Image: Maritime and Port Authority (MPA) of Singapore
Approximately 90 percent of container vessels are arriving off-schedule in Singapore due to the ongoing Red Sea crisis.
Key transhipment ports, such as Singapore, are grappling with unprecedented congestion as a result of Red Sea carrier service diversions. These changes have resulted in
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Egypt finds itself grappling with severe economic ramifications as a crucial source of revenue, the Suez Canal, witnesses a drastic decline in traffic. The
Container shipping lines are encountering significant challenges as port congestion and ship shortages persist amidst the ongoing crisis in the Red Sea, which has extended
Image credit: shipacarinc
The recent escalation of attacks by Yemen's Houthi militants on merchant ships at the entrance to the Suez Canal has sent ripples through
Global air freight rates have experienced a notable surge, breaking a seven-week declining trend. This surge is attributed to a combination of factors, primarily the
