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This Week in Logistics News (March 9 – 15)

Logistics Viewpoints

The tolls that ships pay are now around eight times more expensive than normal. Ship operators fear that their crews could be imperiled on the journeys through the Red Sea by missile or drone attacks from a Yemen-based rebel group. Cargo volumes through the Suez and Panama canals have plunged by more than a third.

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Flexibility in the Face of Uncertainty

Freightos

The interesting shift here, though, is that there’s a whole world of alternative shipping routes. The traditional China-Northern Europe route alternative banked on sea freight to Dubai, followed by air shipping to the final European destination. In other words, ocean cargo costs would cost about $0.21/kilogram

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

In fact, the hard reality is that looking back over the past decade, supply chains have been disrupted by shipping bankruptcies, wars, pandemics, geopolitics and tariffs. They should monitor the evolving geopolitical situation and adjust their shipping strategies accordingly. Most of these are nearly impossible to plan for.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue.

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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters. Some ships were delayed by as much as 21 days. 55 to 125 million gallons per ship, depending on size—to move ships through the canal.

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12 Freight Charges and Freight Fees: A Guide to Common Freight Shipping Costs, Charges, and Fees

Intelligent Audit

And they form the basis of the two most crucial shipping documents, says the Balance SMB. Here are some of the most common costs, charges, and fees shipping managers need to keep top of mind. Cargo Insurance. When dealing with shipments coming in or going out to tries, surcharges are often added to the shipping rates.

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February 22, 2024 Update

Freightos

Judah Levine February 22, 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 1% to $4,889/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,764/FEU.