The quadruple whammy in West Asia since late 2023 - Israel-Gaza war and Red Sea crisis involving Al Houthis, Somali piracy, and Israel-Iran deterrence show - has tested India's equidistant foreign policy. While New Delhi has been diplomatically neutral on the political contex...
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...
in the crisis do not necessarily align with the priorities set out by the eu. besides, in response to the intensifying us-led air strikes, houthi militants have reacted fiercely by vowing that all us and uk ships are "legiti...
“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. ...
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...
Borrell said that businesses have been demanding EU action,given the trade implicationsof forcing merchant ships to bypass the Red Sea on their way to and from Europe. “Many European firms asked us to do that because their business model is suffering a lot due to the high increase in cost...
Pressure from customers has apparently caused French mainline operator CMA CGM to u-turn on plans ... Cape of Good Hope CMA CGM Red Sea Crisis Nov 14, 2024• 0 Comments• Share Maersk ends contract with Indian 3PL after its role is 'over-hyped' Controversy over a 3PL hired by Maers...
CMA CGM to adapt the setup of its NEMO service connecting Europe with Indian Ocean & Australia: Temporary update during Red Sea crisis
While global shipping has already been disrupted through the Red Sea, a crucial route for cargo and energy shipments from Asia and the Middle East to Europe, the sabotage of telecommunication lines could further escalate the months-long crisis. ...
Pressure from customers has apparently caused French mainline operator CMA CGM to u-turn on plans to operate its INDAMEX (Indian Subcontinent-US East Coast) service through the Suez Canal, just weeks after announcing it. It said it would drop the lengthy detour round the Cape of Good Hope in...