The move follows Frontline’s decision to withdraw merger plans after opposition from one of Belgium’s oldest shipping families.

Looking at the year to come and beyond, here are the top four logistics industry predictions for 2023.

U.S. inbound container volumes fell in December to close to pre-pandemic levels, as forecasts point to deeper declines in the coming months.

The visit demonstrates the difficulty for the U.S. and its allies of enforcing sanctions against Moscow.

While Europe has so far made it through an unprecedented energy crisis that has fueled inflation, much of the winter remains.

The incident involving the 225-metre Marshall Islands-registered M/V Glory had sparked fears of a repeat of a blockage in 2021.

The Philippines is seeking loans from Beijing for infrastructure projects and Marcos has called China the country’s strongest partner in pandemic recovery.

Berlin fast-tracked its first LNG import terminals by renting five floating storage and re-gasification units.

Two years of logistics logjams have burdened ocean shippers with costly increases in demurrage, detention and storage fees.

At least 12 of the 13 Protection and Indemnity (P&I) clubs — which cover 90% of the world’s ocean-going ships, including those from the U.K. and the U.S. — said they would no longer be able to provide coverage.