Overall Demand, especially in US container imports has been consistent in line with pre-COVID peak season patterns. The consensus among ocean carriers and ports is that volumes will increase as holiday goods are shipped. This is expected to provide some support to spot rates through early fall. As of September 28, Drewry’s World Container Index…
The Global Shipping Landscape The global container shipping industry, once the backbone of international trade, is currently facing a series of unprecedented challenges. From the ebbs and flows of peak seasons to the fluctuating spot rates, carriers are navigating through choppy waters. This article delves deep into the current state of affairs, drawing insights from…
The U.S. international trade landscape is currently undergoing significant discussions and potential reforms. Two major events have recently been in the spotlight: concerns surrounding cargo clearance in the event of a government shutdown, which fortunately did not materialize, and the ongoing discussions surrounding the renewal of the Generalized System of Preferences (GSP). Cargo Clearance: Preparedness…
Transportation has always been at the forefront of technological innovation. From the invention of the wheel to the development of the steam engine, and now to the age of automation, the way goods are moved has continuously evolved. One of the most promising and transformative advancements in recent years is the rise of unmanned freight…