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November 21, 2023 Update

Freightos

America weekly prices decreased 6% to $5.23/kg America weekly prices increased 9% to $2.00/kg. America rates fell 6% last week, but remain 11% higher than in October, while China – N. Asia-Mediterranean prices (FBX13 Weekly) fell 5% to $1,487/FEU. Air rates – Freightos Air Index China – N. kg China – N.

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

Freightos

18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. This began on November 18th when an Israeli-owned car carrier was hijacked by Houthis – it remains held in Yemen. Live map of Suez Canal and Red Sea, Dec.

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April 9, 2024 Update

Freightos

America weekly prices decreased 13% to $3.66/kg America weekly prices fell 7% to $1.87/kg. As a military solution to the attacks has proved elusive, the US envoy to Yemen is also exploring diplomatic incentives to bring the disruption to an end. America have decreased by more than 30% from their February peaks, and to N.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

The US has indicated that the naval force will use a defensive strategy to secure the waterway, while the Houthis have threatened to attack US Navy ships if Houthi positions in Yemen are targeted. The UK says it is considering targeting Houthi positions in Yemen in response to the continued aggression.

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This Week in Logistics News (January 13 – 19)

Logistics Viewpoints

The security situation — which is even more precarious in the near term due to coalition air strikes in Yemen — has already driven spot container freight rates much higher. Drizly currently delivers beer, wine and spirits in states where it’s legal, and partners with retailers across North America. million customers.

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January 30, 2024 Update

Freightos

America weekly prices increased 11% to $5.33/kg America weekly prices increased 2% to $1.98/kg. America increased 38% to the West Coast last week, past $4K/FEU and 21% to the East Coast to the $6k/FEU level, while Asia to N. America air cargo rates climbed 11% last week to $5.33/kg, kg China – N. Europe – N.

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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

struck more than 60 targets at Houthi positions in Yemen, aiming to halt attacks on merchant ships. imposed sanctions on two companies based in Hong Kong and the United Arab Emirates for their involvement in financing commodity shipments benefiting Yemen’s Houthis. On January 11, the U.S. The next day, the U.S.