Introduction The Red Sea, a crucial artery for global trade, has recently become a battleground due to the persistent attacks by the Houthi militant group. These assaults on commercial vessels have caused significant disruptions, shaking the foundations of international shipping. In a surprising turn of events, President Donald Trump announced that the United States would … Read more
Global Trade Pros Converge in Chicago for Cutting-Edge Industry Insights Global Trade Educational Conference (GTE), hosted by NCBFAA, celebrated its 10th year by bringing together over 300 importers, exporters, customs brokers, freight forwarders, service providers, and global logistics professionals from across the United States. For two days in Chicago, international trade professionals had the chance to … Read more
The global shipping industry is facing a cascade of challenges, with the Red Sea cargo shipping disruptions being a significant contributor. The ongoing conflict in Yemen has necessitated rerouting around the Cape of Good Hope, leading to longer transit times and increased operational costs. This shift has strained shipping capacity, as vessels are tied up … Read more