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NCFI Shows Diverging Trends as Middle East Rates Surge
The latest update of the Ningbo Containerised Freight Index (NCFI), released by the Ningbo Shipping Exchange, reveals notable divergence across major trade lanes, with...
Merchant Vessel Beats Back Pirate Raid Amid Red Sea Revival
A merchant vessel successfully thwarted a coordinated pirate attack in the Bab-el-Mandeb Strait early Friday morning, underscoring the persistent volatility in one of the...
Fire Incident at Manila North Harbor Prompts Investigation and Safety Review
Fire reaches second-alarm status, requiring a major response.
Authorities contain damage to the lower decks after hours of firefighting.
An investigation is underway,...
War Risk Premiums Shift: Red Sea Rates Drop While Black Sea...
War risk premiums for vessels sailing through the Red Sea have fallen sharply following the recent ceasefire and decline in Houthi attacks.
In...
Container Shipping Faces Year-End Pressure as Demand Softens and Disruptions Rise
Blank sailings surge with 64 cancellations across five weeks.
Spot rates jump, but sustainability remains uncertain.
Severe storms disrupt Asian terminals and delay...
EU Moves to Permanently End Russian Gas and Oil Imports by...
The European Union will effectively and permanently stop the import of Russian gas and move towards the phaseout of Russian oil under the provisional...
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