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Red Sea and Suez Canal Shipping Crisis Update

Freightos

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue.

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Red Sea Ocean Transport Disruption Update

Supply Chain Matters

As we have noted in this thread of updates, to a further extent, shipments from Asia eastward that traverse the Panama Canal are an important added backdrop to ocean transport disruption impacts. Further, Japan based shipping line Mitsui OSK Lines indicated a belief that this disruption could extend thru the balance of 2024.

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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

Rivian Automotive is now free to sell its EV parcel vans to other parcel carriers, and added reinforcement from multiple ocean container shipping carriers that the existing industry volume declines could extend for two to three years. The report observes that in 2021-2022, the largest carriers amassed net income levels totaling $364 billion.

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December 19, 2023 Update

Freightos

Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.

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Added Alerts to a Warming Earth and Supply Chain Climate Change Mitigation Efforts

Supply Chain Matters

Both the COP 26 and COP 27 Global Change Summits held in 2021 and 2022 respectfully, sounded the alarm that businesses and governments face a more compelling timeline for mitigating ongoing warming of the planet. Renewed Urgency Last week provided yet another stark warning.

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Red Sea Ocean Transport Shipping Disruption Update

Supply Chain Matters

The Supply Chain Matters blog provides our readers with a further update on the ongoing Red Sea shipping disruption including added context and implications. Background Just before the Christmas 2023 holiday, Supply Chain Matters alerted our readers to rather troubling signs for another global-wide shipping disruption. East Coast.

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Building Signs for Another Global Maritime Disruption

Supply Chain Matters

Supply Chain Matters alerts clients and readers to a potential replay of the 2021 disruption in global shipping and cascading supply chain disruption as a result of recent events. The cascading effects of the disruption reverberated among multiple industry supply chains and ocean container shipping schedules.

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