Source link Major shippers have stopped using the vital maritime route due to the ongoing Houthi attacks The Houthi rebel attacks on vessels in the Red Sea have spurred burgeoning interest in alternative routes such as the China-Europe rail route that runs through Russia’s Far East, CNBC reported on this week. Companies that organize the […]
Source link Major shippers have stopped using the vital maritime route due to ongoing Houthi attacks Freight through the Suez Canal has plummeted by 45% in the two months since Houthi rebel attacks on vessels in the Red Sea forced shipping companies to divert shipments, sending shockwaves through global supply chains, the UN Conference on […]
Source link Disruptions in the Red Sea have reportedly caused container prices to double in just a month The average cost of a container has more than doubled globally in the past month, according to an article in the Wall Street Journal published on Sunday. The disruptions caused by the continued Houthi attacks on cargo […]
Source link Asia-to-Europe shipping prices have doubled as logistics giants are forced to reroute cargos around the southern tip of Africa Container freight rates are surging as attacks by Yemen-based Houthi rebels on cargo ships in the Red Sea have forced shipping giants to send vessels around southern Africa’s Cape of Good Hope, Reuters reported […]
Source link Uncertainty over a key route linking Asia and Europe has been pushing shipping costs higher Global logistics companies have been hit with rising ocean and air freight prices and stranded cargo as a result of vessels being diverted from the Red Sea amid the risk of attacks from Houthi militants in Yemen. According […]
Source link Hungarian hauliers followed Poland and Slovakia’s lead and are demanding that the EU stop favoring their Ukrainian counterparts Hungarian truckers on Monday staged a demonstration near a checkpoint at the border with Ukraine and are slowing down any trucks attempting to go in or out of the country. The protesters are demanding that […]