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In 2024, the Houthis in Yemen launched more than 50 attacks on commercial vessels in the Red Sea, forcing shipping giants like Maersk and MSC to reroute traffic around Africa’s Cape of Good Hope. government would never ask General Electric to shut down a power grid in Asia, or Ports America to bottleneck cargo in Savannah.
Chokepoint Vulnerabilities and Rising Freight Rates Maritime transport has chokepoints. Yemen’s Houthi rebels said on January 20th that they will now limit their attacks in the Red Sea corridor to only Israeli-affiliated ships after a ceasefire began in the Gaza Strip. Avoiding this Canal means going around the Cape of Good Hope.
seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. US port operators seek to mitigate hefty expected tariffs on China-built port cranes U.S.
will stop bombing the Houthis in Yemen, saying that the Iran-aligned group had agreed to stop interrupting important shipping lanes in the Middle East. Maersk warns global container volumes could drop due to trade war Shipping group Maersk (MAERSKb.CO) said on Thursday container volumes plunged 30-40% between the U.S.
However, officials at the ports of Los Angeles and Long Beach have assured stakeholders that they are equipped to manage the increased cargo volumes without significant delays. Missile attacks on Israel by Houthi rebels in Yemen continue to make the Suez Canal route too unstable for most major container carriers.
– May 7, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Home Blanks keep rates level; no de minimis air rate collapse yet; US-Houthi truce first step to Red Sea return? Name This field is for validation purposes and should be left unchanged.
Germany begins trials to reopen Mosel river to shipping after accident damaged lock Authorities began trials to reopen the Mosel River in west Germany to domestic freight transportation over the weekend, with ships now able to use a damaged lock after an accident last week.
Agree to Framework Trade Deal Bloomberg Red Sea Ship Set Ablaze, Abandoned After Attack Near Yemen More from this author Subscribe to our Daily Newsletter! China Are Close to a Trade Deal That Could End U.S. Tariffs China, U.S. Timely, incisive articles delivered directly to your inbox.
Car Sales Leader Bloomberg Red Sea Ship Set Ablaze, Abandoned After Attack Near Yemen More from this author Subscribe to our Daily Newsletter! China Mercedes Car Sales Drop as Tariffs Crimp Demand in U.S., China An employee fits a Mercedes-Benz AG star badge in Bremen, Germany. Timely, incisive articles delivered directly to your inbox.
More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. In air cargo, Freightos Air Index data show China – N.
Each has the capacity to receive general merchandise items from suppliers in smaller freight loads, known in the industry as less-than-truckload (LTL), and consolidate them into larger freight loads known as truckloads (TL). Hyundai delivered 30 of its fuel cell trucks to Northern California.
This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. struck more than 60 targets at Houthi positions in Yemen, aiming to halt attacks on merchant ships. On January 11, the U.S.
Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen. It has forced a number of companies to re-route cargo around Africa’s Cape of Good Hope, adding days to journeys. Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen.
You can’t just turn around a giant cargo ship. Once cargo has shipped, there are no “backsies.” Shipping Overseas Anyone who has shipped freight by air or sea can attest to the fact that international shipping is complex — in no small part because of the rules and regulations around certain goods. By Ali Hasan Raza. Ali Hasan R.
More Resources Home July 23, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 4% to $5.34/kg. China – N.
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. Whatever you plan to do this weekend, we wish you a Happy St. Patrick’s Day, and say Sláinte!
Since mid-November, Houthi rebels in Yemen have intensified their assaults on commercial shipping vessels navigating through the lower Red Sea, in response to situation in Gaza. Reacting to the situation, ocean cargo rates have surged.
Since mid-November, Houthi rebels in Yemen have intensified their assaults on commercial shipping vessels navigating through the lower Red Sea, in response to the situation in Gaza. Reacting to the situation, ocean cargo rates have surged.
– May 7, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Home Blanks keep rates level; no de minimis air rate collapse yet; US-Houthi truce first step to Red Sea return? Email This field is for validation purposes and should be left unchanged.
Red Sea news: Air freight rates could spike as Red Sea attacks disrupt shipments Global trade drops 1.3% Red Sea news: Air freight rates could spike as Red Sea attacks disrupt shipments Global trade drops 1.3% This means that air cargo is about to play an expanded role in the supply chain ecosystem. Global trade declined by 1.3
cargo imports in May could hit highest level since last October Transloading is heating up again Hundreds of cargo ships lost propulsion in U.S. Transloading is the process of moving freight from truck to rail or rail to truck. The port handled 48,000 twenty-foot equivalent units (TEUs) in January.
Maritime analysts said increasing conflict could lead major container carriers to withdraw services in the straits, as attacks by Yemen-based Houthi rebels did in the Red Sea. “If The air attacks by Israel also killed two high-level Iranian military leaders.
Blog More Resources Home January 21, 2025 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data and anything else impacting the market. kg from China to North America, and more than $3.00/kg
SUBSTITUTED SERVICE (ALTERNATE PORT SERVICE) This provision shall govern the transfer of cargo by trucking or other means of transportation at the expense of the Carrier. Rates that are ramp or CY at origin apply from the inland rail carriers ramp at the place of receipt of the cargo by Carrier. Dangerous/Hazardous Cargo, N.O.S.,
As a result, widespread reroutings of ocean container traffic away from the Suez Canal continue, and ocean freight rates have begun to spike. This dispatch includes an update on the attacks and the ensuing implications for global freight. So far there have not been reports of any significant air cargo bump, though.
More Resources Home April 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 13% to $3.66/kg Europe – N.
More Resources Home January 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America air cargo rates climbed 11% last week to $5.33/kg,
More Resources Home December 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $6.30/kg Europe – N.
More Resources Home January 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 91% to $3.55/kg.
More Resources Home January 10, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America were level and N.
More Resources Home February 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 32% to $4.8/kg
More Resources Home January 3, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices stayed level at $5.85/kg
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. And now on to this week’s logistics news. They would then be able to tackle a more advanced task.
More Resources Home February 7, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America air cargo rates climbed 14% last week to $6.06/kg,
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