Month: January 2021

High Freight Rates in World Maritime Trade

The shipping industry witnessed, especially in the last months of 2020, freight rates rising to previously unheard of levels. For example, according to the Shanghai Containerized Freight Index (SCFI),...

Tonga: Tsunami waves hit Pacific country after huge underwater volcano eruption

A tsunami advisory has been issued for Hawaii and the North America West Coast after tidal waves hit the Pacific nation of Tonga following a giant underwater volcano eruption....