Image: Container ships stacked up. Theyre quite rusty looking. Most of them say Maersk on them. A red banner from the left appears and white text reads Maersk Vessel Attacked in Red Sea Over Weekend. A Canaan Group logo sits on the bottom right. Tags: freight canada, business shipping, freight to canada, air freight canada, shipping to the us, 3pl company, warehouse logistics, 3pl

Update On The Red Sea Attacks and Their Impact On Shipping (January 2nd, 2024)

Rowena Lo News

Maersk vessel named Hangzhou has been attacked on December 30th, 2023 while travelling through the Red Sea with the intention of going through the Suez Canal. Ongoing security concerns in the Red Sea are affecting shipping lines navigating from Asia to North America and Europe because -despite US Navy presence- Yemen-backed Houthi rebels remain a threat to container vessels. While …

Image: a port lit up with dark blue water below and a dark blue sky above. A red banner with caption: concerns rise over freight rate increase before Chinese new year. A Canaan Group logo sits on the top right. Tags: freight canada, business shipping, freight to canada, air freight canada, shipping to the us, 3pl company, warehouse logistics, 3pl

Concerns Over Freight Rate Increases From Asia to North America and Europe in January 2024 Before Chinese New Year

Rowena Lo Featured, News

Spot freight rates from Asia to North America have surged due to the deteriorating security situation in the Red Sea. Carriers are expected to leverage market uncertainty during January negotiations for 2024–25 service contracts. The attacks on shipping have led vessels to divert around the African Cape of Good Hope, increasing voyage times and costs. Some customers are considering transloading …