Yusen Logistics: Tackling Red Sea Crisis & Building Resilient Supply Chain

General Manager North & East, Yusen Logistics
Given the ongoing turbulence in the Red Sea and the political events spilling over into global trade with no sign of respite in the near future, supply chains must build their own resilience mechanisms and remain alert to tackle sudden eruptions of such situations.

Subeer Oberoi - General Manager North & East, Yusen Logistics
 

Red Sea Crisis: A Déjà Vu for Supply Chains

The Red Sea crisis, which started on October 19, 2023, was a déjà vu moment for the supply chain industry, occurring just 2.5 years after the earlier disruption in this region on March 23, 2021, when the vessel Ever Given blocked the Suez Canal. This crucial passage handles 15 percent of global maritime trade volume and 30 percent of containerized cargo traffic.

Even though the Ever Given vessel was retrieved after six days, its impact, coupled with the ongoing Covid-19 pandemic, caused significant ripples in supply chains for many months, leading to exorbitant freight rates. While the previous incident was an accident, this time the disruption is due to attacks from Houthis on vessels passing through the Red Sea.

Increased Freight Rates and Turnaround Time

Apart from the steep increase in freight rates, the crisis has added 14 days to the turnaround time for vessels forced to move via the Cape of Good Hope instead of the Suez Canal. This further creates the demand-supply gap and adds to hidden logistics costs.

More than 90 percent of consumer goods are transported by ocean, and the Suez Canal, the largest man-made canal, is a critical link between the Mediterranean Sea and the Indian Ocean via the Red Sea. This canal ensures the efficiency and responsiveness of supply chains by providing a direct route for shipping freight between Asia and Europe.

Impact of Houthis' Attacks

Since October 2023, more than 60 attacks have been launched by Houthis on vessels in the Red Sea area. As a result, hundreds of vessels have been rerouted, and freight rates have increased manifold. While the entire world is focused on the earliest possible resolution of the Red Sea crisis, nature is also playing a role in another critical shipping passage: the Panama Canal, where severe drought has forced authorities to restrict vessel movement on this route.

LIFTING & SPECIALIZED TRANSPORT, July - August 2024

No comments yet, Be the first one to comment on this.

×

Terms & Condition

By checking this, you agree with the following:
  1. To accept full responsibility for the comment that you submit.
  2. To use this function only for lawful purposes.
  3. Not to post defamatory, abusive, offensive, racist, sexist, threatening, vulgar, obscene, hateful or otherwise inappropriate comments, or to post comments which will constitute a criminal offense or give rise to civil liability.
  4. Not to post or make available any material which is protected by copyright, trade mark or other proprietary right without the express permission of the owner of the copyright, trade mark or any other proprietary right.
  5. To evaluate for yourself the accuracy of any opinion, advice or other content.
Heavy Lifting Cargo & Transportation: A Challenge Mastered Through Expertise

Heavy Lifting Cargo & Transportation: A Challenge Mastered Through Expertise

This feature on Heavy Lifting explores the challenges faced by companies with respect to the cargo to be delivered and how they leveraged specialised transportation solutions and undertook strategic logistical planning to ensure timely deliveries.

Read more ...

DB Schenker: Services for Heavy Lifting & Over Dimensional Cargo (ODC) Projects

DB Schenker: Services for Heavy Lifting & Over Dimensional Cargo (ODC) Projects

The company offers a robust suite of services specifically designed for Heavy Lifting and Over Dimensional Cargo (ODC) projects. Our project management team oversees every phase, from initial planning through to execution

Read more ...

Express Global Logistics: Specialized Services for ODC Transportation

Express Global Logistics: Specialized Services for ODC Transportation

Express Global Logistics offers a suite of specialized services for Over Dimensional Cargo (ODC) transportation, backed by a dedicated engineering team and advanced transport technology.

Read more ...

ABC India: End-to-End Logistics Services for Project Logistics

ABC India: End-to-End Logistics Services for Project Logistics

ABC India offers end-to-end logistics services for Project Logistics through our four project offices and 18 general cargo offices. We offer end-to-end logistics services for Project Logistics through our four project offices and 18 general cargo offices.

Read more ...

Bruhat Logistics: Providing Comprehensive Solutions

Bruhat Logistics: Providing Comprehensive Solutions

The company provides comprehensive solutions for Over Dimensional Cargo (ODC) projects across a variety of sectors, including Oil, Gas & Energy, Renewable Energy, Construction and Mining, Industrial Manufacturing, Marine and Shipbuilding

Read more ...

Broekman Logistics: Solutions for Transport of Heavy Lifting & Over Dimensional Cargo

Broekman Logistics: Solutions for Transport of Heavy Lifting & Over Dimensional Cargo

Broekman Logistics offers specialized, end-to-end solutions for transporting Heavy Lifting and Over Dimensional Cargo, serving industries such as Construction, Energy, Mining, & Heavy Machinery.

