Prime trade associations globally are rallying for increased international support in Red Sea naval security endeavors. This plea, issued via an open letter, has been signed by top-tier trade organizations in the US such as the American Apparel and Footwear Association and the National Retail Federation. At the moment, the main defense effort shielding merchant […]

The Transpacific container trades are witnessing a positive uptick in spot rates due to a powerful combination of robust demand and meticulous capacity management, perfectly timed for the contract season. The Drewry World Container Index, an every-Thursday representation of spot rates across eight East-West container trades, reveals a three-week decline in freight rates from Asia […]

The recent crisis in the Red Sea, where attacks on container vessels continue to prompt significant disruption in global trade routes, has led to a dire prediction from shipping giant Maersk: This tumultuous situation might persist for up to a year. On January 27, 2024, the tanker Marlin Luanda was set ablaze after an assault […]