Overall This week, the Drewry composite index experienced a 4% increase, yet it has registered a 256% increase compared to the same period last year. Additionally, the average index for the year-to-date significantly exceeds the 10-year average, highlighting the lasting impact of the exceptional conditions during the 2020-2022 period. Freight rates between various ports have…
Shipping is a massive industry, it’s global, and it’s absolutely essential. Without it, the world grinds to a halt. But, there’s a catch—it’s also a significant contributor to global carbon emissions. Logistics companies, from ocean liners to air freight giants, are now on a mission to become greener. They’re investing in everything from alternative fuels…
Imagine, you’re a small business owner who’s just landed a massive order for your custom-designed 4th of July t-shirts. Congratulations—you’re thrilled, and the production line is buzzing. But then, a grim reality check arrives as the cost to ship your goods across the ocean has doubled since your big order just last month. What’s going…