In a dramatic turn of events that has sent shockwaves through the global supply chain, tensions in the Middle East are causing container shipping rates to soar. This development has logistics professionals, shipping industry stakeholders, and global trade analysts on high alert as they scramble to assess the impact on international trade and transportation. Conflict […]

The global shipping industry is a vital force driving international trade and economic growth, ensuring the movement of goods across nearly every country. Without this industry, efficient global trade would be unthinkable. Although the COVID-19 pandemic severely impacted supply chains and shipping lines in 2020, the industry has shown signs of recovery, with many companies […]

Eilat, a significant port located on Israel’s southern coast along the Red Sea, serves as a vital link between the country and Asia, as well as the Indian Ocean. This connection allows goods to transport without having to transit the tumultuous Suez Canal. Despite experiencing a sharp spike in activity during Q4 2022 that saw […]

Attention all Asia-to-Europe ocean-freight customers! You may have noticed the surge and subsequent disruptions in our operations, but have you considered the potential benefits of converting to International airfreight or Domestic Air Freight? This alternative is seeing a significant increase in business due to its reliability amidst the uncertainty of ocean shipments. This has led […]

The Ripple Effect of Red Sea Turmoil on Australian Trade In the shadow of Yemen’s mountains, a series of maritime disruptions has unfolded, reaching far beyond the immediate conflict zone to touch the shores of Australia, some 11,000 km away. Since November, the strategic waters of the Red Sea, a critical artery for global trade, […]

Shipping Container Leasing Rates Rise The maritime shipping industry worldwide has seen a notable increase in rates recently, primarily due to the issues in the Red Sea. Up to three months into the crisis, China-US trade route’s container leasing costs have skyrocketed, escalating by an incredible 223%—a threefold increase—compared to pre-crisis levels. Furthermore, container demand […]

The Supreme Court recently issued a landmark decision that provides clearer guidance on the interpretation of war risk clauses in charterparty agreements. The ruling has significant implications for the shipping industry, particularly regarding the allocation of risks associated with maritime conflicts and hostilities. Background Charterparties are contracts by which a shipowner agrees to rent out […]

The Red Sea shipping crisis, stemming from Houthi rebel attacks on cargo ships and tankers, is forcing hundreds of vessels to reroute around southern Africa and avoid the vital Suez Canal. Vessels from Australia’s major ports of Sydney, Melbourne, Brisbane, Perth and Adelaide have already started the detour. This detour amplifies each journey by 4,000 […]

• – Container shipping has transformed global trade by making it more efficient, cost-effective and interconnected. The largest container ship can carry over 24,000 containers. Containers are commonly used to ship goods internationally due to their suitability for multimodal transport between ships, trucks and other modes. Ship capacity is measured in TEUs (twenty-foot equivalent units) […]