Container Shipping Rate Increase Fades Quickly as Market Weakness Persists Toward Year-End
As the Christmas season approaches, market sentiment suggests that it is not an ideal time for container shipping companies to raise freight rates. Shipping alliances had originally planned to implement rate hikes on December 1. However, on the afternoon of December 1, an Asian member of a major shipping alliance unexpectedly announced that it would […]
Port of Odessa Suffers Missile Attack: Major Damage and Renewed Concerns Over Black Sea Shipping Safety
On May 23, a major missile strike hit the Port of Odessa—one of the largest ports in the Black Sea region—causing significant damage to vessels, containers, and port infrastructure. According to the Odessa Daily, two ballistic missiles launched by Russian forces struck the HHLA Container Terminal Odessa (CTO), the largest container terminal in Ukraine operated […]
