Overall This week, the Drewry composite index decreased by 2%. Freight rates between various ports have shown diversity; rates from Rotterdam to New York remained stable. Rates from Shanghai to Los Angeles decreased by 5% and Shanghai to New York declined by 1%. The ILA port strike, which began on October 1, 2024, ended after…
As President-elect Donald Trump prepares to take office, his ambitious tariff proposals have raised significant questions about their impact on global trade and the web of supply chains that depend on international commerce. By targeting nations like China, Mexico, and members of the BRICS bloc, Trump is aiming to overhaul trade relationships and his plans…
The International Longshoremen’s Association (ILA), representing approximately 45,000 dockworkers along the East and Gulf Coasts, could strike again in January 2025 posing a significant disruption to U.S. supply chains. This past October, the ILA initiated a three-day strike after the expiration of their contract, primarily due to disputes over wages and the automation of port…