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Asia-US container rates slightly lower as capacity tightening slows rate of decrease

Asia-US container rates slightly lower as capacity tightening slows rate of decrease
Rates for shipping containers from east Asia and China to the US edged slightly lower this week as tighter capacity from blanked sailings slowed the rate of decrease. Rates from supply chain advisors Drewry were down by 1% from Shanghai to Los Angeles and essentially...
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US And Israel Military Strikes Against Iran Shatter Prospects Of Return Of Container Shipping To Red Sea

US And Israel Military Strikes Against Iran Shatter Prospects Of Return Of Container Shipping To Red Sea
The US and Israel carried out a joint military operation today, 28 February, targeting sites in Iran. Iran has responded with retaliatory military action. Below is immediate insight from Xeneta Chief Analyst Peter Sand on implications for global ocean container...
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Japanese shipping giants pull back as Strait of Hormuz ’practically closes’

Japanese shipping giants pull back as Strait of Hormuz ’practically closes’
Japanese carriers operating in the Middle East have shifted their operations from “high alert” to a total standstill. On Sunday, Japan’s largest shipping companies announced a formal suspension of operations in the Persian Gulf, citing the rapid military escalation...
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WAF-UKC Suezmax freight hits over three-year high amid soaring VLCC rates

WAF-UKC Suezmax freight hits over three-year high amid soaring VLCC rates
The West African Suezmax segment has seen freight rates reach their highest levels since November 2022, with market sources pointing to support from a historically firm VLCC market, tight tonnage supply, strong demand levels in the Americas and weather-induced delays...
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Escalating Israel–Iran conflict threatens Gulf shipping

Escalating Israel–Iran conflict threatens Gulf shipping
Recent attacks between Israel-US and Iran have significantly heightened tensions, raising concerns about the safety of merchant vessels in and around the Arabian/Persian Gulf and Israeli waters. The situation is evolving rapidly, and there is a growing risk of...
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Harmonized regulation key to unlocking investments in scaling OCCS for maritime decarbonization

Harmonized regulation key to unlocking investments in scaling OCCS for maritime decarbonization
As the International Maritime Organization (IMO) prepares to open discussions at the 12th session of its Sub-Committee on Human Element, Training and Watchkeeping (HTW 12) on fatigue and hours of work and rest, MarinePALS CEO Captain Pradeep Chawla is urging...
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