foreign exchange rates News

Shipping Rates Jump As Trade War Sparks Route Shifts

The international shipping market is affected by the trade war, leading to a short-term increase in freight rates. Shipping companies are adjusting routes to mitigate risks. Businesses need to closely monitor policies, diversify procurement sources, optimize supply chains, and strengthen risk management to adapt to market changes. The trade war introduces volatility and uncertainty, requiring proactive strategies for businesses involved in international trade and shipping to navigate the evolving landscape and minimize potential negative impacts on their operations and profitability.

11/03/2025 Logistics Industry Insights

Global Container Shipping Rates Drop Amid Trade War Concerns

The Drewry World Container Index has fallen sharply, reaching a new low since the Red Sea crisis, with the Asia-US route being the most affected. A combination of factors, including overcapacity, tariff policies, and geopolitical risks, is challenging the maritime market. Drewry predicts that freight rates may continue to decline, requiring shipping companies to respond proactively. The significant drop highlights the ongoing volatility and uncertainty in the global shipping industry, impacted by both supply-side pressures and external geopolitical events.

11/03/2025 Logistics

Crossborder Ecommerce Faces Hidden Logistics Costs

Cross-border e-commerce logistics involves hidden costs like exchange rate fluctuations, policy changes, customs delays, cargo damage/loss, communication issues, and reverse logistics. These often-overlooked costs can erode profits. Sellers should monitor exchange rates and policies, optimize customs clearance, choose reliable partners, and establish a robust reverse logistics system. By focusing on these areas, businesses can effectively control costs and improve profitability in the competitive cross-border e-commerce landscape.

11/03/2025 Logistics Encyclopedia

RBC Simplifies International Transfers with SWIFTBIC Guide

This article introduces the SWIFT/BIC code of the ROYAL BANK OF CANADA (ROYCCAT2ECL) and provides detailed information on the international remittance process, ensuring that funds arrive accurately. It includes examples to explain remittance amounts, exchange rates, and processing times, assisting users in successfully completing cross-border transfers.

08/22/2025 International Settlement

Libyas Bank of Commerce Eases Secure Money Transfers

This article explains how to make secure and swift remittances to the Bank of Commerce and Development in Libya using SWIFT/BIC codes. It emphasizes the importance of ensuring the accuracy of remittance information and recommends choosing the right platform to achieve better exchange rates and lower fees.