Comment / OceanX: BRICS-11 – trade & shipping in a multipolar world

ID 34698218 © Yurolaitsalbert | Dreamstime.com

29/08/2023

We had it all last week: India’s moon landing, BRICS growing at a fast speed and a dirty water debate in the pacific, all while volume reports in container shipping keep pointing to downturn lows and rates are again under pressure.

New order

There has been a lot of writing on the BRICS summit in Johannesburg creating a new world order, rather than echoing how de-dollarisation might accelerate. With the consortium likely encompassing 11 members from early 2024*, let’s briefly assess ...

Comment on this article

You must be logged in to post a comment.

Topics

OceanX radar

Most read news

CMA CGM South Korean staff strike over bonuses after bumper 2024 profit

MSC switches two more Asia-Europe port calls from congested Antwerp

Ports and supply chain operators weigh in on funding for CPB

Nightmare for Bangladeshi exporters as congestion and tariffs bite

Carriers introduce surcharges as congestion builds at African ports

Box ship overcapacity threat from carrier appetite for new tonnage

CMA airline returns two freighters, while ANA takeover of NCA looms

Tradelanes: Export boom in Indian sub-continent triggers rise in airfreight rates

DHL Global Forwarding – changing of the guard with Tim Scharwath set to exit

Tradelanes: Overcapacity on Asia-S America impacting alliances and rates

Trading tensions with the US may push Brazil closer to China

Don't rely on social media for tariff clarity, shippers warned

What the US can learn from Brexit as it cuts de minimis exemption

Rising number of empty US warehouses no harbinger of falling rates

Front-loading frenzy has made traditional H2 peak season 'unlikely'

Front-loading flurry leads to a record month at US west coast port