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November 21, 2023 Update

Freightos

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. America weekly prices decreased 6% to $5.23/kg

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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. One source said that the strategy could be announced Tuesday. tons of fuel each day.

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Navigating the Red Sea Crisis with Blue Bonder’s Control Tower Insights

BlueYonder

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. By one estimate, “Ocean freight rates have increased by more than 200% since the Red Sea crisis escalated in mid-December.”

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Navigating the Red Sea Crisis with Blue Yonder’s Control Tower Insights

BlueYonder

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. By one estimate, “Ocean freight rates have increased by more than 200% since the Red Sea crisis escalated in mid-December.”

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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 250
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This Week in Logistics News (January 13 – 19)

Logistics Viewpoints

I certainly saw a lot of exhibitors touting their AI capabilities, especially when it came to more informed decision making across the entire supply chain network. Red Sea news: Air freight rates could spike as Red Sea attacks disrupt shipments Global trade drops 1.3% But I will get into the details in a future article.