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SHIPPING: Asia-US container rates tick lower; shippers frontloading cargoes on tariff pause

Rates for shipping containers from Asia to the US ticked lower this week, although they could see upward pressure from shippers pulling forward volumes ahead of the 30-day tariff freeze, while rates for liquid chemical tankers held steady. Global average rates fell by 3%, according to supply chain advisors Drewry and as shown in the …

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Navigating the future of shipping – the vital role of strategic partnerships in the Greek market

Greece is one of the maritime industry’s global powerhouses. Greek shipowners control over 20% of the global fleet and account for 60% of the EU-controlled fleet. The industry’s contribution to the Greek economy makes up 7% of the country’s GDP and while Greek shipping’s enduring influence may be rooted in its historical legacy, its continued …

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Red Sea ransom: How emails power Houthis’ $2 billion piracy operation

The Red Sea, a vital artery for global trade, has become a battleground for modern piracy that blends technology, geopolitics, and commerce. Yemen’s Houthi group has adopted a novel approach to leverage their strategic position, demanding payments from shipping companies for safe passage. This scheme, orchestrated through emails and black-market payment channels, is reshaping maritime …

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