As ocean freight container shipping spot rates soar, it's crucial to understand what can be done to avoid reaching the pandemic peak levels. In this article, we’ll explore the actions shippers and carriers can take to manage the market effectively. As we move into July, the rates are on the rise again, inching closer to…

China has quickly become the world leader in electric vehicle (EV) production, outpacing other nations and setting the standard for the future of transportation. This rapid growth in EV manufacturing is having a significant impact on related industries, particularly the tyre sector. As more EVs hit the roads, the demand for tyres specifically designed for…

The recent crisis in the Red Sea has thrown the global shipping industry into turmoil. Security threats and geopolitical tensions have forced shipping companies to rethink their strategies, impacting transit times, costs, and logistics. Let’s explore the major changes and long-term implications for the industry. Key Changes in Ocean Shipping 1. Rerouting Through…

Overview of the Tyre Industry The tyre export industry is a significant player in global trade, providing essential components for vehicles. With technological advancements, increasing vehicle production, and expanding international trade networks, the tyre export and manufacturing sectors are poised for growth. The global tyre market was valued at approximately USD 232 billion in 2023.…