ABOARD AIRCRAFT CARRIER USS DWIGHT D. EISENHOWER – “Home Sweet Home” by Motley Crue blasted through the ship’s speakers as Commanding Officer Capt. Christopher “Chowdah” Hill made his morning announcement.
Up on the flight deck, Lee Greenwald’s “God Bless the U.S.A.” and Guns N’ Roses’ “Sweet Child of Mine” played while sailors performed their...
Despite efforts to deter them, multiple Houthi attacks continue to make Red Sea transits a risky business. UKMTO today reported attacks involving two merchant vessels. In the most recent, which took place at 12.00 UTC, 97 nautical miles northwest of Al Hudayah, Yemen, the master of a vessel reported being attacked by an uncrewed surface vessel that impacted the port side of his ship, causing some damage and light smoke. The vessel was reported safe and proceeding to its next port of call.
That...
A disconnect is arising between actual demand for cross-border air cargo service through the first half of 2024 and forecasts for the full year, raising questions about whether the current surge will strengthen during the traditional busy season starting in mid-September or lose energy.
Although the e-commerce fervor powering the air cargo market shows no signs of cooling down, that doesn’t mean other market drivers won’t. Many shippers are pulling forward fall orders to minimize the chance of...
https://www.freightwaves.com/news/air-cargo-surge-could-be-at-expense-of-peak-season-growth
Severe storm conditions off the coast of South Africa have temporarily halted vessel movements. The rough seas are exacerbating supply chain delays caused by diversions around the Red Sea to avoid Houthi rebel attacks on commercial shipping, according to logistics companies and commodity analysts.
Denmark-based Scan Global Logistics alerted customers on Wednesday that extreme weather conditions around the Cape of Good Hope have forced container lines to seek shelter from high winds and waves...
https://www.freightwaves.com/news/extreme-weather-blocks-vessel-traffic-around-south-africa
Ongoing attacks on vessels in the Red Sea by Yemen’s Houthis continue to disrupt shipping lanes in the chemical industry’s supply chain, according to Al Greenwood, chemicals expert and deputy editor at ICIS.
“It’s having an impact mainly in Europe and Asia. It’s rearranging routes because the rates for containers have really gone through the roof,” Greenwood told FreightWaves in an interview.
ICIS is a London-based provider of chemical and energy intelligence with 15 offices worldwide.
Greenwood...
The challenges facing the world of trade have unfortunately become white noise. Seafarers have been taken hostage, some have lost their lives in vessel attacks, and ships have sunk to the bottom of the ocean. Yet the threat to the freedom of navigation and the ramifications of these Red Sea attacks have become part of the doom-and-gloom background noise in the world of news. Everyday consumers have no idea what’s going on unless they read trade news. The waves of uncertainty and the hairballs...
https://www.freightwaves.com/news/overseas-shipping-problems-remain-largely-under-consumers-radar
Attacks by Yemen’s Houthi rebels on merchant shipping in the Red Sea, the Indian Ocean, the Gulf of Aden, and the Arabian Sea continue apace. The Iran-backed Houthis are very well equipped with multiple attack drones and with anti-shipping cruise and ballistic missiles. These weapons are based...
UAE port operator the AD Ports Group and the Red Sea Ports Authority (RSPA) of Egypt have entered into a definitive concession agreement for the development, operation, and management of three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports. The AD Ports Group’s total investment of...
The Philippine Department of Migrant Workers (DMW) has confirmed that the 21 Filipino crewmembers of a commercial vessel that suffered damage in an attack by Yemen’s Houthi rebel group last week have been safely evacuated. The sailors of the Liberia-flagged, Greek-owned coal carrier Tutor were...
