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Shippers warned to press pause on contract negotiations

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

Is the Red Sea effect on container shipping being overblown? | Hellenic Shipping News Worldwide

Red Sea shipping diversions expected to continue for first half of 2024

Is the Red Sea effect on container shipping being overblown?

Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry. The post Is the Red Sea effect on container shipping being overblown? appeared first on FreightWaves.

Houthi Shooties Forcing Darn Near Everyone to Take the Long Way Home

It’s hard to see how much longer this can last without a significant effect on the global economy. Oddly enough, it’s #Bidenomics, inflation, and a uniformly shaky world financial situatio...

Weekly Commentary: Pricing 6 Cuts (And Counting)

Middle East crisis update: Senior Hezbollah commander killed

Hezbollah said a senior commander was killed in south Lebanon, amid rising concerns the war between Israel and Hamas will escalate.

Shipping shows signs of panic as Houthis menace key trade lane

Iran-backed Houti militants in Yemen have been firing drones and missiles at ships passing by the countrys waters, roiling global trade.

OOIL revenue sinks 60pc amid Red Sea crisis

Staff reporter and agencies Revenue of Orient Overseas (International) (0316) slumped 60 percent last year and is set to face a further crun...

Red Sea Attacks: Shipping Shows Panic as Houthis Menace Key Trade Lane