DSV, Mærsk, DP-DHL & Kuehne – 'top-down' fear strikes back
Dante is in the room, he wouldn’t shut up
A renewed fall in oil prices is good news for the balance sheets of shipping companies and airlines, but a plunge in the value of the black stuff is a serious problem for the economies of oil producing economies and ultimately their consumers who will no longer be able to afford non-essential imports.
In this update from Ship&Bunker it seems that OPEC is still unwilling to cut production to ease the glut of oil that is driving down prices of the commodity. The news service quotes one OPEC delegate who optimistically said: “Oil prices will remain volatile…but they will recover.”
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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During August 2023, please contact
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Alessandro Pasetti
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