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Hapag-Lloyd has emphasized that the rate adjustment is aimed at ensuring the sustainability of its services in the Asia-Latin America corridor, a critical route for the company given the significant trade volumes between the two regions.
In a tumultuous saga at sea, Houthi rebels target a U.S.-owned ship in the Gulf of Aden, escalating tensions in the Red Sea. As Houthi strikes reverberate, the world witnesses a perilous dance on the high seas, with significant implications for global trade and supply chains.
Expectations of a recovery in fuel demand, driven by monetary easing in the U.S. and increased kerosene demand during the winter in the northern hemisphere, further contribute to the complex dynamics influencing oil prices.