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April 24, 2024 Update

Freightos

Iran continues to hold the MSC-operated Aries and its crew, meaning that several hundred India-bound loaded containers will not arrive any time soon, and several thousand export containers waiting to depart from India on the Aries may face delays as well. Ocean rates beyond the Middle East and S. Likewise, Asia – N.

Iran 177
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April 16, 2024 Update

Freightos

These disruptions would also impact container hubs in India some of which are part of services that connect S. In air cargo, B2C e-commerce demand out of China continues to be the biggest driver of strong volumes, tighter capacity and upward pressure on rates to N. Asia and the Middle East.

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Interoceanic Passages

Abivin

Chokepoints (or bottlenecks) are a term used to describe the most crucial strategic marine routes because they: Capacity limitations. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. In 1956, Israel, France, and Britain invaded Egypt as a result.

Panama 52
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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

An escalation in conflicts, such as the Israel-Hamas conflict or a shift in Houthi targets to oil tankers and bulk carriers, could have severe implications for the global economy. 4 The Indian Market: Petroleum, Chemicals, and Cereals In FY 2023, about 65% of India’s crude oil imports—worth $105 billion—passed through the Suez Canal.

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This Month in Logistics News (December 30 – January 5)

Logistics Viewpoints

And now on to this week’s logistics news. Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. Two years later, it committed to importing $10 billion of goods from India each year by 2027.