Logistics | SupplyChainBrain

Logistics: Page 184

Ocean Freight Rates Likely to Spike Because of Red Sea Crisis

Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.

The long and more expensive way is around the Cape of Good Hope. Photo: iStock.com/Felipe Meneses

Shipbuilder Samsung Ordered to Pay $290M Over Defects

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.

Klaipeda, Lithuania. Photo: iStock.com/Natallia Pershaj

Companies Will Embrace Near- and Friendshoring Over the Next Five Years

Sixty-three percent of survey participants said they are planning to restructure their supply chain over the next five years.

Photo: iStock.com/DINphotogallery

World Courier Opening Three New U.S. Transportation Stations

World Courier said the stations will allow the company to expand its capacity to store, handle and transport pharmaceutical products, including those that require cryogenic storage.

Photo: iStock/sorn340

China Produces Over Half the World’s Deadweight Tonnage

China’s shipbuilding output increased by 12% year-on-year to 38 million dwt during the period running from January 2023 to November, making up50.1% of the planet’s total output.

An LNG carrier vessel. Photo: iStock / nikkytok

Container Lines Rerouting Ships Away From Suez Canal in Response to Red Sea Missile Attacks

Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

Suez Canal. Photo: iStock.com/IgorSPb

IANA Adds Call to Reopen El Paso & Eagle Pass Crossings

IANA said the prolonged closure will disrupt the equilibrium that is indispensable to the smooth functioning of the freight supply chain.

Train tracks skirt the U.S.-Mexico border wall near El Paso. Photo: iStock.com/halbergman

Nominations Opened for WIT 2024 Driver of the Year Award

The finalists and the award winner will be recognized at the 2024 Salute to Women Behind the Wheel in Louisville, Kentucky on March 22, 2024.

Photo: iStock.com/ronnachaipark

Railroads Urge Border Officials to Reopen U.S.-Mexico Crossings

“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.

Bridges Crossing the Rio Grande in Eagle Pass, Texas. Photo: iStock.com/halbergman

U.S. Announces New Task Force to Counter Houthi Red Sea Threat

The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

Image: iStock.com/PeterHermesFurian

Navigating the Holiday Season: Managing High Retail Return Rates

By adapting their strategies, leveraging technology, and embracing innovative concepts like "keep it" returns and buy-online-return-in-store (BORIS) incentives, retailers can better manage the influx of returned items.

Photo: iStock.com/Poike

BP Suspends Oil and Gas Shipment through Red Sea

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage

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