Ship recycling has fallen to its lowest level in 20 years, per a recent report by the Baltic and International Maritime Council (BIMCO). BIMCO — a trade group representing shipowners — states that capacity has been overtaxed by the Red Sea crisis, which has forced shipping lines to take a longer route around Africa's Cape of Good Hope.
Shipping rates show signs of easing despite Red Sea disruption | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
TOKYO -- While most containerships are making detours around the conflict-affected Red Sea, experts say container freight rates, which had initially soared,…
Ocean Carriers Trends 2024: Unprecedented uncertainty logisticsmgmt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmgmt.com Daily Mail and Mail on Sunday newspapers.
Ocean Carriers Trends 2024: Unprecedented uncertainty logisticsmgmt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmgmt.com Daily Mail and Mail on Sunday newspapers.
With rates plateauing and services being restructured peak disruption from the rerouting of shipping could be nearing an end. Shippers should keep their powder dry until picture becomes clearer