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Tags Red Sea

Tag: Red Sea

Red Sea crisis to prevent freight rates from dropping to 2023 levels, with uncertainty expected post-2025

The Export-Import Bank of Korea's (KEXIM) Economic Research Institute has published a report stating that while container freight rates have come down from the...

Red Sea and Black Sea in the Spotlight

Global supply chains are increasingly vulnerable to geopolitical events, prompting companies to rethink and restructure their operational frameworks and supply chain strategies to enhance...

Gulf ports to keep facing challenges due to Red Sea crisis

A gloomy picture looms on the horizon for the Gulf ports' performance, as the disruptions in the Red Sea continue unabated. Saudi ports experienced a...

Maritime security threats in Red Sea and Gulf of Guinea

The maritime security landscape in the Red Sea and Gulf of Guinea (GoG) is marked by escalating threats and vulnerabilities. Recent Houthi attacks in...

Tanker still on fire days after Houthi onslaught

An oil tanker is still burning six days after being attacked by the Houthis in the Red Sea. The 2006-built Suezmax tanker, Sounion, has become...

Maersk and MSC ships suffer second Houthi attack after two weeks

Houthi rebels made repeat attacks on container ships owned by Maersk and MSC, nearly two weeks after those same vessels were targeted. On 24 April,...

End of Red Sea crisis to reignite container shipping challenges

Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption regresses. Boxship fleet growth is estimated at 9%...

Red Sea challenges lead to boxship drought for recycling yards

The Red Sea crisis and the higher freight and charter rates are discouraging owners from scrapping older boxships, resulting in a dearth of tonnage...

CN analysis: Freight rates on trades out of India on reverse track after Red Sea-driven upswing

Container freight rates on trades out of India have begun to cool after the Red Sea crisis-driven rocketing, according to the latest market analysis...

Box lines’ stock prices fade as Red Sea crisis windfall slows

Stock prices of listed liner operators, which rose at the height of the Red Sea crisis, have corrected in tandem with freight rates, according...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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