Red Sea uncertainty has led to negotiations to secure higher freight rates, Xeneta’s research shows.
More than 80% of current containerships calling at US ports could be hit by US tariff fees as they are envisaged, says Drewry.
The containership, which ran aground off the Canadian coast almost two weeks ago, has significant breaches to her hull.
Mining is an important contributor to the economies of countries in sub-Saharan Africa, representing around 7.5% of South Africa’s GDP.
Operated by Grindrod Logistics Africa, the new vessel has capacity to carry 21 fully loaded freight vehicles.
Analysts suggest the decision is likely an effort to manage capacity and stabilise declining freight rates.
The SHIPS for America Act was introduced in December by bipartisan lawmakers.
Authorities are assessing whether to remove some containers before refloating the box ship.
The excavator is designed to grab material weighing up to 2 000kg and has a radius of at least 20 metres.
The Council has prolonged the mandate of Operation Aspides to 2025.
Freight News columnist Clifford Evans said he saw a loaded container vessel rolling in heavy swells in the Bay.
Damage to the ship and its cargo is being assessed by a salvage company.
Finalising the Bill into an Act is said to be a priority of the next administration.
