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July 23, 2024 Update

Freightos

Houthis in Yemen continued their attacks on vessels in the region last week, including a deadly strike on a tanker. In air cargo, B2C e-commerce demand is expected to keep ex-China volumes and rates elevated through what is normally slow season and into Q4’s peak season. Freightos Air Index rates out of China dipped slightly to $5.34/kg

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. led coalition has positioned warships in the region to protect commercial vessels and has launched airstrikes on Houthi targets in Yemen, but that hasn’t put a stop to Houthi attacks on vessels.

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U.S.-Owned Cargo Ship Near Yemen Hit by Missile

Supply Chain Brain

The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

The US has indicated that the naval force will use a defensive strategy to secure the waterway, while the Houthis have threatened to attack US Navy ships if Houthi positions in Yemen are targeted. The UK says it is considering targeting Houthi positions in Yemen in response to the continued aggression.

Shipping 346
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January 30, 2024 Update

Freightos

And though there were expectations of a significant move to air and sea-air logistics, so far the shift seems moderate and more pronounced for sea-air than for air cargo. America air cargo rates climbed 11% last week to $5.33/kg, Freight news travels faster than cargo Get industry-leading insights in your inbox.

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April 9, 2024 Update

Freightos

As a military solution to the attacks has proved elusive, the US envoy to Yemen is also exploring diplomatic incentives to bring the disruption to an end. In air cargo, Red Sea-driven disruptions to ocean freight are still pushing some volumes to the air out of India, though demand is easing somewhat. Ocean rates from Asia to N.

Baltimore 331
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Two Cargo Ships Attacked by Houthis in Red Sea

Supply Chain Brain

Both December 15 attacks, one missile-based and the other drone-based, came from a part of Yemen controlled by the Houthi rebel movement.

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