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NEWS AND DEVELOPMENTS

IN THE TRANSPORT, LOGISTICS AND

SUPPLY CHAIN INDUSTRY

CILTS Shipping Webinar:

RED SEA CRISIS




Red Sea Shipping crisis has dragged on for five months, and a full resumption of transits is not in sight.  This is rattling supply chains, leading to delays and higher costs, but it won’t derail global trade and the inflationary impact of higher container rates remains limited.


The number of vessels entering Bab el Mandeb strait (Red Sea entrance) is still declining while Cape of Good Hope roundings have gone up, including a number of tankers.


Re-routing container trade is becoming the new normal and has been priced in. Production interruptions at manufacturers short lived – trade delayed, not derailed.





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