article thumbnail

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. Though many – but not all – carriers were able to restore operations relatively quickly, delays are expected for impacted shipments as the backlog is cleared.

article thumbnail

Exiger’s Technology Forecasts Merchandise, Textiles and Luxury Goods Most Vulnerable to Potential Strait of Hormuz Blockade

Exiger Perspectives

strike on weapons storage facilities in Yemen , there is increasing concern about how a disruption to this trade route could impact the global economy. .- Bound Shipments, Global Transshipping and Persian Gulf Oil WASHINGTON , Oct. Exiger analyzed shipments traversing the Strait of Hormuz that use the Jebel Ali port.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

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. Spot-market rates to ship a container from China to Los Angeles rose 38% in the week through Jan. 18 to $3,860.

article thumbnail

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.

Yemen 114
article thumbnail

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
article thumbnail

U.S. May Revoke Houthi Terrorist Label If They Stop Red Sea Ship Attacks

Supply Chain Brain

“My hope is that we can find diplomatic off-ramps,” President Joe Biden’s special envoy for Yemen told reporters in a press briefing.

Yemen 98
article thumbnail

U.S. and U.K. Attack Houthi Targets in Yemen After Red Sea Attacks

Supply Chain Brain

Air Force struck over 60 targets across 16 Houthi militant locations starting at 2:30 a.m. local time in the Yemeni capital of Sanaa.

Yemen 97