Dry Van Spot Rates Highest Since 2022 As Spring Tightens Capacity

The UK's New Multinational Naval Initiative Aims To Contain Russia In The Arctic & Baltic Authored by Andrew Korybko, General Sir Gwyn Jenkins, head of the British Royal Navy, announced that his counterparts from the 10-nation Joint Expeditionary Taskforce comprised of the UK, Norway, Sweden, Denmark, Finland, Iceland, Estonia, Latvia, Lithuania and the Netherlands agreed to create “a family of allied fleets”. Officially known as the “Northern Navies Initiative” (NNI), it’s explicitly aimed at containing Russia in the Arctic and Baltic. This represents the evolution of the UK’s Arctic-Baltic policy that was elaborated...

China Produces "Baby Shahed" Kamikaze Drones For $500 China's manufacturing base is now churning out short-range, low-cost kamikaze drones priced at under $500 per unit, which X user PLA Military Updates has described as "Baby Shahed" drones. According to the post, the so-called Baby Shahed costs around 3,000 yuan (about $450), has a range of 20 to 30 kilometers, flies at roughly 200 kilometers per hour, and can be launched by hand or from a rack. These drones could even be launched from a box truck or shipping containers. 🇨🇳Chinese civilian...

Iranian media reported on Wednesday that Iran has halted traffic through the Strait of Hormuz in response to Israel’s escalations and its continued bombing campaign in Lebanon. “The passage of oil tankers through the Strait of Hormuz has been halted following Israel’s attacks on Lebanon,” Iran’s Fars news agency has reported. Pakistan Prime Minister Shehbaz […]