Updated: 2024 Red Sea Logistics Update by Jodi Louws | May 9, 2024 | News, Editorial, Origin & Supply Chain Education | Royal Coffee’s Inbound Traffic Specialist, Jodi Louws, shares her thoughts on the recent disruptions in the Red Sea and implications for coffee pricing and availability....
CBS News reporter Zak Hudak dives deeper into the supply chain effects. Jun 6 04:14 Yemen's Houthis say 16 killed as U.S. drops massive bunker-buster bomb The Iran-backed Houthis threaten to escalate attacks on Red Sea shipping after strikes by the U.S. and U.K. that the ...
Analysts say the rising tensions on the Red Sea could seriously affect global seaborne trade and the world's supply chain. Salam Al-Asbahi, a retired general of the Yemeni government forces, warns that the Houthi group can disrupt the Suez Canal-Red Sea corridor, which handles about 12 percen...
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 of Aden and the Red Sea, shipping companies and their clients continue to avo...
Oil prices are highly sensitive to turbulence in the Middle East, which hosts vast crude supply resources and neighbors key waterways. The U.S. and Britain launched strikes against Houthi targets, citing the defense of Red Sea passageways after a spate of attacks against shipping from the Yemen...
The recent shipping challenges in the Red Sea and Suez Canal have caused significant disruptions to global maritime supply chains. The blockage of the Suez Canal by the container ship Ever Given in March 2021, for instance, delayed thousands of containers loaded with consumer items and tied up ...
Gray believes the situation in the Red Sea will continue for some time, so the entire supply chain will have to adapt and plan accordingly for a few more months. "If this lasts for way longer, there are certain routes that could be reconsidered. For example, one that used to exist which...
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....
Geng said the Red Sea is an important corridor for the transportation of goods and energy. Ensuring the smooth flow of the waters and the safety of passing ships not only helps to maintain regional peace and stability but also contributes to the security of the global supply chain and internat...
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. ...