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Tag: Red Sea

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Box lines launch Red Sea services despite Houthi risks

Container News Team - January 30, 2024 0

Mainline operators which are still offering Red Sea services are configuring their routes to transit the troubled region. Hapag-Lloyd has launched an ad hoc Jeddah...

News

Operating in anticipation of the next disruption is the new normal for shipping companies: Frank Kenney, director at Cleo

Ioanna Kontos - January 30, 2024 0

Frank Kenney, director of Industry Solutions at Cleo, a supply chain connectivity and integration solution provider, spoke to Container News about the significant impact of...

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Yang Ming not tempted to charter ships amid Red Sea crisis

Container News Team - January 29, 2024 0

Taiwanese liner operator Yang Ming Marine Transport will not follow its peers and charter in more ships to capitalise on the Red Sea crisis. Speaking at...

Industry Opinions

Red Sea Crisis: Xeneta forecasts freight rates to rise further in February

Container News Team - January 24, 2024 0

Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data...

News

Red Sea Crisis marks second largest capacity drop after Ever Given grounding

Container News Team - January 18, 2024 0

Sea-Intelligence reports that the Red Sea crisis has been going on for a month now, and the current service networks are clearly in flux,...

News

FMC announces hearing on Red Sea shipping developments

Container News Team - January 16, 2024 0

The Federal Maritime Commission (FMC), responsible for regulating the US international ocean transportation system, will hold an informal public hearing on 7 February to...

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Drop in Suez Canal revenues could affect Egyptian economy

Antonis Karamalegkos - January 16, 2024 0

Chairman and managing director of the Suez Canal Authority (SCA), Admiral Osama Mounier Mohamed Rabie said that dollar revenues from the canal are down...

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Red Sea crisis changes container shipping situation from glut to tightness

Container News Team - January 15, 2024 0

The closure of the Suez route has changed the fundamental outlook for container shipping in 2024, with a potential capacity crunch in Asia looming in...

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Shippers are counting the cost of war

Container News Team - January 12, 2024 0

Verifiable costs for transiting the African Cape rather than the Suez Canal are around US$1,000 per box according to Xeneta chief analyst Peter Sand,...

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India explores measures to mitigate Red Sea crisis impact on export trade

Container News Team - January 12, 2024 0

Ιndian government and shipping industry stakeholders have realised the urgency to deal with growing trade challenges from the Red Sea shipping crisis, as market...

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Tag: Red Sea

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