[Freightos Weekly Update] Ocean rates continue to slump as carriers announce GRIs
Key insights: 1. National Retail Federation data show that ocean imports to the US peaked in August – as many importers already had sufficient inventory…
Brazil keeps importing Russian diesel to ease price pressure
Brazil will keep importing Russian diesel as long as it helps to contain fuel prices for Brazilian motorists, Mines and Energy Minister Alexandre Silveira said…
Shadow fleet oil tanker drifted for hours in Indian Ocean
A 26-year-old oil tanker that’s moving fuel for Russia drifted for two days in a busy shipping lane in the Indian Ocean, drawing the attention…
Chevron re-routes Israel gas exports to Egypt via Jordan pipe
Chevron Corp. is re-routing offshore Israeli natural gas shipments to Egypt through a pipeline in Jordan after the Hamas attacks prompted the shutdown of the…
Fire at London Luton Airport leads to flight suspension
London Luton Airport halted all flights until 3 pm p.m. local time Wednesday after a fire tore through one of its car parks, causing a…
US judge keeps SAS Airline’s restructuring on track with payment hearing
A US bankruptcy court judge granted SAS AB’s request to speed the process of paying $3 million to advisers of the Scandinavian airline’s investor group,…
Taiwan exports post surprise growth in sign of global trade rebound
Taiwan’s exports unexpectedly grew in September for the first time in more than a year, adding to signs that global trade is recovering.
Research from Gartner predicts over 75% of companies will adopt warehouse automation by 2027
GreyOrange is recognized in three categories of the 2023 Gartner® Hype Cycle™ for Supply Chain Execution Technologies
Ford supplier says US-China tensions keep batteries costly
The billionaire chairman of SK Group, a key supplier to Ford Motor Co., said tensions between the US and China will keep electric-vehicle battery prices…
Yellen says US is not ruling out new sanctions against Iran
US Treasury Secretary Janet Yellen said the Biden administration hasn’t ruled out new sanctions against Iran in relation to renewed conflict in the Middle East,…
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