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Transport Tariffs: Typhoon Gaemi devastates the Philippines, Taiwan and South-East China
Typhoon Gaemi caused massive destruction in the form of evacuations, deadly landslides and flooding in the Philippines and Taiwan, extending its devastating effects to parts of south-eastern China. The storm sank a cargo ship off the coast of Taiwan and stranded...
The Gold Market in India: Dynamics and Forecast for 2024
The World Gold Council (WGC) recently released a report revealing a 5% decline in gold demand in India during the second quarter of 2024 compared to the same period last year. However, consumption is expected to improve in the second half of 2024 due to a correction...
CrowdStrike IT Outage: Global Impacts on Flights and Shipments
The recent CrowdStrike update caused a massive disruption of IT systems, leading to the delay or cancellation of thousands of flights worldwide over the weekend. Airport and airline systems were affected, leaving passengers stranded and creating a huge backlog to deal...
Maritime Freight Growth: An Analysis of Current Trends and Future Prospects
In the past week, spot rates of sea freight rates reached their highest levels of the year on major global trade routes. However, the rate of price growth has started to slow down after a surge at the beginning of the month. Signs indicate that prices may have...