Amid escalating Red Sea tensions, FIATA has made a global plea for heightened international dialogue and observation to facilitate maritime transport. The Red Sea, a critical conduit between Europe and Asia and one of the world’s busiest waterways, has been experiencing repeated attacks on commercial shipping. This has resulted in about 18 shipping lines either […]

The current hostile situation in the Red Sea has inadvertently created a financial windfall for many shipping companies. The requirement to reroute around the Cape of Good Hope, though operationally challenging, has led to a surge in ocean freight rates, revitalising an industry that had been in recession. This sudden increase in demand has alleviated […]