April 24 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

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Greetings!Our objective is to make your shipping experience easier by offering you the latest and most informative details and insights regarding the freight market. We aim to provide accurate and relevant content that brings benefits to your business.We highly value your feedback as we continuously strive to improve the quality of our weekly market updates. We value your thoughts on our current content and encourage you to suggest specific topics that you would like us to cover in more depth.We wish to create the most informative newsletter possible. We appreciate your continued readership and subscription, and we thank you for taking the time to provide us with your valuable feedback, which will help us enhance our future performance.

From the Editor’s Desk

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The port at WGQ was closed for 2 hours on April 7th due to dense fog.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The YS port was closed for 11 hours on April 9th because of dense fog.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">At QQCT, heavy berth congestion is occurring, with waiting times of 1.5 to 2 days.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Multiple ports, including Chittagong, WGQ, YS1, WP, and PKG, are currently facing serious berth congestion.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Due to severe congestion in PKG, several shipping lines have rerouted their vessels and cargo to Singapore (SGSIN).</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The escalation of U.S. tariff policy is creating major disruptions for global businesses.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">A baseline tariff of 10% is now applied to all imports into the U.S.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Carriers introduced a General Rate Increase (GRI) in early April, leading to higher freight rates on both West Coast and East Coast routes.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">For Gemini, 3 out of 4 services on both coasts have achieved 100% schedule reliability.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Within the Premier Alliance, 3 out of 7 Transpacific services have also reached 100% schedule reliability.</li></ul>Read on for more in-depth updates.

Key takeaways for the US

Ocean Freight Market Updates

Freight market update - 24 April 2025

Q2 rolls forward with no shortage of movement — both in cargo and complexity. While consumer demand remains muted in North America, global freight continues to shift around tariff-driven sourcing, carrier repositioning, and early signs of a pre-peak container push in Asia-Pacific.

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Q2 rolls forward with no shortage of movement — both in cargo and complexity. While consumer demand remains muted in North America, global freight continues to shift around tariff-driven sourcing, carrier repositioning, and early signs of a pre-peak container push in Asia-Pacific.We’re now seeing the true ripple effect of the 84% U.S. tariff on China-origin goods. Demand is fragmenting toward Southeast Asia, freight procurement is getting more agile, and nearshoring continues gaining traction across North America. It’s not just about where cargo ships from anymore — it’s about agility, visibility, and cost control.

<h2 class="" data-start="1043" data-end="1082">Key Takeaways for the U.S. Market</h2><h3 class="" data-start="1084" data-end="1108">Demand Trends</h3><ul data-start="1109" data-end="1505"><li class="" data-start="1109" data-end="1237">China outbound volumes dipped 11–15% YoY, driven by tariff shocks and price renegotiations from buyers in the U.S. and EU.</li><li class="" data-start="1238" data-end="1361">Vietnam, India, and Thailand are benefitting, with fast-growing spot container volumes and new consolidator activity.</li><li class="" data-start="1362" data-end="1505">Retail &amp; FMCG importers are still cautious, but eComm and electronics continue to pull moderate steady demand into U.S. East Coast ports.</li></ul><h3 class="" data-start="1507" data-end="1545">Capacity &amp; Carrier Behavior</h3><ul data-start="1546" data-end="1919"><li class="" data-start="1546" data-end="1661">Blank sailings are increasing again — Maersk, HMM, and ONE are tightening space from Asia to stabilize rates.</li><li class="" data-start="1662" data-end="1777">Transatlantic routes remain over-supplied, forcing carriers to slash rates or roll cargo last minute.</li><li class="" data-start="1778" data-end="1919">Trucking market across U.S. is oversaturated, but chassis shortages in inland hubs (Dallas, Chicago) are causing brief disruptions.</li></ul><h3 class="" data-start="1921" data-end="1950">News &amp; Regulations</h3><ul data-start="1951" data-end="2267"><li class="" data-start="1951" data-end="2058">New U.S.-China tariff enforcement is fully active. CBP enforcement continues around HTSUS 9903.01.63.</li><li class="" data-start="2059" data-end="2173">India signs key trade corridor agreement with UAE and Saudi Arabia, boosting South Asia’s trade positioning.</li><li class="" data-start="2174" data-end="2267">EU-ETS carbon surcharges expanding — now applied to intra-Europe AND Europe-Asia lanes.</li></ul><h3 class="" data-start="2269" data-end="2291">Rate Trends</h3><ul data-start="2292" data-end="2599"><li class="" data-start="2292" data-end="2394">FEWB &amp; TPEB ocean rates have rebounded slightly, holding gains after early-April blank sailings.</li><li class="" data-start="2395" data-end="2501">Spot air freight pricing remains high, especially for electronics out of Hong Kong and Malaysia.</li><li class="" data-start="2502" data-end="2599">U.S. FTL rates are flat to down, with capacity unutilized and spot market still suppressed.</li></ul>

