Shipping

Demand for shipments has risen since Red Sea attacks

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A China-Europe freight train returning from Russia arrives at a railway container freight center on September 20, 2023 in Manzhouli, China. Liu Wenhua | China News Service | Getty Images Shippers are scrambling to find alternative ways to transport goods from China to Europe in light of the disruption caused by attacks on the Red … Read more

Red Sea freight rate inflation may be peaking already

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Camille Delbos/art In All Of Us | Corbis News | Getty Images The sharp, sudden spike in supply chain inflation caused by the Red Sea crisis and ongoing attacks on shipping vessels by Houthi rebels may have peaked on key global trade routes, based on analysis of the latest data from Xeneta, a leading ocean … Read more

World’s No. 1 shipper pleads with Congress to help end Houthi ‘chaos’

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A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023.  Fareed Kotb | Anadolu | Getty Images The world’s largest shipping company, MSC, and several retail and trade experts warned Congress on Tuesday that if the Red Sea chaos caused by Houthi rebel attacks … Read more

Red Sea crisis already bigger issue for shipping than Covid, data show

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Containers are piled up in Lisbon, Portugal, on January 13, 2024. Recent U.S. and UK air strikes on Yemen are causing global shipping rates to spike, sparking fears of extended disruptions in the Red Sea, a crucial trade route. The strikes are a response to attacks on the Red Sea, adding complexity to the regional … Read more

Weak demand leads to China-US freight rate cuts despite Red Sea crisis

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Cargo ships dock at the Longtan Container Terminal of Nanjing Port to load and unload containers in Nanjing, Jiangsu province, China, Sept 6, 2023. Nurphoto | Nurphoto | Getty Images A slowdown in demand for products manufactured in Asia has ocean carriers reducing freight rates on shipping routes from China to the West Coast and … Read more

Panama Canal drought moves Maersk to start using land bridge for cargo

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View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one of the main lakes that supplies water to the locks of the Panama Canal and is at its lowest level of recent years. Luis Acosta … Read more