While western navies are currently preoccupied with addressing the activities of Houthi militants in the Red Sea, a concerning trend is quietly emerging: Somali pirates are staging a comeback. In a significant incident last December, they successfully hijacked their first ship in six years. Since...
The Indian export landscape is facing a dual challenge, with escalating freight rates and a looming equipment scarcity linked to the recent Red Sea crisis. This shortage of empty containers is becoming increasingly prominent at major container ports and hinterland locations. Particularly affected are the ports...
Recent disruptions in the Red Sea are causing container shortages, leading to reroutings, delays, and cancellations worldwide.There is currently an increasing difficulty of obtaining 40ft and 20ft containers at major Chinese ports. Despite efforts like empty repositioning and leasing last batches of containers, there are...
In a startling development, the Panama Canal is grappling with a severe drought, presenting a myriad of challenges that resonate across the global trade landscape. The decline in water levels, attributed to a historic reduction in rainfall, has profound implications for the canal's operations, with...
As of today, January 10th, 2023, due to adverse weather conditions forecast for today, the Port of Halifax has noted that its pilot and terminal operations may be affected. This follows the most recent snow storm, which is currently affecting many other integral services in...
The U.S.-led coalition in the Red Sea is actively safeguarding international merchant ships from Houthi threats. Despite downing 19 drones and missiles, the Houthis show no signs of relenting. Since December 18, over 1,500 ships have safely transited the Red Sea, protected by a proactive...
Recently, West Coast terminals have experienced a notable increase in dwell time, affecting the efficient flow of goods. The surge is linked to various factors, with Suez Canal re-routings being a major contributor. Dwell time, the duration cargo containers spend at terminals, has risen across...
The Panama Canal, handling $270 billion in global trade annually, is in crisis. Visible signs of a drought include gaunt tree stumps, remnants of a submerged forest, now exposed above the waterline. This critical artery for global commerce, faces unprecedented challenges. The withered tree stumps,...
In recent weeks, the Red Sea has proven to be a challenging environment for Western shipping interests, and the Maersk Hangzhou found itself in the midst of a perilous situation this weekend. Facing multiple threats, the container ship experienced an attack by Houthi-controlled forces, leading...
Yemeni rebels have recently targeted a cargo ship in the Red Sea, marking the latest in a series of attacks in the region. The incident raises concerns about the safety of maritime transportation in the area. To ensure the security of freight shipping customers, it...
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