How shipping containers can make or break the global economy
Global trade requires shipping containers. China is responsible for over 95% of shipping-container production, potentially making U.S. businesses vulnerable.
Source: nbcnewyork.com
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EU launches Red Sea mission as US ship attacked twice
Europe to ensure freedom of navigation in Red Sea, working alongside global partners
Source: gulfnews.com
Shipping costs fall despite Red Sea and Panama Canal disruptions
Carriers are figuring out how to reduce risk and deal with disruptions caused by the Houthis' attacks and low water levels in shipping lanes.
Source: marketplace.org
Red Sea woes will not resolve box shipping overcapacity
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
Source: lloydslist.com
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.
Source: yahoo.com