Wednesday #LogisticsPulse ????? Houthi rebels are reportedly extorting $2 billion annually from shipping lines in the Red Sea and Gulf of Aden, demanding payments for safe passage. ?? Since November 2023, over 130 attacks have targeted commercial vessels, pushing major shipping companies to divert around the Cape of Good Hope—adding costly delays of up to 14 days. ?? CMA CGM remains the only major carrier still operating through the region, despite the escalating risks. ?? These disruptions underscore the urgent need for adaptable logistics strategies in high-risk areas. https://bit.ly/4hzlu2N #SupplyChain #ShippingNews #GlobalTrade
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??????Breaking News?????? CMA CGM Halts Red Sea Transits Amid Houthi Threats; - CMA CGM suspends Red Sea transits after reported Houthi attacks on a chartered containership. - The company denies missile impact but later confirms explosions near the vessel, affecting schedules. - Similar to Maersk, CMA CGM responds to security concerns by halting all Red Sea transits. - Houthi threats persist, evidenced by recent missile firing towards Israel's Eilat. - Maritime tension in the Red Sea continues with companies adjusting routes for security. ?? Elevate your container shipping insights! ??? Subscribe to our FREE weekly newsletter for exclusive updates and cutting-edge analyses. ?? Join now: https://lnkd.in/dH4CEhzt ???? #containershipping #maritime #shippinglines #maersk #cmacgm #hapaglloyd #carriers #shipping #msc #globaltrade #yangming #wanhai #evergreen #seafreight #shipping #maritime #freight #export #import
Report: CMA CGM Suspends Red Sea Transits After Ship Was Twice Targeted
maritime-executive.com
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The past week has seen increase in attacks at #redsea #redseacrisis #redseaattacks #containershipping #containership #redseaupdate #ships #maritime #seafreight #exim #export #import #globaltrade #foreigntrade
The past week has seen an increase in attacks on shipping in the Red Sea, and a Houthi spokesperson has sparked fears of the ‘danger area’ expanding into the Arabian Sea.? In the past week, UK Maritime Trade Operations (UKMTO) has confirmed two attacks on vessels, the most recent yesterday, 111km south-west of Al Hudaydah, Yemen.? Meanwhile, Houthi spokesperson Yahya Saree said on TV yesterday that during the past 72 hours, Houthis had targeted a British ship and several US frigates in the Red Sea. He also said they had attacked two Israeli vessels in the Arabian Sea and Indian Ocean that were heading to Israeli ports. These claims have not been confirmed. Lars Jensen said the Houthis could be claiming this without any factual basis in the hope that the threat alone would cause more ships to start avoiding the Arabian Sea, and hence expand their?de facto?vessel blockade to a larger area. Charlotte Goldstone reports. #redsea #containershipping #houthi #houthiattacks #supplychain #logistics #redseacrisis #seafreight #oceanshipping
Red Sea update: More ships attacked as Houthis claim danger area 'expanding' - The Loadstar
https://theloadstar.com
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Due to the escalation of armed conflicts in the Red Sea, including attacks by Houthi forces from Yemen on commercial vessels, major shipping lines such as MSC and Maersk are being forced to choose the longer route around the Cape of Good Hope ???. The current risks associated with transiting through the Bab al-Mandab Strait stem from military actions, which are driving up operational costs and affecting global supply chains. Drone and missile attacks pose serious threats to maritime security, resulting in delivery delays of up to 10-15 days ???. This situation significantly impacts delivery schedules and freight costs, with rates on some Asia-Europe routes increasing by as much as 100%, which in turn affects global commodity and oil prices. The increased shipping activity around South Africa is also presenting challenges for local ports, such as Cape Town and Durban, which are struggling with bureaucracy and congestion ????.?
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Passionate Idealist, Creative & Strategic Thinker, Innovative Problem-Solver, Eternal Optimist
Cargo vessel, Rubymar, in Gulf of Aden on verge of sinking due to missile attack by Yemeni Houthi rebels. About 12% of global trade passes through the Gulf of Aden and re-routing vessels around the Red Sea adds ~9-17 days of transit time. Right now, more than 50% of global maritime trade is at threat of disruption in four key areas of the world. https://lnkd.in/gGRs3R-S #supplychain #oceanfreight https://lnkd.in/gJKVyVrF
British-registered ship abandoned amid fears it will sink after Houthi double strike in Gulf
msn.com
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CFIB supports a new pilot project for the trucking industry; East and Gulf Coast (U.S.) ports strike on Oct. 1; Haiti’s main seaport attacked by gangs for a second time this year. Don’t miss out! Explore the latest news in global supply chain and logistics with our Freight Market Update: https://bit.ly/3zSgkxF #FreightMarketUpdate #RadiantDelivers #SupplyChainNews
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Global Sr Sales Executive Logistics Optimization at Unisys | Driving Optimization Through AI | 8x President's Club Award Winner
"Capacity could become tight as peak period in Q3 is already seeing some advance contracts being signed." The ability to optimize capacity and manage exceptions is critical to lowering OpEx costs and increasing revenue opportunities per flight. Unisys can help with Logistics Optimization #AirCargo, #Logistics, #AI