Read more ...

Natraj Roadways: Heavy Commercial Transportation Services

Natraj Roadways: Heavy Commercial Transportation Services

Natraj Roadways specialize in heavy commercial transportation services across India, focusing on the movement of oversized cargo. We specialize in heavy commercial transportation services across India, focusing on the movement of oversized cargo

Read more ...

Jet Trade Offers Tailored Logistics Services

Jet Trade Offers Tailored Logistics Services

For Heavy Lifting and Over Dimensional Cargo (ODC) projects, Jet Trade offers a comprehensive range of tailored logistics services designed to meet the unique challenges of transporting large, heavy, or unconventional loads.

Read more ...

Sarjak Container Lines: Handling Complex Cargo for Efficient Transport

Sarjak Container Lines: Handling Complex Cargo for Efficient Transport

Sarjak Container Lines specializes in handling complex cargo, ensuring efficient and reliable transportation. Our expertise in managing breakbulk projects enables us to navigate the complexities of customs clearance and ensure seamless

Read more ...

Cargomar: Handling & Transport of Heavy Lifting & Over-Dimensional Cargo

Cargomar: Handling & Transport of Heavy Lifting & Over-Dimensional Cargo

The company specializes in the handling and transport of heavy lifting and Over-Dimensional Cargo (ODC) across various industries. With a proven track record of executing challenging projects, Cargomar combines innovative solutions, a safety-first

Read more ...

CD Jindal: Cranes & Concrete Equipment for Infra Construction Projects

CD Jindal: Cranes & Concrete Equipment for Infra Construction Projects

The CD Jindal Group is an established name in equipment leasing with its vast fleet of heavy-duty machines deployed across major infrastructure projects.

Read more ...

VASTCO Logistics & Solutions: End-to-End Services for Hassle-Free Experience

VASTCO Logistics & Solutions: End-to-End Services for Hassle-Free Experience

“Our comprehensive suite of services under one roof eliminates the need to manage multiple vendors, ensuring a seamless and hassle-free experience with full ownership of the entire process."

Read more ...

Heavy Equipment Transport to 3,000 Meters with Goldhofer »MPA« 3

Heavy Equipment Transport to 3,000 Meters with Goldhofer »MPA« 3

Walter Keil Transporte und Erdbewegungen GmbH & Co. KG offers a diverse range of services, including construction pit excavation, stone wall and road construction, trenching, dam and landfill engineering, transportation and lifting

Read more ...

Mammoet Deploys 3 High-Capacity Cranes in India for First Time

Mammoet Deploys 3 High-Capacity Cranes in India for First Time

Mammoet, global leader in heavy lifting and transport solutions, has deployed three of the world's largest heavy-lift ring cranes in India’s energy industry for the first time. The three monumental cranes making their mark in India

Read more ...

Jumbo Offshore Completes TP T&I Scope at Yunlin Offshore Wind Farm

Jumbo Offshore Completes TP T&I Scope at Yunlin Offshore Wind Farm

Jumbo Offshore has completed the Transition Piece (TP) Transport & Installation (T&I) scope for the Yunlin Offshore Wind Farm (OWF) in Taiwan under a contract with Yunneng Wind Power Co., Ltd. The company deployed its DP2 Heavy Lift Crane

Read more ...

Route To Last Mile Connectivity

Route To Last Mile Connectivity

The rapid expansion of e-commerce is driving companies to leverage technology and innovation to enhance last-mile connectivity and customer experience. However, challenges such as road congestion, inadequate infrastructure, and driver safety

Read more ...

CJ Darcl Logistics: Ensures Fast & Efficient Delivery of Shipments

CJ Darcl Logistics: Ensures Fast & Efficient Delivery of Shipments

CJ Darcl Logistics ensures fast, efficient, and hassle-free delivery of shipments to customers nationwide. Our extensive pan-India network of over 8 lakh vehicles ensures fast, efficient, and hassle-free delivery of shipments to customers nationwide.

Read more ...

Ecom Express: Tech Enabled Logistics Partner for E-Commerce Needs

Ecom Express: Tech Enabled Logistics Partner for E-Commerce Needs

Ecom Express Limited is a leading end-to-end technology enabled logistics solutions provider to the Indian retail and e-commerce industry.

Read more ...

Safexpress: Express Distribution, 3PL, Warehousing & Reverse Logistics

Safexpress: Express Distribution, 3PL, Warehousing & Reverse Logistics

Safexpress's key services are express distribution, 3PL, warehousing, and reverse logistics. Our humongous fleet of 12,506 trucks are fully containerised and GPS enabled for monitoring goods in transit, optimizing delivery routes, and minimizing delivery times and fuel consumption.

Read more ...

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message
Click Here to Subscribe to Our eNewsletter.