Eilat, a significant port located on Israel’s southern coast along the Red Sea, serves as a vital link between the country and Asia, as well as the Indian Ocean. This connection allows goods to transport without having to transit the tumultuous Suez Canal. Despite experiencing a sharp spike in activity during Q4 2022 that saw […]
View PostAir Freight v Sea Freight
Attention all Asia-to-Europe ocean-freight customers! You may have noticed the surge and subsequent disruptions in our operations, but have you considered the potential benefits of converting to International airfreight or Domestic Air Freight? This alternative is seeing a significant increase in business due to its reliability amidst the uncertainty of ocean shipments. This has led […]
View PostRED SEA DIVERSIONS CAUSE COST OF SHIPPING TO RISE
The Ripple Effect of Red Sea Turmoil on Australian Trade In the shadow of Yemen’s mountains, a series of maritime disruptions has unfolded, reaching far beyond the immediate conflict zone to touch the shores of Australia, some 11,000 km away. Since November, the strategic waters of the Red Sea, a critical artery for global trade, […]
View PostCONTAINER SHIPPING COMPANIES POSITIVE OUTLOOK
Hapag-Lloyd’s CEO Projects Optimistic Trade Outlook for Late 2024 Hapag-Lloyd, one of the world’s top ocean carriers immersed in the bustling maritime industry, has recently voiced a more positive forecast for global trade come the latter half of 2024. This optimistic perspective arises from direct discussions with clientele and fellow logistics entities, Rolf Habben Jansen, […]
View PostShipping Container Leasing Rates Rise
Shipping Container Leasing Rates Rise The maritime shipping industry worldwide has seen a notable increase in rates recently, primarily due to the issues in the Red Sea. Up to three months into the crisis, China-US trade route’s container leasing costs have skyrocketed, escalating by an incredible 223%—a threefold increase—compared to pre-crisis levels. Furthermore, container demand […]
View PostSupreme Court Clarifies War Risk Provisions
The Supreme Court recently issued a landmark decision that provides clearer guidance on the interpretation of war risk clauses in charterparty agreements. The ruling has significant implications for the shipping industry, particularly regarding the allocation of risks associated with maritime conflicts and hostilities. Background Charterparties are contracts by which a shipowner agrees to rent out […]
View PostUPDATE ON THE RED SEA SHIPPING CRISES
The Red Sea shipping crisis, stemming from Houthi rebel attacks on cargo ships and tankers, is forcing hundreds of vessels to reroute around southern Africa and avoid the vital Suez Canal. Vessels from Australia’s major ports of Sydney, Melbourne, Brisbane, Perth and Adelaide have already started the detour. This detour amplifies each journey by 4,000 […]
View PostContainer Shipping and Logistics
• – Container shipping has transformed global trade by making it more efficient, cost-effective and interconnected. The largest container ship can carry over 24,000 containers. Containers are commonly used to ship goods internationally due to their suitability for multimodal transport between ships, trucks and other modes. Ship capacity is measured in TEUs (twenty-foot equivalent units) […]
View PostMiddle East Shipping Disruptions
Don’t forget to also consider the impact of political and economic factors on international container shipping rates in 2024. The shipping industry is heavily influenced by trade policies, tariffs, and economic stability of countries involved in global trade and global trade lanes. With potential changes in leadership and shifts in global power dynamics and war/unrest […]
View PostInternational Shipping Charges to Increase
17 Jan, 2024• – Shipping companies were forced to reroute around the Cape of Good Hope due to attacks on vessels transiting the Red Sea by Yemen-based Houthis, leading to higher ocean freight rates. US owned vessel Gibraltar Eagle was recently struck by Houthi militants, according to the US Central Command. The disruptions are reversing […]
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