WHAT A DIFFERENCE A YEAR MAKES BY Glyn Hughes, Director General of The International Air Cargo Association TIACA By looking at the pure data, the numbers would indicate that air cargo volumes have not just returned to pre-Covid levels but, in fact. the industry has moved on beyond them, with the last six months showing double-digit growth compared to 2023. But this then generates several often-asked questions; Where is the business coming from? Will it continue? What will happen in Q4? Is it all e-commerce? The answers to those questions are not easily addressed. What we do know November 2023 saw Houthis in Yemen announce they would attack commercial ships associated with Israel, the US and Europe sailing through the Red sea in response to Israel’s military action in Gaza. Up to the middle of July, Bloomberg reported that there have been over 65 reported incidents with 18 ships having been struck with missiles. Despite military action targeting the missile launch sites, the attacks continue. Maritime analysts and risk assessors suggest that the attacks will likely to continue for the remainder of 2024 and into 2025. Maritime operators have stressed they will not return to the shorter more efficient Red Sea shipping lanes until it is safe to do so for crew and cargo. The consequential impact on journey times from Asia to Europe and on overall shipping costs has resulted in the narrowing of air cargo / maritime differentials. A more competitive air cargo industry results in increased volumes. Shortages in shipping containers also promote a shift to air cargo. To learn more, read the article: https://lnkd.in/ehMU3iUk #AirCargo #AirFreight #SupplyChain #Logistics #AirCargoWeek #ACW #Cargonews
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Need a good read? Check out this article by Glyn Hughes on the changes that we have seen influence the air cargo industry over the past year and what we should expect. A big thank you to Air Cargo Week for featuring Glyn in this edition. #aircargo #airfreight #supplychain #logistics #freightforwarders #freightforwarding #gsa #gssa #groundhandlers #groundhandling #manufacturers #handlingagents #informationtechnology #shippers #supplychainmanagement #supplychainmanagers #logisticsmanagers #logisticsmanagement
WHAT A DIFFERENCE A YEAR MAKES BY Glyn Hughes, Director General of The International Air Cargo Association TIACA By looking at the pure data, the numbers would indicate that air cargo volumes have not just returned to pre-Covid levels but, in fact. the industry has moved on beyond them, with the last six months showing double-digit growth compared to 2023. But this then generates several often-asked questions; Where is the business coming from? Will it continue? What will happen in Q4? Is it all e-commerce? The answers to those questions are not easily addressed. What we do know November 2023 saw Houthis in Yemen announce they would attack commercial ships associated with Israel, the US and Europe sailing through the Red sea in response to Israel’s military action in Gaza. Up to the middle of July, Bloomberg reported that there have been over 65 reported incidents with 18 ships having been struck with missiles. Despite military action targeting the missile launch sites, the attacks continue. Maritime analysts and risk assessors suggest that the attacks will likely to continue for the remainder of 2024 and into 2025. Maritime operators have stressed they will not return to the shorter more efficient Red Sea shipping lanes until it is safe to do so for crew and cargo. The consequential impact on journey times from Asia to Europe and on overall shipping costs has resulted in the narrowing of air cargo / maritime differentials. A more competitive air cargo industry results in increased volumes. Shortages in shipping containers also promote a shift to air cargo. To learn more, read the article: https://lnkd.in/ehMU3iUk #AirCargo #AirFreight #SupplyChain #Logistics #AirCargoWeek #ACW #Cargonews
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CEO of Softlink Global | Logistics Technology Innovator | Tech Evangelist | Creator of Logi-Sys, the #1 Global ERP for Logistics | Advocate for Logical Problem-Solving & Leadership
Navigating Dangerous Waters: Safeguarding Commercial Shipping Amid the Red Sea Crisis As logistics leaders, we must confront the complex risks confronting global shipping. The recent attacks on cargo vessels near the strategic Bab al-Mandab Strait are a stark reminder of the dangers we face. The reality is that the Houthis possess sophisticated weaponry that can severely disrupt or even sink commercial ships in the Red Sea region. Despite recent Western strikes, their capabilities and intentions should not be underestimated. Securing this pivotal trade artery will take substantial naval power and months of sustained effort. Continuous threats raise insurance premiums, shipping rates, and consumer prices across markets. Rerouting ships around the Cape of Good Hope also incurs fuel penalties and supply chain delays. The costs of inaction are untenable. The priority must be two-pronged collective action: expanded naval coalition patrols plus diplomatic outreach to contain tensions. Shipping companies must also prepare contingency plans while adopting heightened on-board vigilance. Let's work together to safeguard commercial shipping and protect global trade. #redsea #maersk #cmacgm #shipping #supplychain #logistics #freightforwarder #resilience
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This is a continuing maritime security and marsec update from Sanborn Analytics. On February 28th, 2024, French shipping giant CMA CGM announced its plan to cautiously resume transits through the southern Red Sea, previously suspended twice due to security concerns. The decision followed renewed threats from the Yemen Houthis, prompting major shipping companies to maintain their avoidance of the region. CMA CGM stated that the evolving conditions in the Southern Red Sea allowed them to resume transit on a case-by-case basis. The move coincided with the French navy's collaboration with the European Union in launching EUNAVFOR Aspides, a defensive operation covering the Red Sea, Gulf of Aden, and nearby areas. CMA CGM had previously reported disruptions to its schedules due to the need for escorts in the region and suspended all sailings after one of its chartered vessels was targeted. The French group emphasized that routing choices for each vessel would be assessed dynamically, and other vessels would be rerouted via the Cape of Good Hope. France, Denmark, and Germany deployed frigates in the area, with Greece contributing a vessel and overseeing the operation under an agreement among European ministers. Despite the evolving situation, the Houthis continued to pose a general threat to shipping, expanding beyond their initial focus on Israeli and later U.S. and UK-linked assets in retaliation for strikes in Yemen. All reporting credit goes to Maritime-Executive (see link) #maritimesecurity #yemen #israel #france #cmacgm #hamas #houthi #nationalsecurity #homelandsecurity #russia #iran #europeanunion https://lnkd.in/e_d5_SUh
CMA CGM Will Resume Some Red Sea Transits as Houthis Threaten “Surprise”
maritime-executive.com
Director of Acquisition (Sales meets Marketing) at Mothership
3 周Very interesting stuff.