Global shipping costs to remain high amid tariff threats, Red Sea challenges
KUALA LUMPUR : Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry,
Yemeni forces unveil advanced home-grown autonomous underwater vehicle
SANA’A : Yemeni Armed Forces have unveiled a new domestically-developed autonomous underwater vehicle (AUV), which is expected to enhance the combat capabilities of Yemen’s maritime units in the Red Sea
Carbon emissions in ocean container shipping hits record high
OSLO : The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains resulted in record high carbon emissions
High freight rates strain global supply chains, threaten vulnerable economies : UNCTAD
GENEVA : Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising operational costs. The strain on supply
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling
LOS ANGELES : Record imports over the last several months at West Coast ports, driven by the recent US East Coast and Gulf Coast strike diversions and ongoing
Middle East crisis : Amid supply chain stress, India looks to augment shipping fleet, container manu
DUBAI : The World Bank’s trade watch report, released earlier this week, stated that global supply chain stress remained elevated through September 2024, amid disruptions in West Asia,
Red Sea shipping crisis : Oil flows through Bab el-Mandeb Plummets by over half in 2024
DUBAI : The flow of crude oil and oil products through the strategic Bab el-Mandeb Strait has plummeted by over 50% in the first eight months of 2024,
German shipping companies warn a Trump presidency would hurt business
HAMBURG : A potential re-election of Donald Trump as US president would pose challenges for the German shipping industry, according to a study by auditing firm PwC seen
Freigt rates surge in FEU and TEU container market spreads key considerations for shippers
OSLO : Spiralling ocean container shipping freight rates dominate discussion in the wake of major events such as the Red Sea conflict – but beneath these easy-to-observe headline
Red Sea crisis to slow Penang Port’s cargo growth in 2024 after expanding 11pct in 2023
PENANG : Growth of container throughput at Penang Port may be slower than expected this year amid declining global shipping due to the Red Sea crisis. Penang Port