Shipping costs are increasing in significant trade routes for the foreseeable future. This trend is expected to persist at least until the Chinese New Year and possibly beyond. To address the rapid rate increases, we have decided to implement an Emergency Cost Recovery Surcharge (ECRS) ...
Second, although the Red Sea crisis also has a certain impact on China's textile and clothing exports to Europe (the routes in Europe and the Middle East have been empty), on the one hand, China Europe trains are more alternative to shipping. The space of China Europe trains has been bo...
In the wake of escalating tensions and security threats in the Red Sea, shipping companies are grappling with critical decisions...
The heightened risks are already reverberating across the industry. Marine insurers in London have declared the southern Red Sea a high-risk zone, prompting shipping companies to obtain additional war risk coverage. Adding to the concerns, four major container shipping companies -- MSC, Maersk, CMA...
Clearer details are emerging over the impact to supply chains after a series of attacks against ships in the Red Sea re-routed services.
Red Sea shipping issues have been the hot topic this quarter for phenol, acetone and their derivatives, with import delays opening up domestic demand opportunities and leading to a firmer price sentiment in some markets. Rising feedstock and sea freight costs are a key area of focus. But these...
What does the Red Sea situation mean for shipping heavy machinery to Australia? The impact of these disruptions on shipping to Australia is dependent on various factors such as the nature of the goods being shipped, the shipping routes, and the shipping companies involved. For the RORO shipping...
BCC trade policy head William Bain said: “This research gives us immediate insight into the impact of Red Sea disruption on UK businesses. “There has been spare capacity in the shipping freight industry to respond to the difficulties, which has bought us some time. And recent Office for Nat...
Fast forward to 2024, and the Red Sea crisis continues to send shockwaves through the intricate web of maritime trade routes, leaving an enduring impact on industries reliant on global shipping. In this blog, we, at Infor Nexus™, a leading authority in maritime shipping, delve into the da...
Meanwhile, the attacks in the area also have a financial impact on shipping, in the sensethat war risk insurance premiums for Red Sea voyages have reportedly increasedafter the multiple attacks. Latest attacks MSC confirmed that on 26 December 2023 the container ship MSC UNITED VIII was attacked...