As long as they are able to obtain premium rates, ocean carriers could decide to increase the service speed of their ships on the Asia-North Europe trade lane to mitigate the impact of Suez Canal diversions.
Red Sea CrisisWith the Red Sea crisis unlikely to be resolved any time soon, shipping alliance members are busy recalibrating their networks to factor in the longer transit times of rerouting loop vessels around the Cape of Good Hope Moreover, in the process, the lines are consulting with...
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