Disrupted schedules, higher costs for project cargo movement
The ongoing issues in the Red Sea have created a complex situation for project cargo transport and all the parties involved, shippers, carriers, and freight forwarders. The situation comes with both opportunities and challenges arising...Read more
MPP sector not spared from Panama Canal, Red Sea issues
Drewry's OpinionThe multipurpose (MPP) shipping sector has not been spared from the disruptions in traffic flows in the Panama and Suez Canals. According to shipping consultancy Drewry, weather-related restrictions on the Panama Canal and the recent...Read more
More MPP carriers pick Cape Of Good Hope, sailing away from Suez
The war in Gaza and subsequent hostilities and increasing risk in the Middle East have started pushing MPP index rates up but also pushed a larger number of vessels on a long way around Africa. Read more
Heavy-lift carrier AAL ups Red Sea surcharge
The risk of continuing operations through the Red Sea and the Gulf of Aden region prompted the project heavy-lift carrier, AAL Shipping to increase its Emergency Red Sea Surcharge (ERSS). AAL decided to introduce a...Read more
UNCTAD: Geopolitics, attacks, climate change compound global trade crisis
The United Nations Conference on Trade and Development (UNCTAD) has expressed serious concerns regarding the increasing disruptions to global trade. UNCTAD has stated that a complex crisis affecting vital trade routes has arisen due to...Read more
ECSA welcomes European Parliament’s call for action in the Red Sea
The European Parliament has adopted a resolution condemning recent attacks on commercial shipping in the Red Sea. They are calling for immediate and concerted EU efforts, including a naval operation, receiving support from the European...Read more
Red Sea crisis pushes freight rates skywards
The Red Sea crisis shows no signs of easing as A.P. Moller – Maersk pauses all transits through the region ‘for the foreseeable future’ and ocean freight shipping rates continue to surge. The latest data...Read more
MSC ship attacked in the Red Sea
MSC said its container ship MSC United VIII was attacked on December 26 while transiting the Red Sea, having to engage in evasive manoeuvres. The vessel informed a nearby coalition task force warship of the...Read more
Maersk to resume Red Sea transit
The situation in the Red Sea and the Gulf of Aden is a quickly changing one and the shipping giant Maersk has voiced its readiness to resume transiting the Suez Canal and the Red Sea. Read more
AAL adds Red Sea Surcharge for all its sailings through the region
The project heavy-lift carrier, AAL Shipping has decided to introduce an Emergency Red Sea Surcharge (ERSS) for any affected AAL sailings through the Red Sea. The decision has been made in light of the escalating...Read more
Shippers declare Force Majeure as Red Sea attacks continue
Shipping majors Hapag-Lloyd and CMA CGM have decided to declare Force Majeure on sailing the Red Sea. Hapag-Lloyd’s vessel Al Jasrah, has recently come under attack by the Houthi militia, prompting the company to make...Read more
7 Worldwide Logistics delivers gensets to Saudi Arabia
7 Worldwide Logistics (7WL) Bremen project team has handled the deliveries of Gensets and other parts from Europe, China and India, to Saudi Arabia.Read more