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Meltdown in the Container Shipping Market Continues

November 8, 2022

Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”

Logistics News

Oman Battles Fire at Salalah Port After Drone Strike

Oman Battles Fire at Salalah Port After Drone Strike

Six Vessels Attacked as War Puts Merchant Ships on Front Lines

Six Vessels Attacked as War Puts Merchant Ships on Front Lines

FMC Issues Warning on Strait of Hormuz Surcharges

FMC Issues Warning on Strait of Hormuz Surcharges

Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War

Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War

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Iranian oil continues to flow through the Strait of Hormuz, even as Gulf neighboring countries' exports are shut
DP World: Jebel Al-Ali port is fully operational; inbound vessel traffic has been reduced
Goldman Sachs delays BoE rate-cut outlook again on energy-driven inflation risks