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Though Israel’s war with Hamas has so far not had much impact on ocean logistics , Houthis from Yemen, after threatening to target Israeli ships, hijacked a car carrier vessel in the Red Sea with ties to Israeli owners this week, raising concerns of broader supply chain impacts from the war. Transatlantic rates increased 9% to $2.00/kg
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. led coalition has positioned warships in the region to protect commercial vessels and has launched airstrikes on Houthi targets in Yemen, but that hasn’t put a stop to Houthi attacks on vessels.
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. This has forced ocean carriers to avoid the sea and take a much longer route to Europe around the southern tip of Africa.
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.
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.
The US has indicated that the naval force will use a defensive strategy to secure the waterway, while the Houthis have threatened to attack US Navy ships if Houthi positions in Yemen are targeted. The UK says it is considering targeting Houthi positions in Yemen in response to the continued aggression.
As a military solution to the attacks has proved elusive, the US envoy to Yemen is also exploring diplomatic incentives to bring the disruption to an end. In air cargo, Red Sea-driven disruptions to ocean freight are still pushing some volumes to the air out of India, though demand is easing somewhat. Ocean rates from Asia to N.
And though there were expectations of a significant move to air and sea-air logistics, so far the shift seems moderate and more pronounced for sea-air than for air cargo. America air cargo rates climbed 11% last week to $5.33/kg, Freight news travels faster than cargo Get industry-leading insights in your inbox.
The Suez is facing a different set of challenges though, as Houthis in Yemen attacked three more vessels – two bulk carriers, and an OOCL container vessel they determined to have links to Israeli-ownership – and a US Navy ship on Sunday. Freight news travels faster than cargo Get industry-leading insights in your inbox.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Despite US and UK strikes on Houthi positions in Yemen, attacks on Red Sea traffic continued this week, both on US naval assets and commercial vessels. Freightos Air Index rates for China to N.
Longer ocean transits are expected to push some volumes to air cargo. Freight news travels faster than cargo Get industry-leading insights in your inbox. This statement was followed by a China representative to the UN also calling for the attacks to end. Through last week, Freightos Air Index rates for Asia – N.
You can’t just turn around a giant cargo ship. Once cargo has shipped, there are no “backsies.” Everything from custom duties to cargo inspections can create bottlenecks within the supply chain. Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. By Ali Hasan Raza. In 2017, the U.S. had a trade surplus of $24.5
US and UK strikes on Houthi positions continued last week as well, and the US Federal Maritime Commission is considering implementing maritime sanctions on Yemen as an additional measure. In air cargo, though rates out of Asia and the Middle East were level or easing on most lanes last week, Freightos Air Index data shows China – N.
International tensions are rising as the UK is considering targeting Houthi positions in Yemen and Iran moved a warship to the Red Sea on Sunday, stating that Iranian naval vessels have periodically been in the Red Sea “”to secure shipping lanes, repel pirates, among other purposes since 2009.” America East Coast peak of $22k/FEU.
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. The Suez Canal, for example, is crucial for energy and cargo shipments moving between Asia and Europe.
Houthis in Yemen continued their attacks on vessels in the region last week, including a deadly strike on a tanker. In air cargo, B2C e-commerce demand is expected to keep ex-China volumes and rates elevated through what is normally slow season and into Q4’s peak season. Freightos Air Index rates out of China dipped slightly to $5.34/kg
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!
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.
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.
Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. has been working to negotiate a ceasefire in Yemen. As of late February 2024, CMA CGM is now shipping cargo through the Red Sea trade route.
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.
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.
Disruptions to ocean freight has led to some shift to air cargo as reflected in increased air volumes on some lanes recently. America air cargo rates climbed 14% last week to $6.06/kg, Air cargo demand should also ease as LNY begins and Red Sea-driven air demand should subside as well as ocean operations continue to stabilize.
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.,
Navy’s SEAL Team 3 began to climb aboard an unflagged ship that was carrying illicit Iranian-made weapons to Yemen. Customers of maritime shipping firms not only want to protect their goods they also want to avoid higher insurance and additional shipping surcharges for cargo transiting the Red Sea. Baldor recounts what happened.[6]
hit 18 Houthi targets in Yemen on Saturday in response to a recent surge in attacks by the Iran-backed militants on ships in the Red Sea and the Gulf of Aden. The bombings focused on military targest in eight locations in Houthi-controlled areas in Yemen, the U.S. The next time a leap year will be skipped is the year 2100. and the U.K.
Houthi statements indicate they will cease targeting US vessels as long the US holds off attacks on Houthi positions in Yemen, but they promise to continue attacks on Israel and it is unclear what all this means for vessels from other countries.
Houthi statements indicate they will cease targeting US vessels as long the US holds off attacks on Houthi positions in Yemen, but they promise to continue attacks on Israel and it is unclear what all this means for vessels from other countries.
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.
The group claims it will not target vessels making Israeli port calls or partially owned by Israeli companies or individuals, but will attack vessels wholly-owned by Israeli entities or flying the Israeli flag and would also attack US or UK vessels in response to any new US/UK strikes of Houthi positions in Yemen. kg to Europe.
In the past weeks, ocean freight rates have risen as much as $10,000 per 40-foot container, as container ships seeking to avoid the attacks embarked on long detours around the Cape of Good Hope in South Africa, diverting more than $200 billion of cargo away from the critical trade artery. 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. The April 5 incident is one of hundreds in which massive cargo ships lost propulsion, many near bridges and ports, according to a Washington Post analysis of Coast Guard records.
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