FEL

News we found:

Carriers are entering agreements with the Houthis to avoid attacks A number of sources in the Middle East confirm to ShippingWatch that the first shipping lines have made agreements with the Houthis to prevent their ships from being attacked in the Red Sea. Updated

Watch IMO Secretary-General Arsenio Dominguez address the United Nations Security Council on Red Sea attacks on merchant shipping:

'Attacks against international shipping in the Red Sea area are not acceptable'- IMO Chief | UN Security Council Briefing by Mr. Arsenio Dominguez, Secretary-General, International Maritime Organization (IMO), on the continuing attacks by Houthi rebels ...

Sad news to global again: with Oil prices hike trade will stop again which causes less money circulation will increase inflation more than IMF earlier projections.

https://abcnews.go.com/Business/attacks-freight-ships-red-sea-increase-inflation/story?id=105867797 #:~:text=The%20crisis%20in%20the%20Red,Suez%20Canal%2C%20some%20experts%20said.

Attacks on freight ships in the Red Sea could increase inflation. Here's how. Price hikes could accelerate for electronics, furniture and other goods.

https://www.reuters.com/world/maersk-pause-all-container-shipments-through-red-sea-2023-12-15/

Maersk to pause all container ship traffic through the Red Sea Danish shipping company A.P. Moller-Maersk will pause all container shipments through the Red Sea until further notice, a spokesperson for the company told Reuters on Friday.

Good news for imports and exporters:

The global freight recession will continue in 2024: CNBC Supply Chain Survey After the pandemic boom led to massive profits, weak demand and shipping overcapacity have sunk prices. That won't end in 2024, new CNBC survey data says.

Logistics in the Pandemic of 2023: Challenges and Opportunities

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Growth vs. stability: Is it time to rethink your approach?

Growth vs. stability: Is it time to rethink your approach? “When you see fleets double in size in a very short period of time, typically they haven’t grown on the inside as well as the outside, and that’s a very dangerous combination,” Reliance Partners’ Brian Runnels said.

With better turnaround on vessels, freight rates are reduced.



Article about US demand:

US container imports still rising, topping pre-COVID levels Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.

Future of shipping promising with green methanol but still not promising as production of green methanol currently involves significant investment in technology and infrastructure,

Egypt, Maersk's C2X sign agreement worth up to $3 bln for production of green fuel - statement Egypt and Maersk's C2X signed a new framework agreement worth up to $3 billion for the production of green fuel and its derivatives in the Suez Canal economic zone, according to a statement released on Wednesday.