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Industry Opinions

Cargo volumes in Red Sea drop significantly due to vessel attacks

Ioanna Kontos - February 28, 2024 0

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

Industry Opinions

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

Container News Team - February 19, 2024 0

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

News

Sea-Intelligence forecasts 16% increase in TEU*Miles due to Red Sea crisis

Ioanna Kontos - February 15, 2024 0

After reconfiguring liner networks to incorporate the round-of-Africa routing, Sea-Intelligence's standard model for estimating demand in TEU*Miles was used to assess the potential impact...

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...

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...

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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Tag: Red Sea

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