Maersk CEO Clerc acknowledged the complexity of the situation for carriers and businesses reliant on cargo transport Vincent Clerc, the CEO of Maersk, explained that the upcoming months will pose challenges for both carriers and businesses due to the ongoing situation in the Red Sea, which is expected to continue[Read More…]
Tag: Suez Canal
Red Sea crisis spiralling ocean freight rates from Far East to US
The latest data released by Xeneta indicates a peak may have been reached after spot rates from the Far East into the US declined slightly since the last round of General Rate Increases (GRIs) were implemented at the start of February The Red Sea crisis sent ocean freight rates from[Read More…]
Suez Canal Authority and MSC Group discuss developments and situation in Red Sea
The meeting was aimed at discussing ways of cooperation and reviewing the navigation policies of MSC in the Suez Canal The Chairman of the Suez Canal Authority, Admiral Ossama Rabiee, held a video conference meeting with Soren Toft, the CEO of the MSC Group, along with Tarek Fahmy, the Chairman[Read More…]
Red Sea shipping crisis to affect global food prices: UNCTAD
Disruptions in grain shipments from Europe, Russia, and Ukraine pose risks to global food security, affecting consumers and lowering prices paid to producers The United Nations Conference on Trade and Development (UNCTAD) has expressed profound concerns over the escalating disruptions in global trade, particularly stemming geopolitical tensions affecting shipping in[Read More…]
