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18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. This began on November 18th when an Israeli-owned car carrier was hijacked by Houthis – it remains held in Yemen. Live map of Suez Canal and Red Sea, Dec.
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.
Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday.
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.
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.
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.
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.
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.
Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen. Several firms have paused shipments through the route after vessels were attacked by Houthi rebels in Yemen. Houthi militants in Yemen have stepped up attacks on vessels since the start of the Israel-Hamas war in October.
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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United States. United States Minor Outlying Islands. Uzbekistan. Virgin Islands, British. Virgin Islands, U.S. Wallis and Futuna. Western Sahara. I accept the Terms & Conditions. Companies have an ever-growing need for systems integration, not only internally but also externally with their chain partners.
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.
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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 (..)
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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.
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United States. United States Minor Outlying Islands. Uzbekistan. Virgin Islands, British. Virgin Islands, U.S. Wallis and Futuna. Western Sahara. I accept the Terms & Conditions. By Martijn Lofvers. The logistics business in Europe is finally improving again.
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.
United States. United States Minor Outlying Islands. Uzbekistan. Virgin Islands, British. Virgin Islands, U.S. Wallis and Futuna. Western Sahara. I accept the Terms & Conditions. Last year was one of the busiest on record in terms of merger and acquisition (M&A) activity in the logistics industry.
United States. United States Minor Outlying Islands. Uzbekistan. Virgin Islands, British. Virgin Islands, U.S. Wallis and Futuna. Western Sahara. I accept the Terms & Conditions. Last year was one of the busiest on record in terms of merger and acquisition (M&A) activity in the logistics industry.
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