Two Canals, Two Big Problems—One Global Shipping Mess
Drought in Panama and Houthi attacks in the Red Sea are delaying deliveries and pushing up costs.
Source: livemint.com
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The fine art of capturing the lesser spotted freight rate increase
Container lines and their clients are engaging in their annual pre-contract rate dance, aided, to a certain degree, by analysts’ forecasts
Source: seatrade-maritime.com
Red Sea crisis: How global trade is being upended by attacks on container ships
Attacks on container ships in the Red Sea have wreaked havoc on one of the world’s most important trade routes, increasing shipping costs and raising inflation fears. Here’s what you need to know.
Source: cnn.com
Red Sea crisis impact on box rates more rapid than Covid-19
Red Sea crisis impact on box rates more rapid than Covid-19
Source: freshplaza.com
Red Sea supply chain inflation may be peaking already, new trade data suggests
Shippers around the world are pushing back on increases from ocean carriers diverting from the Suez Canal, but for U.S.-bound cargo, costs are still rising.
Source: nbclosangeles.com