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01/122024
Maersk warns: Red Sea sh...
Vincent Clerc, chief executive of shipping giant Maersk, has warned that reopening the crucial Red Sea trade route could take months, which could bring economic and inflationary shocks to the global economy, businesses and consumers.
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01/112024
Sudden! Houthi launches ...
Tensions in the Red Sea escalate again! The Houthi armed forces suddenly stepped up their attacks on merchant ships in the Red Sea on the 9th. In the waters near the Yemeni port cities of Hodeidah and Muha, they launched drones and missiles at ships on the Red Sea. A merchant ship was attacked. A U.S. national security official said: "This is the largest attack by the Houthis on commercial shipping to date."
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01/102024
National strike! Maersk ...
The latest news is that German farmers, train drivers, and public transportation will hold a nationwide strike, which may paralyze national road and rail transportation. The German economy is already in trouble, and cargo disruptions may make matters worse.
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01/092024
Red Sea sailing welcomes...
According to Yemeni media reports, the senior leader of the Houthi armed forces, Mohammed Ali Houthi, issued a statement on January 7 stating that as long as ships passing through the Red Sea declare "no relationship with Israel," they will not be attacked.
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01/082024
The Red Sea is blocked, ...
Due to the impact of the crisis in the Red Sea waterway, global shipping giants Maersk, Heberod, Mediterranean Shipping, etc., have adjusted their routes to avoid the Red Sea, resulting in extended sailing time, reduced shipping capacity, and triggered a sharp rise in shipping prices. Faced with this situation, some cargo owners began to consider China-Europe freight trains or China-Europe cross-border road transport as an alternative.
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01/052024
"Ultimatum"! The US-led ...
A group of 12 countries, led by the US, issued an ultimatum to the Houthis in Yemen on Wednesday, warning that they would be held responsible for the consequences unless they immediately stop their attacks at sea, AP reported. The Biden administration reportedly described the announcement as an "ultimatum."
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01/042024
Burst! A CMA CGM contain...
On Wednesday, the Houthis issued a statement claiming responsibility for the latest attack on a merchant ship in the Red Sea, as a stark reminder of the threat posed to a vital artery of global trade. This is the 24th attack on a merchant ship in the Red Sea since November 19.
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01/032024
Freight rate increase 10...
On December 29, the latest Shanghai container freight Index rose 40.21%, of which, the European and Mediterranean routes increased the most, rising by 7-80% in a short week, and doubled in a month (freight prices soared!). Freight rates in Europe are up 80%! The US East US West rose by 2-40%).
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01/022024
Shipping giant Maersk ha...
Less than a week after the planned return of some ships to the Red Sea, global shipping giant Maersk has announced another 48-hour suspension.
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12/292023
Cma CGM will surpass MSC...
According to Alphaliner, CMA CGM is about to overtake MSC as the largest operator in the Mediterranean region.
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