A new report from the World Shipping Council (WSC) reveals that the number of containers lost at sea hit an all-time low in 2023.According to the Council’s annual report, only 221 out of the...
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Climate Change and Red Sea Turmoil to Boost Arctic Shipping
The waters of Russia’s Northern Sea Route – a seasonal shortcut between Europe and Asia – look set to welcome record-level transit traffic this summer. The route’s administrator Rosatom has...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge
Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters...
Russia’s Seaborne Crude Exports Surge to the Highest This Year
Russia’s seaborne crude exports jumped in the final week of March to the highest so far this year, even as average shipments in the first quarter were close to the level pledged by Russia...
Soaring Container Imports from China to Mexico Sparks Speculation of a ‘Backdoor’ into U.S.
A staggering 60% year-on-year increase in container shipping imports from China into Mexico in January 2024 is triggering suspicions of Mexico turning into a ‘backdoor entry into the US,’ according...