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Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
The two waterways, separated by the Bab-el-Mandeb strait, are critical to international shipping routes. The last round of strikes occurred on February 24, as the US and UK targeted Houthi weapons ...
China's defense minister on Sunday acknowledged the importance of newly renewed military-to-military communications with the United States as tensions escalate in the Asia-Pacific, while at the ...
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
Finance. Yahoo! Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management. In addition to posting paid partner content from other web sites ...
Maersk and CMA CGM have introduced new charges to transport goods along many of the world’s busiest shipping routes after re-directing their vessels away from the Red Sea because of attacks.
China's defense minister on Sunday acknowledged the importance of newly renewed military-to-military communications with the United States as tensions escalate in the Asia-Pacific, while at the ...
COSCO Shipping Shengshi, a vehicles carrier ship, Sète, 2018. China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned multinational conglomerate headquartered in Shanghai. The group is focused on marine transportation services. [2] COSCO Shipping was established in January 2016 by the merger of COSCO ...
British Airways World Cargo, formerly British Airways Cargo, was a division of IAG Cargo, operating air cargo services under the British Airways brand. It was the twelfth-largest cargo airline in the world by total freight tonne-kilometres flown. [1] Freight services were provided using the main British Airways fleet, as well as dedicated ...
