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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.
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.
In a past life I ran the Supply Chain for an FMCG company in the 6 Gulf Co-Operation Council (GCC) countries plus Yemen in the Middle East. The Distribution model was one different legal entity per territory even for the largest market of Saudi Arabia.
Bloomberg observes, “For the most vulnerable societies — think Yemen, which imports 90% of its food in the midst of a grinding conflict and depreciating currency — this poses a genuine risk of hunger. ”[5] Around the world, fears of going hungry are growing. ” Mitigating Rising Prices.
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.
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.
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis The Pentagon believes that US and UK strikes in Yemen are degrading Houthi abilities to carry out attacks on Red Sea traffic, but despite these steps and new attempts at diplomatic pressure the attacks continue and so (..)
Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Despite US and UK strikes on Houthi positions in Yemen, attacks on Red Sea traffic continued this week, both on US naval assets and commercial vessels.
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. But prices will remain above normal as long as the Red Sea threat persists, and Houthi attacks continued this week, with the group again threatening to expand their range.
Bombing of Yemen, Red Sea Crisis, and Strait of Hormuz Article How AI Transforms Procurement: Takeaways from DPW Amsterdam Client Alert Hurricane Milton Supply Chain Risks The post Foreign Adversaries Threaten Critical U.S.
Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. has been working to negotiate a ceasefire in Yemen. In particular, there is a risk of Houthi rebels laying mines in the shipping lanes. Almost since the start of the Red Se attacks, the U.N.
Political instability and conflicts, exemplified by the ongoing Houthi attacks in Yemen, pose significant risks to supply chains. Political Impacts The dynamic shipping environment is fraught with political, economic, and logistical challenges that can severely disrupt supply chains.
The Suez is facing a different set of challenges though, as Houthis in Yemen attacked three more vessels – two bulk carriers, and an OOCL container vessel they determined to have links to Israeli-ownership – and a US Navy ship on Sunday.
Ali’s unique experiences in onshore and offshore supply chain management in the United States, Russia, United Arab Emirates, Saudi Arabia, Pakistan, Bahrain, and Yemen have produced results for customers’ ongoing work, which is now featured at some of the world’s most recognized brands. is the co-founder and CEO of ThroughPut Inc. ,
This statement was followed by a China representative to the UN also calling for the attacks to end. At the same time, multiple nations have reportedly backed out or refused to publicly be included in the naval coalition now patrolling the area due to geopolitical considerations.
Ali’s unique experiences in onshore and offshore supply chain management in the United States, Russia, United Arab Emirates, Saudi Arabia, Pakistan, Bahrain, and Yemen have produced results for customers’ ongoing work, which is now featured at some of the world’s most recognized brands. Ali Hasan R.
Ali’s unique experiences in onshore and offshore supply chain management in the United States, Russia, United Arab Emirates, Saudi Arabia, Pakistan, Bahrain, and Yemen have produced results for customers’ ongoing work, which is now featured at some of the world’s most recognized brands. Ali Hasan R.
US and UK strikes on Houthi positions continued last week as well, and the US Federal Maritime Commission is considering implementing maritime sanctions on Yemen as an additional measure. For vessels still transiting the Red Sea, insurance premiums continue to rise.
But With the majority of container carriers already avoiding the Red Sea, these further escalations in geopolitical conflicts are unlikely to have an additional impact on the container market.
Ali’s unique experiences in onshore and offshore supply chain management in the United States, Russia, United Arab Emirates, Saudi Arabia, Pakistan, Bahrain, and Yemen have produced results for customers’ ongoing work, which is now featured at some of the world’s most recognized brands. Ali Hasan R.
International tensions are rising as the UK is considering targeting Houthi positions in Yemen and Iran moved a warship to the Red Sea on Sunday, stating that Iranian naval vessels have periodically been in the Red Sea “”to secure shipping lanes, repel pirates, among other purposes since 2009.”
The country has been devastated by a seven-year conflict that spurred a humanitarian catastrophe. The project will provide an opportunity for improvement, the official said. .
Over the last six years, several countries significantly improved their CPI score, including Côte d’Ivoire, Senegal and the United Kingdom, while several countries declined, including Syria, Yemen and Australia. Bribery and gifts are widespread practices in Yemen. Source: GAN Integrity Co. Printer-friendly version. Media Type.
From the frontlines, travelling during this period, has reminded me of the commitment and humanity of people that I hadn’t witnessed firsthand since running Yemen operations and visiting Iraq a few years back.
Though Israel’s war with Hamas has so far not had much impact on ocean logistics , Houthis from Yemen, after threatening to target Israeli ships, hijacked a car carrier vessel in the Red Sea with ties to Israeli owners this week, raising concerns of broader supply chain impacts from the war.
Bombing of Yemen, Red Sea Crisis, and Strait of Hormuz Client Alert On Oct. B-2 Stealth Bombers struck underground weapons storage facilities in Yemen controlled by Houthi rebels. Bombing of Yemen, Red Sea Crisis, and Strait of Hormuz appeared first on Exiger. Possible Impacts from U.S. 16, 2024, U.S.
Ship operators fear that their crews could be imperiled on the journeys through the Red Sea by missile or drone attacks from a Yemen-based rebel group. The Suez’s problems are geopolitical and those in Panama are climate-based, but both are roiling global trade.
struck more than 60 targets at Houthi positions in Yemen, aiming to halt attacks on merchant ships. imposed sanctions on two companies based in Hong Kong and the United Arab Emirates for their involvement in financing commodity shipments benefiting Yemen’s Houthis. On January 11, the U.S. The next day, the U.S.
Since mid-November, Houthi rebels in Yemen have intensified their assaults on commercial shipping vessels navigating through the lower Red Sea, in response to situation in Gaza. Reacting to the situation, ocean cargo rates have surged.
Navy’s SEAL Team 3 began to climb aboard an unflagged ship that was carrying illicit Iranian-made weapons to Yemen. Baldor recounts what happened.[6] 6] She writes: “ Under the darkness of night, in the roiling high seas off the coast of Somalia, members of the U.S. As Navy Special Warfare Operator 1st Class Christopher J.
The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.
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