Read the latest developments of the Red Sea situation, compiled by the Ocean Freight Experts of DHL Global Forwarding.
In the wake of escalating tensions and security threats in the Red Sea, major shipping companies are grappling with critical decisions to ensure the safety of their vessels and crews. The crisis, marked by recent attacks on container ships, has prompted a swift and varied response from industry...
“warehouse” for a lot of solar modules manufacturer can benefit from crisis as current stock prices will be more competitive comparing with new stock coming in future months because of sea freight costs. This can help a lot of providers to decrease local stock and s...
Red sea crisis highlights vital role of China-Europe rail freight Interest in cross-border services increases due to concerns over shipping delays, costs Gantry cranes hoist China-Europe freight train containers in Xiliin Gol League in the Inner Mongolia autonomous region, on Oct 18, 2023. YANG ...
But the Red Sea crisis is now having a significant impact further afield with shipping costs between Asia and the U.S also spiking. Shipping rates from North Asia to the U.S. East Coast have jumped 137% to $5,100 for a 40-foot container from early October, according to S&...
Amid the Red Sea crisis that has severely disrupted a critical seaborne route for global trade, a fleet of "steel camels", referring to the freight trains running on the China-Europe railway, stands out as a land-based alternative, said Fu Cong, China's ambassador to the European Union. ...
According to reports from professionals, due to the Red Sea shipping crisis, global shipping giants such as Maersk, Hapag-Lloyd, and Mediterranean Shipping Company have avoided the Red Sea shipping route, resulting in extended voyage times and decreased shipping capacity, leading to significant ...
INSIGHT: Red Sea crisis impact on containershipping lessens, ocean freight rates easing SINGAPORE (ICIS)--The impact of shipping disruptions on ocean freight and supply chains arising fromthe Red Sea crisis seems to have steadied for now, with rates starting to ease following the Lunar NewYear ...
It is widely believed in the industry that the impact of the Red Sea crisis on China's cotton and cotton textile industry is "short, long and empty", which is limited and optimistic. The reasons are as follows: First, the Red Sea crisis has not only affected the export of textiles/clot...
according to a Freightos Freight Market Update published December 20. Nineteen percent of the world’s container trade — or more than 100 vessels — has already been diverted away from the Suez Canal and Red Sea in favor of an alternate route around the Cape of Good Hope, adding ...