article thumbnail

High Seas Troubles Affect Global Supply Chains, Part One: Security Risks

Enterra Insights

That means maritime shipping lies at the very heart of the global logistical system. At the time, Ron Widdows , former chairman of the World Shipping Council, reported that piracy was costing “the global shipping industry anywhere from $3.5 3] Neither security risks nor climate risks are easily addressed.

article thumbnail

This Week in Logistics News (January 13 – 19)

Logistics Viewpoints

In the past weeks, ocean freight rates have risen as much as $10,000 per 40-foot container, as container ships seeking to avoid the attacks embarked on long detours around the Cape of Good Hope in South Africa, diverting more than $200 billion of cargo away from the critical trade artery. And now on to this week’s logistics news.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in Logistics News (April 6 – 12)

Logistics Viewpoints

To strengthen America’s climate resilience, President Biden has secured more than $50 billion for climate resilience and adaptation through the Bipartisan Infrastructure Law and Inflation Reduction Act, and established a National Climate Resilience Framework , which is advancing locally tailored, community-driven climate resilience strategies.

article thumbnail

Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

Suez Canal News Update The Suez Canal is a crucial lane for global shipping, with 50-60 vessels of all types transiting each day for about 19,000 per year, including about 30% of global container traffic and more than a million barrels of crude oil per day. Live map of Suez Canal and Red Sea, Dec.

Freight 250
article thumbnail

The Impact of the Red Sea Ship Attacks on Global Supply Chains and Logistics

Resilinc

Understand how the recent Red Sea ship attacks are impacting global supply chains and how to mitigate potential risks. Ships are avoiding Egypt’s Suez Canal, the shortest maritime route from Europe to Asia and one of the world’s most important waterways, which accounts for about 12% of the world’s shipping traffic.

article thumbnail

This Week in Logistics News (May 14 – 20)

Logistics Viewpoints

Autonomous cargo ship completes 500-mile voyage. Wingcopter to deploy 12,000 drones across Africa. Nations aim to secure supply chains with “friend-shoring”. The company also announced that is secured a partnership with carrier company U.S. Uber Eats pilots autonomous delivery with Serve Robotics, Motional.

article thumbnail

This Week in Logistics News (May 27 – June 2)

Logistics Viewpoints

“When letter carriers deliver mail in our communities, dogs that are not secured or leashed can become a nemesis and unpredictable and attack,” said Leeann Theriault, USPS employee safety and health awareness manager. Help us deliver your mail safely by keeping your dog secure and out of the way before your carrier arrives.”