Starting January 15, 2024, there is an anticipated nearly 15% increase in Suez Canal fees for most types of vessels, excluding container vessels departing from North European ports, which will have some exemptions. According to the Suez Canal Authority (SCA), container vessels, car carriers, chemical, crude, and product tankers, as well as gas carriers, will…
The unexpected warming of the eastern Pacific Ocean, commonly known as the El Niño phenomenon, has joined the constantly increasing list of climate-induced weather events disrupting the global ocean freight shipping industry. Experts in maritime analysis suggest that the emergence of El Niño, a naturally occurring phenomenon that typically recurs every two to seven years,…
Over the last few decades, the Indian Government has undertaken numerous initiatives aimed at bolstering the nation’s logistics infrastructure and enabling greater profitability for both multinationals as well as independent freight forwarders. According to estimates, approximately 14 percent of India’s GDP is allocated to the supply chain and logistics sector, a figure nearly double the…