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Businesses will also be looking at ways to navigate changing consumer demands & rising insurance premiums.

Ocean container shipping freight rates spiked more than 70% during the first term of Donald Trump (2017-21).

Freight rates from Shanghai to Genoa zoomed 21% to $4,399/FEU and from Shanghai to Rotterdam surged 16% to $3,954/FEU.

Last time Trump ramped up tariffs on Chinese imports, container shipping freight rates spiked more than 70%.

"The lights are flashing red on the geo-political dashboard and it would be foolish to ignore them."

2024 has been a year characterised by shippers’ extensive frontloading and ensure enough goods were on inventory.

Model leverages 500+ million data points, combined with 20+ parameters such as fleet data & macroeconomic factors.

Deal to help shippers, freight forwarders and carriers to correlate transit times directly with rate fluctuations.

ILA and USMX have only 100 days to reach an agreement on automation.

"Consequences will be severe, not only through congestion at U.S. ports but ships will be delayed for the next voyage."

Xeneta Shipping Index (XSI) reached 151.5 points in July, a MoM increase of 2.5%

"It is also a case that the lower end of spot market will eventually increase as an overall market spike progresses."