Due to attacks on ships in the Bab el Mandeb Strait, shipping companies have decided to put a halt to voyages through the Red Sea, which will impact the time of transportation between Asia and Europe. At the same time, ferroalloys prices are mainly stable, except for the European manganese...
the Red Sea in response to Houthi attacks and the prospect of further assaults, other companies, including the Danish freight company Maersk, implemented fees to transport goods. In late December,Maersk applied a transit distribution surcharge (TDS), which had an instantaneous impact on dozens o...
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...
a sales manager at Zhejiang Kingston Supply Chain Management Co — a Yiwu, Zhejiang province-based international logistics company — said many ports in the Red Sea have temporarily become inaccessible, with shipping companies notifying clients that they cannot proceed as originally planned. ...
Recent attacks in the Red Sea by Houthi militants in Yemen have caused majorfreightcompanies, including Denmark’s A.P. Moller-Maersk, Swiss-based MSC and French group CMA CGM, to choose to reroute their ships away from the Suez Canal. ...
Please note that no Russian companies or rail services are involved. However, capacity is being utilized rapidly. When is DHL SeAir the most cost-effective option? If current rates from Asia continue to climb ahead of the Chinese New Year, DHL SeAir could prove to be a beneficial...
Mitsui OSK Lines and Nippon Yusen, Japan's largest shipping companies, said their vessels with links to Israel were avoiding the Red Sea area and both companies were monitoring the situation carefully for next steps.
Almost two fifths of more than 1,000 companies surveyed were impacted by the Red Sea disruption. Credit: Studio concept via Shutterstock.com. More than half of UK retailers and exporters have experienced the impact of shipping disruptions along the Red Sea trade route in late 2023 and early 20...
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.
conference in Beijing, He Yadong, a ministry spokesman, said the Red Sea is an important international trade route. The ministry will strengthen coordination with other government branches, closely monitor the situation in the region, and provide timely support and assistance to Chinese companies. ...