Did You Know That…
 
…Maersk resumes Red Sea transits amid global rerouting challenges. Maersk has cautiously resumed operations through the Red Sea after months of Houthi attacks disrupted global trade routes. The move comes as rerouting around Africa continues to increase costs and extend transit times for carriers. The company says it's deploying additional safety protocols and monitoring the situation daily.
 
…India's exports to Europe hit record high despite global slowdown. Recent data shows that India’s exports to the EU reached a new peak this quarter, led by pharmaceuticals, textiles, and machinery. Trade analysts credit government incentives and trade diversification efforts for this sharp rise amid a fragile global economy.
 
…South Korea’s HMM orders 12 methanol-powered mega vessels. In a major sustainability push, shipping giant HMM has placed an order for 12 large container ships that run on methanol fuel, aiming to reduce emissions and future-proof its fleet. The vessels are set to be delivered between 2026 and 2028.
 
…US trucking sees volume spike post-July 4 holiday. Freight volumes surged in the US domestic market following the Independence Day weekend, especially across food and beverage sectors. While spot rates rose slightly, experts warn the uptick might be short-lived without a broader economic rebound.
 
…Singapore launches AI-backed maritime traffic management system. To reduce port delays and improve safety, Singapore has launched an AI-based platform that offers predictive analytics on vessel movements and berth availability. Authorities expect this to enhance the city-state’s position as a leading global shipping hub.
 
…MSC expands direct service between India and East Africa. MSC has launched a new weekly service directly linking Indian ports with key East African destinations such as Mombasa and Dar es Salaam. This move is expected to boost India-Africa trade and ease congestion in regional supply chains.
 
…Did you know pigeons can recognize themselves in mirrors? Studies show that pigeons join a select group of animals – including dolphins and elephants – capable of mirror self-recognition, a sign of higher cognitive function.
 
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Have a good Friday and weekend ahead!