Overall Freight demand has increase slightly over the past month. The consensus among ocean carriers and ports is that there will be a moderate increase in peak-season volumes as holiday goods are shipped. This is expected to provide some support to spot rates through summer and early fall. As of July 27, Drewry’s composite World…
The global shipping industry has long been a significant contributor to greenhouse gas emissions, responsible for nearly 3% of the world’s total emissions, and equivalent to roughly one billion tonnes of greenhouse gases annually. At a recent UN summit, countries took a significant step towards addressing this issue by committing to achieve net-zero shipping emissions…
After over five years of enduring Section 301 tariffs on a vast array of imports from China, importers may finally see some relief in the coming months. Initially set to expire in the summer of 2022, the tariffs’ continuation was requested by numerous entities, leading the Office of the U.S. Trade Representative (USTR) to initiate…