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Shipping Capacity Plummets by 57%! Industrial, Automotive, and Food Supply Disrupted!
2024-01-26 17:05
Ongoing conflicts in the Middle East have led to a significant drop in shipping capacity, affecting industries worldwide. Houthi militia attacks in the Red Sea have forced shipping companies to suspen...
Tight Capacity, A Shortage of Empty Containers! Freight rates are expected to reach their peak in the next four weeks.
2024-01-18 00:18
In the midst of the turbulent situation in the Red Sea region and the ripple effects of issues such as vessel rerouting, delays, and cancellations, the shipping industry is beginning to feel the impac...
Sofar Ocean's superior weather forecasts minimize voyage costs.
2023-11-30 15:18
The efficiency of a vessel's voyage depends on the type of ocean weather it encounters. Waves, wind, and currents create resistance that a ship must overcome by consuming more fuel. This reduction in ...
The Panama Canal water level will shrink further
2023-11-30 15:05
In order to mitigate the impact of severe drought, the Panama Canal Authority (ACP) recently updated its shipping restriction order. The number of daily ships passing through this major global maritim...
The shipping market is experiencing a shortage of space on many routes!
2023-11-30 14:59
Shipping companies' reduction in shipping capacity is effectiveMany freight forwarders said that although there are many routes with full capacity, this is basically the reason why liner companies hav...
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