MSC says as from March 16th, until further notice, the EFS from Scanbaltic to East Africa will be charged at USD 190 dry/teu and USD 290 reefer/teu
The announcement from MSC regarding adjustments in freight rates for the EFS from Scanbaltic to East Africa indicates a potential tightening in shipping costs, which could influence overall trade dynamics.
US President Trump says there is no reason to panic over Iran war oil-price surge, and says 'I have a plan for everything', NYP reports
Russia President Putin says oil production linked to Strait of Hormuz risks coming to a complete halt as early as next month; changes in logistics for oil deliveries will take a long time and require significant expenditure
MSC says as from March 16th, until further notice, the EFS from Scanbaltic to East Africa will be charged at USD 190 dry/teu and USD 290 reefer/teu
Middle East bound bauxite and alumina vessels divert due to Hormuz blockage, according to vessel tracking data
Hungary PM Orban says will cap fuel prices
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This price hike might impact the supply chain for commodities moving through this route and could filter through to inflation metrics, especially in the context of global shipping costs. Traders in related sectors should monitor price movements for metals and other commodities closely, as shifts in shipping expenses can affect margins and market sentiment.
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