OX: UK tour thoughts; Suez update; and more tariffs
And here’s the current narrative
Welcome to June, with India and South Africa holding elections – two of the many polls this year. While India looks likely to continue on its path under the leadership of Narendra Modi, South Africa becomes a bit messier as the ANC needs to find a coalition partner.
Let’s hope that as a result, the African country gets electricity and their ports in order, finally.
Keep that in mind.
Some positive news from elsewhere: the IMF has upgraded China’s outlook ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Looks like 'an early peak season', but is it the peak of spot rate pricing?
Flood of ecommerce will provoke airfreight peak season capacity crunch
More ships and more containers needed for 'feverish' box shipping sector
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