2024 Africa Freight Sourcing 
Resilinc
JANUARY 15, 2024
The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. Which industries and companies are currently impacted in January 2024? Increased Shipping Rates from Red Sea Crisis The Red Sea crisis is expected to keep freight rates elevated through at least February.
Resilinc
DECEMBER 21, 2023
Will either navigate its vessels around the Cape of Good Hope, South Africa, or temporarily pause their journey and reposition them in a safe location. On December 7, the Suez Canal Authority estimated that only 55 cargo ships had rerouted around Africa since November 19. Paused all shipments through the Red Sea (Dec 18). a barrel.
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Supply Chain Matters
JANUARY 5, 2024
None the less, Maersk , along with three other container lines have made the decision to temporarily discontinue Red Sea transits and again seek transits around Africa by the Cape of Good Hope , added days to shipment and estimated arrival times. That is in the light of expected excess shipping vessel capacity available in 2024.
Supply Chain Matters
DECEMBER 20, 2023
As a consequence, the top three container shipping lines, Maersk Line, CMA CGM , Hapag Lloyd , announced their intent to begin routing ships toward the Cape of Good Hope in southern Africa avoiding the Suez Canal. The somewhat good news is that global freight volumes have contracted considerably from what they were in 2021.
Freightera
DECEMBER 21, 2023
Freightera’s CEO, Eric Beckwitt Gives His Predictions on The Trends in Sustainability in 2024. Deglobalization will accelerate, and reshoring and localization of manufacturing will continue 2023 has seen a severe freight recession, especially in North America, with significant overcapacity and declining rates for ocean shipping as well.
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