The new office will coordinate technical assistance for countries in the region.
The 25 seafarers have been handed over to Oman in line with the ceasefire agreement between Israel and Hamas.
Freight rates are affecting the sale and purchase market, with an increasing gap between buyers and sellers.
Ocean carriers are generally reluctant to arrange naval escorts from supporting governments.
Militants have held the crew and vessel hostage for 429 days since the start of the war in Gaza.
American ships are being overcharged while China is controlling the waterway, says Potus.
Diversions around the Cape are not what the industry wants, but the situation is stable and being managed.
Marine insurance for Suez sailings has skyrocketed, costing about 20 times more than before the Houthi attacks started.
Vessels owned by Israeli companies will remain at risk of attack until the ceasefire agreement has been fully implemented.
Finland’s police intervened just in time to prevent further damage to subsea cables and a gas pipeline.
This is the first season that the industry’s logistics planning is benefiting from a predictive logistics model.
The peace process will be slow and political uncertainty in the region could lead to further Houthi attacks on vessels.
