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If raising war risk rates is the Houthis' plan, then reciprocity may be the answer
Ships exposed to Houthi attacks are finding it hard to secure insurance coverage at any price. This reflects the unpredictable nature of risk in conflict zones like the Red Sea.
First, it must be understood that the Houthi ceasefire, brokered by Oman, does not cover ships doing business with Israel, or may at some future date do business with Israel. It only agrees to stop firing at ships with no known business with Israel.
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Lasting peaceful trade between China and the West will take patience, perseverance
When China's Belt and Road infrastructure scheme was hatched in 2013, we all wished it well as the Chinese appeared to approach their final ascent into global normality and middle class life.
The shipping world had no quarrel with Belt and Road because what was good for trade was all that mattered. And if nothing else, Belt and Road was good for trade.
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How Houthi rockets created opportunities for lasting growth in sub-Saharan Africa
Historically, what makes sub-Saharan Africa, the world's last continental poverty zone, has been its lack of easy waterborne and pack animal cargo transport. Whatever natives had to sell, had to be carried to market on foot.
What may well be a game changer is the Houthi rocketry that sent Suez-bound Asia-Europe shipping scurrying south around the Cape of Good Hope to avoid war risk insurance rates crossing the Red Sea.
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Air cargo eco managers say sustainability is not just a cost, but a source of savings
A panel of air cargo environmental managers attending the World Cargo Symposium of the International Air Transport Association (IATA) in Dubai agreed that one aspect of sustainability had been neglected for far too long - waste.
The transition to recycling of a circular economy in air cargo isn’t a quick fix or a corporate buzzword, they said in an article in Mumbai's Stat Trade Times. It's a paradigm shift. It requires letting go of linear thinking and reimagining waste as a strategic asset - not an unavoidable cost.
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Intra Asia Trade Specialists |
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