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Red Sea and Suez Canal Shipping Crisis Update

Freightos

Regional tensions continue to grow, with an Iranian warship entering the Red Sea on Sunday and Iran’s news agency stating that Iranian naval vessels have periodically been in the Red Sea “” to secure shipping lanes, repel pirates, among other purposes since 2009.” Europe prices decreased.

Shipping 303
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January 3, 2024 Update

Freightos

Europe prices (FBX11) increased 151% to $4,042/FEU. Europe weekly prices fell 25% to $2.98/kg. Europe – N. Europe rates have increased 173% compared to just before the diversion announcements, to more than $4,000/FEU. So far there have not been reports of any significant air cargo bump, though.

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The History of the Shipping Container

Freightos

Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. Small trucker, Malcom McLean, fumes at slow loading of cargo aboard ship – “There has to be a better way.”. Western Europe selects container standards for rail, also intended for ship and truck. Significance.

Shipping 120
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This Week in Logistics News (July 4-8, 2016)

Talking Logistics

Air cargo firms feel the pressure from plunge in freight prices (Reuters). Adorable self-driving robots will start making deliveries in Europe this month (Quartz). Global trade volumes fell for the first time since 2009 by 1.7 Heavy-Duty Truck Orders Fall to Lowest Since 2010 (WSJ – sub. percent from 3 percent.

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[INFOGRAPHIC] The History of Shipping Containers

GlobalTranz

Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. Small trucker, Malcom McLean, fumes at slow loading of cargo aboard ship – “There has to be a better way.”. Western Europe selects container standards for rail, also intended for ship and truck. Significance.

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

Some UK supermarkets have run out of peppers after a cold snap in Europe led to a shortage. Supermarkets were forced to ration a range of fruit and vegetables earlier this year due to poor weather in Europe and Africa leading to shortages. The company plans to do so, in part, by electrifying 35 percent of its U.S.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009. Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Russia supplies almost 40% of the natural gas supply for Europe.