<h2 class="" data-start="2606" data-end="2640">Ocean Freight Market Updates</h2><h3 class="" data-start="2642" data-end="2660">Asia → U.S.</h3><ul data-start="2661" data-end="2956"><li class="" data-start="2661" data-end="2751">Tariff impact is real — some shippers have rerouted via Mexico to avoid U.S. duties.</li><li class="" data-start="2752" data-end="2846">Vietnam is heating up: Port of Hai Phong reporting 19% spike in TEU volumes since March.</li><li class="" data-start="2847" data-end="2956">Container availability tightening in South China, driving short-term delays in consolidation shipments.</li></ul><h3 class="" data-start="2958" data-end="2978">Europe → U.S.</h3><ul data-start="2979" data-end="3309"><li class="" data-start="2979" data-end="3099">Freight rates are weakening, especially from North Europe to East Coast — too much space chasing too little cargo.</li><li class="" data-start="3100" data-end="3221">Carbon surcharge transparency still poor — forwarders raising concerns about inconsistent pass-through by carriers.</li><li class="" data-start="3222" data-end="3309">Rotterdam and Hamburg operating clean, with no major backlogs reported this week.</li></ul><h3 class="" data-start="3311" data-end="3347">U.S. Domestic &amp; Nearshoring</h3><ul data-start="3348" data-end="3670"><li class="" data-start="3348" data-end="3464">Mexico-U.S. cross-border lanes remain congested but strong, fueled by auto and nearshoring textile orders.</li><li class="" data-start="3465" data-end="3554">Rail velocity improving into Midwest hubs — especially for intermodal out of LA/LB.</li><li class="" data-start="3555" data-end="3670">Warehouse demand on the East Coast is picking up, particularly in New Jersey and PA for food and pharma SKUs.</li></ul>

We’re not just seeing a rate war — we’re seeing a structural realignment in global freight. This isn’t short-term volatility; it’s a long-term shift in origin diversification, import strategy, and risk management.At Beeontrade, we’re keeping clients agile with multi-origin sourcing visibility, real-time carrier analytics, and intelligent warehousing options across NJ, LA, and Houston. Whether you’re rebalancing your network or chasing new growth corridors — we’ve got your back.More trade. Less friction. That’s the Beeontrade way.

Beeontrade POV

Freight market update - 17 April 2025

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The freight world is buzzing — and not just with spring energy. We’re entering Q2 2025 with massive regulatory shakeups, shifting trade lanes, and capacity signals flashing both green and red depending on where you’re watching from.The U.S. CBP’s updated reciprocal tariff order has taken effect as of April 9, jacking up duties on Chinese goods to a hefty 84% (from the previous 34%). This move is already echoing across ocean lanes, with importers rerouting or scrambling to reprice.Meanwhile, Asia capacity remains tight out of China and Southeast Asia, with some stabilization in rates — though peak season pre-pulls may trigger volatility again in late April. Europe and the transatlantic corridors are experiencing structural slowdowns, with demand soft but relatively steady.

