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

Freightos

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen.

Freight 247
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Freightos is going public…and how we got here

Freightos

In retrospect I’m pleased that I was blissfully ignorant of the fact that it would take so many years for even a single cargo airline, or container ocean liner, to provide an API (that is digital computer to computer connection) for instant rates, capacity, and electronic bookings. The Carrier Digital Revolution.

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24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” These risks come from a variety of sources, such as demands from the customers, a swinging political agenda and global sourcing.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. million square feet of warehouse capacity for more than 7 million square feet of total space and 38 warehouses. The company was started in Vineland, New Jersey as a national hauling company by Israel Brown in 1932.

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Red Sea Shipping Disruption- Developments and Indicators

Supply Chain Matters

Since our original commentary indicating that the Houthis terrorist attacks on ships, believed to be linked to the ongoing Israel and Hamas conflict, the situation remains very active and troubling, but confusing at the same time. That is in the light of expected excess shipping vessel capacity available in 2024. All rights reserved.