The escalating conflicts in the Red Sea have severely impacted logistics operations for shippers and 3PLs (third-party logistics providers) worldwide. The webinar “From Disruption to Adaptation: Navigating Through the Impact of a Red Sea Crisis” organized by the Global Supply Chain Council and su...
No quick fix for Red Sea shipping risks, impact potentially drags on to 2Q 2023 ended with new disruptions for trade and supply chains following the security crisis in the Red Sea and there’s no end in sight yet. To avoid Houthi militant attacks on their vessels in the Gulf ...
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
Blue Yonder's Roy Bridgland Says Red Sea Crisis Posing Supply Chain Problems, with Retailers Facing Uncertainty, as Moodys Data Hints at Long-Term Impact
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 ...
Shipping executives warned that automakers already struggling with supply chain issues will face further challenges due to safety issues in the Red Sea and the diversion of car carriers. Affected by the Red Sea crisis, NYK Line and Kawasaki Kisen have both decided to stop crossing the Red Sea....
Prime Time Logi Services offers innovative logistics solutions to mitigate impact of Red Sea crisis, ensuring uninterrupted supply chains & minimizing disruptions.
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...
Red Sea / Suez Canal Shipping Crisis Major Shipping Companies Suspend Operations and Reroute Vessels December 21, 2023 In a significant escalation of tensions, Yemen’s Houthi militia has expanded its threats to target ships sailing to Israel, causing disruptions and raising security concerns in the...
The overall cost to the international supply chain has also been driven up by the Red Sea crisis, said Wang Yangkun, head of the Transport Technology Development Research Center at the National Development and Reform Commission's Institute of Comprehensive Transportation. ...