Global trade disruptions

Freight Rates Down By 90% As Global Trade Falls Off Fast

Credits: Andy Li/ Unsplash
  • Prices in the ocean freight contract market posted a record monthly drop in November.
  • Central banks around the world are fighting inflation by raising interest rates and cooling demand, but that can quickly turn into a recession.
  • While November could represent the low point, logistics firms are warning of an all-out price war in 2023 with too many ocean vessels.

Logistics managers are sending the message to clients that the ocean freight market is correcting itself at...

https://mfame.guru/freight-rates-down-by-90-as-global-trade-falls-off-fast/

Enquiry Launched for Suez Canal Incident

Experts have boarded the container ship Ever Given, which was dislodged on Monday six days after it got stuck in the Suez Canal, seeking to investigate what caused the grounding that shook the global shipping industry, reports Arab News.

More than 100 vessels pass through!

The Ever Given was safely anchored on Tuesday in the Great Bitter Lake, a wide stretch of water halfway between the north and south ends of the canal, after salvage teams finally freed the giant vessel on Monday afternoon. The...

https://mfame.guru/enquiry-launched-for-suez-canal-incident/

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