Navigating Crisis: The Impact of Red Sea Turmoil on Global Logistics

22Jan, 2024

The Red Sea has become more than a strategic waterway; it has become a flashpoint of global concern, with carriers actively planning around the conflict. The volatile situation involving Houthi rebels, U.S. counterattacks, escalating rates, and upcoming Lunar New Year closures is sending complications through the logistics industry. Understanding the multifaceted challenges and developing resilient… Read more »

17Dec, 2023

UPDATE: December 19, 2023 As the Red Sea conflict unfolds, shipping companies are taking evasive actions, with Cosco-owned OOCL halting cargo acceptance to and from Israel and over one hundred vessels delaying or rerouting voyages to avoid Red Sea transit. Flexport CEO Ryan Petersen reports around seventy-eight vessels are delayed and awaiting orders. At the… Read more »

24Aug, 2023

In today’s unpredictable world, the shipping industry is often thrown into the spotlight with events like the backlog of ships at the Panama Canal due to drought restrictions, the closure of Turkey’s Dardanelles Strait due to wildfires, and the recent collisions in the Suez Canal. Through it all, Everglory stands firm in its mission: ensuring… Read more »

3Nov, 2020

The congestion that shippers are experiencing right now on the eastbound transpacific is a direct consequence of actions taken by the steamship lines throughout 2020 as they tried to manage demand and capacity through the pandemic. Unfortunately for both shippers and those same carriers, the situation has reached a critical mass that is impacting importers… Read more »

11Feb, 2020

General Status Dear associates, with a very fluid situation, below is current information we have gathered as of end of day 02/10/2020. For Greater China Area: Today marks the official work-resumption day in most provinces. Local authorities require enterprises to submit applications for approval to resume work, enterprises are requested to demonstrate their capability to ensure strict… Read more »

24Jan, 2020

News has been coming to us fast and wild this month as the USTR and President Trump use the new year to finalize their trade policies that have been in the works for more than a year. From the US/China negotiations and “Phase One” agreement to the WTO Airbus decision and how it impacts wine… Read more »

14Jan, 2020

Every year it’s important to look at the calendar to plan for first quarter shipments as the Chinese New Year celebrations shut down the factories and shipments coming from China. This year, we’re not only going to talk about the logistics side of Chinese New Year, but we’ll also touch a bit on the cultural… Read more »

18Dec, 2019

After almost two years of ever-increasing tariff negotiations, the US and China have come to a preliminary “phase one” bilateral trade agreement. Key points of the agreement include agricultural exports from the US to China, intellectual property securities and both a reduction of current tariffs on the first three tranches of duties and a cancellation… Read more »

7Oct, 2019

Officially finalized on Wednesday after the WTO made a final ruling, the US plans to levy $7.5 billion in tariffs on luxury goods against the EU. Though European leaders have called for resolution without new tariffs, as the US also gave illegal subsidies to Boeing, there has been no settlement beyond the tariffs, so far…. Read more »

22Aug, 2019

Last week, protests at the Hong Kong Airport (HKG) ground traffic to a halt, delaying both passenger travel and belly cargo moving through the hub. While many forwarders scrambled to find alternate routings and confirm cargo planes were still moving in and out amid throngs of protesters, cargo planes took advantage of the empty runways… Read more »