<h3 class="" data-start="1263" data-end="1290">Demand &amp; Volumes</h3><ul data-start="1291" data-end="1745"><li class="" data-start="1291" data-end="1444">U.S. imports from China are under pressure post-tariff. Retailers are actively rerouting sourcing or fast-tracking entries ahead of the duty spike.</li><li class="" data-start="1445" data-end="1596">LTL demand remains soft across North America — especially in retail and CPG. Inventories are still being digested after aggressive Q4 restocking.</li><li class="" data-start="1597" data-end="1745">Ecommerce-driven fulfillment volumes are holding strong, especially on the East Coast. Warehouses near NJ/NY are reporting healthy throughput.</li></ul><h3 class="" data-start="1747" data-end="1784">Regulations &amp; Trade Policy</h3><ul data-start="1785" data-end="2206"><li class="" data-start="1785" data-end="1915">April 9: U.S. CBP’s new 84% tariff on goods from China (including HK and Macau) goes into effect under HTSUS 9903.01.63.</li><li class="" data-start="1916" data-end="2052">Immediate implications: Increased landed costs, sourcing diversification push, and potential customs delays during filing transitions.</li><li class="" data-start="2053" data-end="2206">EU emissions surcharges are creeping into customer invoices from major carriers — Maersk and MSC are both indexing greener fuel cost pass-throughs.</li></ul><h3 class="" data-start="2208" data-end="2246">Carrier Behavior &amp; Capacity</h3><ul data-start="2247" data-end="2637"><li class="" data-start="2247" data-end="2357">Carriers are starting to reposition blank sailings out of China in response to tariff-adjusted bookings.</li><li class="" data-start="2358" data-end="2505">Trucking capacity remains oversupplied in most U.S. lanes, keeping spot rates in check, though fuel surcharges are up slightly this week.</li><li class="" data-start="2506" data-end="2637">Port congestion easing: LAX/LGB and NY/NJ report clean dwell times. Houston is a minor exception due to Gulf project imports.</li></ul>

<h2 class="" data-start="3027" data-end="3061">Ocean Freight Market Updates</h2><h3 class="" data-start="3063" data-end="3081">Asia → U.S.</h3><ul data-start="3082" data-end="3462"><li class="" data-start="3082" data-end="3225">Transpacific Eastbound is in a sensitive holding pattern post-tariff. Expect rerouting to SE Asia origins and Mexico-based consolidation.</li><li class="" data-start="3226" data-end="3341">Port of Shanghai is busy — not congested — but expect customs slowdowns due to new export compliance updates.</li><li class="" data-start="3342" data-end="3462">Southeast Asia sees demand uptick, especially for Vietnam and Thailand as importers look for tariff-free sourcing.</li></ul><h3 class="" data-start="3464" data-end="3484">Europe → U.S.</h3><ul data-start="3485" data-end="3752"><li class="" data-start="3485" data-end="3547">Maersk and MSC reducing capacity to balance soft demand.</li><li class="" data-start="3548" data-end="3654">Rates are stable but seeing early signs of pressure for Q2. Watch out for blank sailings and minor GRIs.</li><li class="" data-start="3655" data-end="3752">Northern European ports are calm, with Rotterdam and Antwerp both reporting low congestion.</li></ul><h3 class="" data-start="3754" data-end="3786">&nbsp;U.S. Domestic &amp; Nearshore</h3><ul data-start="3787" data-end="4037"><li class="" data-start="3787" data-end="3919">U.S. Gulf lanes to the Midwest are in solid shape. FTL moves remain fast, and project cargo flow (especially in energy) is steady.</li><li class="" data-start="3920" data-end="4037">Mexico cross-border: Growing activity in automotive and electronics is stretching drayage capacity near Laredo.</li></ul><hr><h2 class="" data-start="4044" data-end="4076">Final Word from Beeontrade</h2>We're entering a new freight environment — shaped as much by policy as by seasonality. The 84% China tariff will reshape demand signals in the coming weeks. Now’s the time to lean into multi-origin strategies, real-time visibility, and proactive planning.At Beeontrade, we’re built to respond — not react. Whether you're fast-shifting SKUs, managing compliance risks, or needing warehouse elasticity, we’re on standby to help you stay ahead of the curve.Let’s ship smarter. Let’s build global.

