IT Outages Impacting Logistics

IT Outages Impacting Logistics

  A major IT outage, which is currently affecting many banks, media outlets, airlines, the NHS and other major institutions, is leading to some disruption in logistics today. Flights have been grounded at some international airports, some airlines have had to...
Houthi Attack Sinks Cargo Ship In Red Sea

Houthi Attack Sinks Cargo Ship In Red Sea

  A bulk cargo ship has sunk in the Red Sea, days after initially being hit by a Houthi Uncrewed Surface Vessel (USV), with one crew member understood to have lost their life. The Greek vessel MV Tutor was enroute from Russia to Egypt when it was struck just...
Panama Canal Set To Return To Normal

Panama Canal Set To Return To Normal

  After more than a year of draft restrictions caused by severe drought conditions, the Panama Canal will be returning to almost normal operations by the middle of July. The Panama Canal Authority have confirmed that from 22nd July the maximum number daily vessel...
China Calls For End To Houthi Harassment

China Calls For End To Houthi Harassment

  The Chinese foreign minister is understood to have met with his Yemeni counterpart in Beijing this week to discuss the Red Sea crisis and China has subsequently called for Houthi Rebels to end their attacks on commercial shipping in the region. A foreign...
Ocean Freight Capacity From Asia Under Pressure

Ocean Freight Capacity From Asia Under Pressure

  Ocean freight services from Asia are starting to look just like the days of the pandemic, as widespread capacity issues have seemingly returned. Ahead of the traditional peak season, carriers are reporting a severe lack of space from the Far East and Southeast...