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Red Sea Insurance Premium Spikes as Houthi Risks Return

Supply Chain Brain

Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. That’s up from 0.2%

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PayCargo and Gnosis Freight to Power Container Payment Portal for Hapag-Lloyd

Logistics Viewpoints

Hapag-Lloyd has released plans to utilize the newly developed Container Payment Portal (CPP) to accelerate cargo movement for customers and supporting terminal operators. It ensures secure, efficient, and transparent transactions, helpingHapag Lloyd’s terminal partners and customers improve cargo flow across U.S.

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This Week in Logistics News (August 10 – 16)

Logistics Viewpoints

The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. Cargo imported into the U.S. are then directly transported to a Walmart fulfillment center.

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This Week in Logistics News (May 28 – June 3)

Logistics Viewpoints

How Shanghai’s lockdown is dampening Port of Oakland volumes. Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. And now on this week’s logistics news. s CargoNet.

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This Week in Logistics News (May 4 – May 10)

Logistics Viewpoints

Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday. Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal.

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This Week in Logistics News (April 23 – 29)

Logistics Viewpoints

USDA funding supports Port of Oakland pop-up container yard. As part of the journey, the Zevo 600 transported a shipment of Full Circle sustainable cleaning products from its headquarters in New York City to a MOM’s Organic Market location in Washington, DC, a Mid-Atlantic chain of family-owned and operated organic grocery stores.

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Ocean Freight Routing Terms Explained

Material Handling & Logistics

This acronym stands for All Water Service, which is one of the most cost-effective ways to ship your cargo, and also one of the most eco-friendly ; however, it’s also one of the slowest forms of freight transportation. With AWS, your cargo will be shipped from the port of origin to its destination using only water routes.