Simon Heaney News Today

Our main headlines. Dramatic scenes at the california campus after police in los angeles moving to remove pro palestinian protest camp. Dozens of students have been detained after hundreds of officers descended on the camp. Violent protest is not protected. Peaceful processes. Its against the law when violence occurs, destroying property is not a peaceful protest. Its against the law. figs property is not a peaceful protest. Its against the law. Its against the law. As india prepares its agains...

Maersk could continue till the end of the year. It is a big fall from the this time last year. It has raised its expectations for the year. It expects a loss of over 2 billion. That is not as bad as expected. It is now having to sail a longer route. It having to go around africa instead of crossing the red sea. Before the yemeni based militants started to disrupt world trade, a huge amount of the trade was Container Shipping. Letters talk to simon heaney. Thank you for being with us. Remind us h...

Global spot rates soar on major Asia-Europe and Asia-US trades

Freight rate indices are sending mixed messages but most show a steady decline in rates as shippers negotiate annual contracts on the transpacific.

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.

Global trade requires shipping containers. China is responsible for over 95% of shipping-container production, potentially making U.S. businesses vulnerable.

Europe to ensure freedom of navigation in Red Sea, working alongside global partners

Carriers are figuring out how to reduce risk and deal with disruptions caused by the Houthis' attacks and low water levels in shipping lanes.

Capacity soaked up by diversions will ‘barely move the needle’ on supply and demand. As carriers reschedule, supply lines will normalise, putting pressure on freight rates again

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.