article thumbnail

This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

led coalition has positioned warships in the region to protect commercial vessels and has launched airstrikes on Houthi targets in Yemen, but that hasn’t put a stop to Houthi attacks on vessels. These devices will also be required in all cars sold in the European Union beginning this July. And now on to this week’s logistics news.

article thumbnail

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.

Shipping 303
Insiders

Sign Up for our Newsletter

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

article thumbnail

January 30, 2024 Update

Freightos

Judah Levine January 30, 2024 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) increased 38% to $4,099/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 21% to $6,152/FEU.

article thumbnail

April 9, 2024 Update

Freightos

Judah Levine April 9, 2024 Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 9% to $3,294/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 19% to $4,309/FEU. Asia-Mediterranean prices (FBX13 Weekly) fell 19% to $4,316/FEU. Ocean rates from Asia to N. Prices to N.

Baltimore 247
article thumbnail

U.S.-Owned Cargo Ship Near Yemen Hit by Missile

Supply Chain Brain

The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.

Yemen 106
article thumbnail

January 16, 2024 Update

Freightos

Judah Levine January 16, 2024 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 5% to $2,588/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 7% to $4,278/FEU.

article thumbnail

February 28, 2024 Update

Freightos

Judah Levine February 28, 2024 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 2% to $4,809/FEU. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $6,709/FEU.