Impacts to supply chains from the conflict in the Red Sea have just begun. See three factors global shippers need to be prepared for as the disruption continues, including how the timing of other supply chain disruptions, such as Lunar New Year, will ele
“They are fundamental to the flow of international trade,” Forgione said in a statement Friday. “Without them operating smoothly, the domino effect of damage and disruption to supply chains caused by ships delayed and in the wrong places will be substantial.” ...
BCC trade policy head William Bain said: “This research gives us immediate insight into the impact of Red Sea disruption on UK businesses. “There has been spare capacity in the shipping freight industry to respond to the difficulties, which has bought us some time. And recent Office for Nat...
The Red Sea is an important shipping conduit for the Suez Canal, a vital artery for global trade. Photo: Sayed Hassan/Getty Images The disruption caused by Houthi attacks on cargo ships in the Red Sea is forcing U.S. retailers to rethink how they handle back-to-school...
(PCS) were introduced over the pandemic and amid the current Red Sea crisis, container liners have implemented ‘transit disruption charges’ (TSD). This extra fee, combined with a peak season surcharge ahead of the Chinese New Year (PSS), has pushed up container rates. These fe...
Concerns over an ongoing disruption to international trade have led to a notable spike in container shipping prices on major global routes during a week characterised by rising tensions and military manoeuvres in the Red Sea. The U.S. and U.K. airstrikes in Yemen, which were intended to ...
the Red Sea carrying corn from Brazil. The U.S. central command (Centcom) said February 13 the ship reports being seaworthy with minor damage and no injuries to the crew. The attack is the first one after a six-day lull, raising fears of further disruption to goods more vital than t...
US President Donald Trump’s proposal to take over Gaza has hit hopes of a return to the Red Sea route after more than a year of disruption, according to shipping executives. Trump’s shock announcement this week has raised ...
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 percent of the world's trade by volume. "They have the capability to cause major disruption," said Al-Asbahi, pointing to the...
The first is a bi-weekly direct service along the Red Sea connecting major ports in Saudi Arabia, Yemen and Djibouti, targeting the growing cargo volumes in the Red Sea trade corridor. The second, MEDSA, connects the Mediterranean with Brazil. ...