The ripple effect of the Panama Canal and the Red Sea re-routings continue to impact the industry. India is largely dependent on the Red Sea route through the Suez Canal for its trade with Europe, North America, North Africa, and the Middle East. These regions accounted for about 50 percent of India’s exports and about…
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The announcement that Maersk and Hapag-Lloyd are joining forces in what they call the “Gemini Cooperation” comes with little surprise. The three transpacific Vessel Sharing Alliances (VSAs) serving USA ports are prime for a makeover in the next year or two. Maersk and Mediterranean Shipping Company (MSC) announced the dissolution of the ‘2M Alliance’ in…
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Pacific carriers have announced a General Rate Increase (GRI) effective March 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective March 1, 2024 Equip.USD20…
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Pacific carriers have announced a General Rate Increase (GRI) effective February 15, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective February 15, 2024 Equip.USD20…
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The current landscape in the Panama Canal and the Red Sea are impacting the industry rapidly. Mohawk Global continues to analyze the ever-changing developments, to better understand the influence that further actions may have on our clients. Panama Canal The Panama Canal is vital for East-West trade and positive developments could ease some of the…
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Pacific carriers have announced a General Rate Increase (GRI) effective February 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective February 1, 2024 Equip.USD20…
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Pacific carriers have announced a General Rate Increase (GRI) effective January 15, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective January 15, 2024 Equip.USD20…
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After a string of recent attacks on commercial vessels in the Red Sea, several major ocean liners have announced the temporary suspension of their vessel traffic through the Red Sea, and in turn the Suez Canal. While only Maersk and Hapag have announced the pauses so far, other carriers may follow suit. It was previously…
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Pacific carriers have announced a General Rate Increase (GRI) effective January 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective January 1, 2024 Equip.USD20…
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Pacific carriers have announced a General Rate Increase (GRI) effective December 15, 2023. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective December 15, 2023 Equip.USD20…
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