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Pirates Board Commodity Ship Off the Coast of Somalia

Supply Chain Brain

The attack is the most recent sign of a fresh bout of Somali piracy in the Indian Ocean, coinciding with a slew of attacks on merchant shipping in the Gulf of Aden and the Red Sea.

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The Consequences of Supply Chain Constipation

Enterra Insights

Nearly a week ago, a cargo ship — which if it stood on its end would be taller than either the Empire State Building or Eiffel Tower — ran aground in the canal completely blocking the waterway. Goodman and Reed observe, “The route around Africa involves crossing through an area off Somalia that is rife with piracy.

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High Seas Troubles Affect Global Supply Chains, Part One: Security Risks

Enterra Insights

That means maritime shipping lies at the very heart of the global logistical system. You might recall that during the first decade of this century, piracy was a growing concern with Somalia at the epicenter of pirate activity. ” Unfortunately, these security concerns are not the only challenges international shipping is facing.

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Southeast Asian Pirates: Nothing to Shiver your Timbers Over

Elementum

There is chance of a rise in insurer premiums for ships that travel that area, which could lead to increased shipping costs. The scalawags have shown little interest in taking crew members hostage – they spook easily when confronted by authorities, and generally do not board ships in search of cash or products.

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Strategic moves among logistics providers

Supply Chain Movement

Eyefortransport is currently seeing major consolidation occurring in the shipping industry and expects to see further moves as logistics providers look to take advantage of e-commerce, cross-border trade and shifting global demand. Saint Vincent and The Grenadines. San Marino. Sao Tome and Principe. Saudi Arabia. Seychelles. Sierra Leone.

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Download now: 3PL Subway Map Europe 2016

Supply Chain Movement

Eyefortransport is currently seeing major consolidation occurring in the shipping industry and expects to see further moves as logistics providers look to take advantage of e-commerce, cross-border trade and shifting global demand. Saint Vincent and The Grenadines. San Marino. Sao Tome and Principe. Saudi Arabia. Seychelles. Sierra Leone.

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