Red Sea crisis : ONE delays restart of Asia – US East Coast Service
SINGAPORE : Ocean Network Express (ONE) has postponed the reinstatement of its East Coast 4 (EC4) service connecting Asia and the US East Coast due to the continued threat from Houthi militiants in the
Red Sea crisis nears boiling point, unable to heat up spot rates
YEMEN : Russian warships entered the Red Sea last Thursday, for what the Russian Pacific Fleet’s press service has stated was the performance of “assigned tasks within the framework of the long-range sea campaign.”
Red Sea crisis end to reignite container shipping challenges
LONDON : Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption comes to an end. Boxship fleet growth is estimated at 9% this year, outpacing
Philippines eyes stronger maritime ties with India
MANILA / NEW DELHI : The Philippines is seeking stronger maritime security cooperation with India to ensure the safety of seafarers from both nations as the world’s oceans are becoming more dangerous for commercial
The new corridors of global trade : UNCTAD
GENEVA : Recent crises have shifted global trade routes. Trade facilitation tools and digitalisation are needed more than ever to facilitate the flow of goods. Geopolitical developments over the past few years have redefined
Red Sea crisis : Asia, Africa, Europe to face most disruption, says GTRI
ATLANTA : The Red Sea crisis is expected to adversely impact trade volumes in a substantial way in 2024, said a report by GTRI, adding that rising shipping, and insurance costs, delayed arrival of
Maersk will avoid Red Sea despite EU security operation
COPENHAGEN : Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by the European Union to increase safety
Red Sea crisis spurs demand for rail transport through Russia from Asia to Europe
MOSCOW : Logistics companies and rail operators have reported a surge in demand for rail transport through Russia from Asia to Europe, following the disruption to sea lanes caused by the recent Houthi attacks