After coalition forces pounded Houthi targets questions are being asked as to whether this action itself constitutes an escalation of what started as a localised conflict in Gaza and Israel, into one with far wider implications for international...
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Shipping companies have placed significant orders for containers in recent months as Red Sea attacks effectively soak up box capacity.
![An overhead shot of containerships in port]( "An overhead shot of containerships in port")
Spot container freight rates jumped another 15 – 16% over the last week as shippers continue to react to disruption caused to shipping by attacks in the Red Sea.
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The US and UK have launched strikes against Houthi targets in Yemen to disrupt and degrade the capabilities of rebels to attack shipping in the Red Sea and protect global trade.
Demand for newbuilding slots remained robust in 2023 with Chinese shipbuilders now the dominant force. What does 2024 hold for the sector?
As the Panama Canal’s climate and water woes continue Maersk is switching to use a land bridge for an Oceania – Americas service which will be split in two.
Dealing with supply chain disruption was brough sharply into focus during the pandemic and shipping lines and their customers faced many operational challenges.
An apparently indiscriminate attack on commercial shipping lanes in the Red Sea was carried out on January 9 and thwarted by US and UK naval assets.
Container spot freight rates between Asia and Europe jumped 60% in the space of two weeks and there have even been sharp increases on trades such as Asia – US West Coast which are not directly affected by the Red Sea crisis.
