Container ship and ro-ro operators are taking action in response to attacks by Houthi militants in the Red Sea, with many services now rerouted around the Cape of Good Hope
Diverting cargo around the Cape of Good Hope is estimated to extend transit times by a minimum of seven to ten days which is pushing up ocean spot rates on the Asia to North Europe and Mediterranean trade lanes to levels not seen in more than a year
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State-owned Russian Railways says its expects cargo flows to rise by 30-40% this year against last year’s volumes, based on a healthy Q1
Deep-sea vessel operators are facing attacks when transiting the Middle East and Africa but Inchape Shipping Services and Ambrey have recently provided advice in their Global Shipping Report
Global maritime shipping giants Maersk and Hapag-Lloyd are forming a new operational partnership called Gemini Cooperation to offer a more reliable global ocean container service.
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