India's ethane imports from the US are being delayed by vessels taking longer journeys around the Cape of Good Hope instead of the Suez Canal to avoid the risk of attack in the Red Sea, potentially disrupting term contract discussions for the country's new ethane-fed cracker projects.LPG ...
India's agriculture exports drop 3% to $5.88 bn in Q1 on Red Sea crisis,India’s agriculture exports contracted 3 per cent to $5.88 billion during the first quarter of the f
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...
In late December,Maersk applied a transit distribution surcharge (TDS), which had an instantaneous impact on dozens of trade routes. After announcing that it would resume Red Sea voyages, the company stated that it would impose anemergency contingency surcharge (ECS)on routes beginning in 2024...
Active Freight Logistics Tackles Red Sea Crisis with Strategic Measures Optimizing routes to minimize exposure to risk, negotiating with insurance providers for favorable rates, and investing in technology to improve efficiency, are measures to mitigate the negative impact on logis...
Before humans see it, they’ll feel it: itchy eyes, sneezing, coughing, and shortness of breath are all clues to a present bloom.
“This is a crisis that has global implications for the maritime shipping industry,” Lamar said. As of Jan. 19, Flexport says, almost 25% of global shipping capacity is being or will be diverted from the Red Sea, adding thousands of miles and a week or two to trips. ...
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...
Pushpank Kaushik, CEO of Singapore-based NVO and ship agent Jassper Shipping, toldThe Loadstarthat the Red Sea crisis was posing widespread marine liability insurance issues for the industry. “The situation is very unstable and it’s hard to estimate premiums,” he said.“This cost escalation...
CMA CGM to resume Suez transits on India-US east coast service CMA CGM is reportedly preparing to resume Suez Canal transits with a key service linking ... CMA CGM Houthis India-North America Ocean Alliance Red Sea Crisis Suez Canal Nov 6, 2024• 0 Comments• Share Houthis earn $...