"Chinese, European, and American customers, as well as large international logistics companies such as DHL and Kuehne+Nagel, have shown strong interest in the new route passing the transcontinental maritime routes, attracting freight from China to Georgia, Turkiye, and Central and Eastern Europe, as...
The Red Sea Crisis: The Data Points With Lunar New Year just around the corner, the global shipping industry is still contending with the challenge of Houthi attacks in the Red Sea, with effects including rising freight rates, longer transit times, increased emissions, container shortages, and ...
The Red Sea Crisis: The Data Points With Lunar New Year just around the corner, the global shipping industry is still contending with the challenge of Houthi attacks in the Red Sea, with effects including rising freight rates, longer transit times, increased emissions, container shortages, and ...
The Red Sea crisis (RSC) is an ongoing military conflict affecting maritime trade. Based on automatic identification system data, this study analyzed the changes in vessel behavior in the Red Sea using the seasonal decomposition method. The number and speed of vessels decreased significantly after ...
The Red Sea crisis disrupts global trade, impacting shipping costs and prices in Europe. Major companies like Maersk suspend operations, affecting the crude oil market and refined product prices. Feb 06, 2024
Longer journey times,shortages of vessels and potential port con-gestion challenge a sector already under huge financial pressure.The unfolding shipping crisis in the Red Sea presents a real challenge for the global textile recycling trade.The most obvious implication is the additional 10 to 14 days...
The Red Sea crisis and chokepoints to trade and international shippingdoi:10.1057/s41278-024-00296-yHercules HaralambidesHercules E. HaralambidesPalgrave Macmillan UKMaritime Economics & Logistics
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 ves...
And, while the Panama Canal Authority has been gradually increasing transit numbers, as the rainy season approaches, Mr Wu said they remained below pre-restriction levels. Meanwhile, Mr Wu said, Evergreen’s performance for Q1 24 was expected to beat forecasts, as the Red Sea crisis had abs...
Toft pledged to resume using the Suez Canal "as soon as the security situation stabilizes in the Red Sea and Bab Al-Mandab regions," voicing their intention to invest more in Egyptian logistics projects. However, he reiterated concerns about crew and vessel safety after attacks on some MSC sh...