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Spot rates to reach level we haven’t seen since 2022 when Covid-19 pandemic was still wreaking chaos: Peter Sand, Xeneta

Maersk Hangzhou was attacked multiple times by Houthis in the Red Sea last week

"Operation Prosperity Guardian set up & deployed to allow maritime commerce to pass through Red Sea/Gulf of Aden"

After Panama Canal shock, the terror attacks on container ships can disrupt supply chain in 2024

"Businesses who locked into long-term contracts at lower end of 2023 prices could be first to suffer if market turns"

Carriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant

After controlling 35% capacity, the 2M alliance partners will now fight for market share and the same set of customers

43% Xeneta customers anticipate disruption but no major issue even if carriers blank 50% of all scheduled sailings.

JNPT has chalked out a standard operating procedure for an interim period for handling EXIM containers at JNPCT.

As the average length of journey increases, partly due to port congestion in China, soaking up capacity and pushing up spot rates, shipowners will...