Freight market update - 10 April 2025

April 2 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

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<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Effective April 1st, 2025, the procedure for cargo entering into and transiting through the European Union (EU) will change.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">All parties issuing a House Bill of Lading must file an Entry Summary Declaration (ENS) with EU Customs.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">A precise 6-digit HS code is mandatory for every commodity listed on the shipping instructions.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The U.S. government is raising tariffs on all foreign-built cars, light-duty trucks, and certain auto parts to 25%, up from the current 2.5%.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The tariff will take effect on April 3, 2025, for vehicles, while auto parts will be taxed starting May 3.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In February 2025, global schedule reliability increased to 54.9%, up 3.6 percentage points month-over-month and 1.8 points year-over-year.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The 2M and THE Alliance are being phased out, while the Ocean Alliance remains unchanged.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Zero Emission Maritime Buyers Alliance (ZEMBA), representing 40 global freight buyers, is urging the International Maritime Organization (IMO) to adopt clear and consistent regulations to support clean energy in shipping.</li></ul>Read on for more in-depth updates.

Freight market update - 2 April 2025

March 26 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

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<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Seven regional carriers based in Asia have partnered to launch a new weekly express service between Asia and Mexico.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The new service will add at least 15,000 TEUs of capacity to the growing trade route.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Hapag Lloyd has announced a general rate increase (GRI) on shipments from Asia to multiple destinations, including South America's East and West Coasts, Mexico, Central America, and the Caribbean, starting April 1.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Panelists at an AMICIE seminar in Singapore discussed geopolitical risks in international trade and shipping.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">SeaLead Singapore’s COO, Chow Kitwei, addressed the potential impact of the USTR’s proposed $1.5 million tariffs on China-made ships entering U.S. ports.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">TMC Marine reports a significant rise in container losses due to vessels avoiding the Red Sea.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">MSC, through its subsidiary Terminal Investment Limited (TiL), has partnered with BlackRock to acquire nearly 80% of Hutchison Port Holdings' overseas assets in a $22.8 billion deal.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Gemini Cooperation between Maersk and Hapag-Lloyd is experiencing network disruptions.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Proposed entrance fees of up to $1.5 million per vessel could impact 98% of ships calling at U.S. ports.</li></ul>Read on for more in-depth updates.

Freight market update - 26 March 2025

March 20 2025, freight market updates, featuring key insights and trends from the US, Turkey, China, and other global regions in cargo and shipping.

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<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The 2025 TPM Conference in Long Beach, California, brought industry leaders together to discuss the challenges facing global trade and logistics.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">A key development was the proposed US port tax on China-built containerships, which could increase shipping costs by $1,000 per TEU, leading to an industry-wide impact of $20 billion.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Gemini Cooperation is targeting 90% performance levels and is expected to achieve this after three full operational cycles.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">After a long period of avoidance, shipping lines are discussing a gradual return to the Suez Canal, though the transition must be carefully managed to prevent market volatility.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In 2025, carrier priorities will focus on improving network efficiency and expanding market share.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">MSC is making adjustments to its US West Coast services, CHINOOK and ORIENT, by adding port calls and expanding service capacity.</li><li style="background-color:transparent;color:#000000;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In Bangladesh, Ramadan, which began on March 2nd, has led to a reduction in daily working hours by 5-6 hours due to prayer breaks.</li></ul>Read on for more in-depth updates.

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Freight market update - 19 September 2024

Freight market update - 17 October 2024

 101 Guide to Understanding the U.S. Port Strike and How to Avoid Supply Chain Disruption

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