The Houthis began attacking commercial vessels in the Red Sea after Israel launched a campaign against Hamas in the Gaza Strip, disrupting global shipping routes.
A port operating at 90% of capacity generates a lot of inefficiencies, with increased dwell times that can quickly create delays further down the supply chain.
Robert Peek, chief commercial officer of the Jacksonville Port Authority, discusses how the new container carrier alignments will impact service quality and port activity on the U.S. East Coast.
The USTR’s newly proposed rule is more targeted in its application and timeline than earlier proposals. The possibility for cost impacts on the U.S. trades is nonetheless real.
The USTR also has yet to provide details who would be collecting the fees, or how the money would be directed back into U.S. shipbuilding, said World Shipping Council CEO Joe Kramek.
Henry Wilkinson, chief intelligence officer with Dragonfly Intelligence, describes the current threats to global shipping and aviation posted by geopolitical conflicts.
China's UN Ambassador Fu Cong said all parties should restrain "the impulse of force... and adding fuel to the fire," according to a state-run CCTV report.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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