Red Sea crisis expanding and growing
After the longest period of attack-free shipping in the Red Sea since December, the situation in the region is escalating, with an increase in Houthi attacks, fears that the ‘danger area’ may be expanding into the Arabian Sea and Indian Ocean and an Iranian vessel hijack off the Gulf of Oman....
Read more Red Sea Crisis insurance withdrawals – fact or fiction?
In addition to fast-rising ocean freight rates and extended transit times, as the container shipping lines divert around Africa, shippers have been struggling to understand what (if any) insurance is in place, with insurance companies massively increasing war risk premiums and no longer willing t...
Read more The Gemini Cooperation
On the 17th January 2024, the 33rd day of the Red Sea crisis, Maersk and Hapag-Lloyd announced that they were forming a new shipping alliance - The Gemini Cooperation - in a major shake-up to the container shipping market on the East-West trade lanes.
Industry analysts have been predicting tha...
Read more Economic impact of Suez Canal diversions
For the UK and Europe fears are growing that any prolonged denial of access to the Suez Canal could impact faltering economies and derail plans to start cutting interest rates later this year.
Despite the confidence of European and UK central banks, uncertainties about the Red Sea crisis' impa...
Read more Red Sea Crisis; Situation Report, Wednesday 17th Jan
Despite coalition military action, Houthi rebels continue to attack commercial shipping and with container shipping line’ schedules showing Cape of Good Hope routing for vessels into early February and beyond, it is clear that they do not expect short-term access through the Suez Canal and Red ...
Read more July UK border changes from the EU
On the 1st July 2022, previously deferred UK border controls on the importing of animal health products and Safety and Security declarations, will come into force.
From 1st July 2022, you will need to provide safety and security information about goods you are bringing into Great Britain from ...
Read more The challenge of shipping chemical cargo around the world
The challenges of finding tank containers and getting them booked for vessel loading at origin have been growing, making the transport of dangerous and complex goods more and more difficult.
Widespread disruption and delays in the global ocean supply chain have cut available transport capacity...
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