000 firearms and 490,000 rounds of ammunition found hidden in containers onboard the Haddad I may have been destined for ISIS forces.
The Ocean3 Alliance of CMA CGM, UASC and CSCL will combine their FAL2 and FAL3 loops between Asia and Europe, decreasing its deployed capacity on the trade by approximately 21 percent, according to data from BlueWater Reporting.
The Irish Shipping Company's Container and Terminal Division, which consists of intermodal shipping line Eucon and two container terminals, reported operating profits of 4.1 million euros on revenues of 57.2 million euros for the first half of 2015.