Escalating Middle East tensions spark air freight rate hikes up to 100%, massive capacity cuts and flight cancellations, paralyzing cross-border trade and global supply chains.
Understand FOB (Free On Board) and FAS (Free Alongside Ship) in international trade. Learn definitions, obligations, risks, costs, formulas and common mistakes.
Learn everything about Bill of Lading (B/L): types, issuance rules, Consignee/Notify Party details, MBL vs HBL, risks and tips for safe global shipping.
Sea-Intelligence warns a year-long Hormuz Strait crisis will add $29.5¨C34.5B in extra fuel costs for container shipping. Carriers impose surcharges, pushing shipping rates higher for shippers.
CMA CGM Group has announced a new weekly container service ¨C Ocean Rise Express (OCR) ¨C creating a direct shipping link between Japan, South China and North Europe to provide shippers with more efficient and reliable transportation.Route & Vessel DetailsThe OCR service will deploy 14 container ships
Escalating US-Iran tensions spark a brutal shipping rate rally: SCFI hits 1710.35, Persian Gulf route up 143% in two weeks. Port attacks, route diversions and fuel hikes amplify global supply chain strain.
Middle East tensions halt China factory production, suspend orders, and cancel exhibitions. Raw material costs jump 40%, pushing firms to stock up or shift to Southeast Asia. Soaring shipping rates and policy changes add pressure, but exporters adapt with free quote and stable DDP strategies.
US CBP¡¯s 5H Entry Processing Hold has sent LA/LB inspection rates above 30%, detaining thousands of Chinese containers. Low?value declaration, shared Bond use, and vague descriptions trigger detentions with heavy fees and forced return risks.
Escalating US-Iran conflict cripples Middle East logistics: Strait of Hormuz is virtually closed, carriers suspend services, and e-commerce platforms pause shipments. Delivery delays spike, shipping costs soar, hitting Chinese sellers and local buyers hard.
