In recent months, the container shipping industry has encountered a perfect storm of challenges, resulting in significant disruptions and increased costs for shippers worldwide. A confluence of factors, including ongoing Red Sea diversions, Asian port congestion, and sudden demand spikes, has created a volatile environment reminiscent of the tumultuous period experienced during the pandemic.... Read more »
The recent escalation of tension in the Red Sea has sent shockwaves through the global shipping industry, compelling major players to reassess their routes and operations. The crisis, primarily fueled by Houthi rebel attacks in Yemen’s lower Red Sea, has led to a significant impact on shipping lines to both the East and West Coasts.... Read more »
