As economists question whether the US consumer is finally pulling back as tariff costs increasingly show in store prices, another major generator of freight manufacturing orders is showing signs of sputtering.
Alliance members Ocean Network Express, HMM and Yang Ming said they were “closely monitoring” the situation around the Red Sea with the focus on the safety of crew, ship and cargo.
The Manila-based company is tapping into moves by the governments of Brazil and South Africa to enable their ports to handle steadily rising container volume and calls by larger vessels.
