Red Sea shipping issues have been the hot topic this quarter for phenol, acetone and their derivatives, with import delays opening up domestic demand opportunities and leading to a firmer price sentiment in some markets. Rising feedstock and sea freight costs are a key area of focus. But these...
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In further analysis, the firm identified an increase in the average speed of vessels on voyages between the Middle East ports and terminals in Europe via the Red Sea during January and February, up from 13.5 knots last year to 15.75 knots, an increase of 16.75%. The increase in speed, whi...
Multiple categories of consumer products have been impacted by the attacks on shipping in the Red Sea, Anand says. The result has been extended lead times for getting goods to market, as some retailers divert shipments around the Cape of Good Hope, while others opt for air...
Explore the Red Sea Crisis's far-reaching global shipping and trade impacts. Learn about disruptions, costs, and strategies to navigate these challenges.
Once the current crisis eases, circumnavigating the Cape won't be a cost-effective or time-efficient strategy, given the additional expenses and extended transit times it involves. Will ships divert from the Red Sea through the Artic in the spring? It's unlikely, as specialized ve...
3. What is the impact of the Red Sea crisis for shippers and consumers? Shipping costs up again and delays hit consumer markets in subsequent months Container vessels predominantly carry finished consumer goods, and semi-finished products are most impacted by the disruption. An estimated...
In the Gaza Strip, the ongoing high temperatures have intensified the plight of displaced Palestinians and led to a severe public health crisis. Richard Peacock, an official responsible for overseeing health affairs in the Gaza Strip and the West Bank of the Jordan River, stated on June 21 tha...
I have spent much time gazing at the sea in leisure and have seldom exerted myself, but it is my pleasure to aid others in need.The battle ahead is fraught with peril. Millennia later, both you and I may linger in this world no more. When the time comes, someone can return this ...
The educational and public works programs (roads, railways, telegraphs, and irrigation) continued with little interruption; in fact, some were stimulated by the thought of their value for the transport of troops in a crisis. But insensitive British-imposed social measures that affected Hindu ...