Challenge (1): How can the RSC impact on vessel behavior and maritime shipping networks be explored? As an important link connecting regions worldwide, exploring this transmitted from the Red Sea to global maritime shipping networks can help estimate the crisis losses. Challenge (2): How can th...
Carriers have introduced more than 50 surcharges across over 100 different trade routes. Additionally, certain additional services, such as Freetime, may be reduced as the focus shifts towards ensuring the prompt return of equipment. Outlook
Jindal Stainless Limited (JSL) indicated that because of the crisis in the Red Sea, its export shipment might be impacted, and it revised its stainless steel export growth target in the fourth quarter of the fiscal year 2023-24 from 15% to around 12%. However, despite the global stainless ...
"The Red Sea crisis has had a significant impact on Suez Canal's shipping industry, resulting in a sharp decrease in the number of passing ships," said an employee of the Aldunfah Beach Club. Industry insiders were among the first to feel the impact of the worsening situation. Khaled Tony...
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...
Asia and Europe, hundreds of vessels are opting to suspend operations, bypass the area and navigate around the Cape of Good Hope in South Africa. There is a risk that ocean shipping in the area will remain unstable for the time being, and the Red Sea crisis being closely monitored world...
The Red Sea Crisis: Direct Impact on SMB Importers Concerns still abound, especially – for now – theRed Sea crisis, with most importers (60%) worried about the impact of route diversions on logistics operations and costs. The second place concern is uneasiness around the long-term impact...
Second, although the Red Sea crisis also has a certain impact on China's textile and clothing exports to Europe (the routes in Europe and the Middle East have been empty), on the one hand, China Europe trains are more alternative to shipping. The space of China Europe trains has been bo...
Spanish Port Traffic Surges Due to Red Sea Crisis More Reuters FILE PHOTO: Flames and smoke rise from the damaged Greek-flagged oil tanker MV Sounion, which has been on fire since August 23, after an attack by Houthi militants, on the Red Sea, September 15, 2024 in this handout image....
Without a reassessment of Washington's interventionist approach, the expert warned that the Red Sea crisis risks further escalation, potentially drawing in regional actors and transforming the crisis into a broader conflagration with grave consequences for the entire Middle East. ...