$SamuderaShipping (S56.SG)$$COSCO SHP SG (F83.SG)$ Shares of...

TERENCE9898 : can watch mermaid too

丰衣足食 : Buy on the low of 0.745. The war in the Middle East continues, and shipping prices will continue to rise. Good fundamentals, business growth.

丰衣足食 : Maritime analysis agency: The extent of damage to the supply chain has surpassed the new level!
2024-1-22 8:43:58 From: Financial Federation 0 people have participated in commenting
Sea-Intelligence, a well-known maritime consulting agency in the industry, said that compared with the early days of the coronavirus pandemic, the current interruption of Red Sea routes has caused greater damage to the supply chain.
Sea-Intelligence pointed out in a recent report to customers that “vessel capacity” (vessel capacity) data shows that as ships circumvent the angle of good hope, the increase in transit time has led to a marked reduction in effective capacity in the shipping market.
Beginning in mid-November 2023, the Houthis in Yemen expanded the scope of attacks on Israeli targets, began attacking “ships associated with Israel” in the Red Sea, and continued to escalate related threats, leading to attacks on several freighters in the Red Sea, the Strait of Mande and nearby waters.
In December of last year, international shipping giants such as Maersk and Hapag-Lloyd announced the suspension of their cargo ships passing through the Red Sea. At the time, the weekly capacity index tracked by Sea-Intelligence was down 57% from the annual average, exceeding the 47% decline recorded in March 2020 at the beginning of COVID-19, and in the past ten years, only March 2021 surpassed this decline of 87%.
Alan Murphy, CEO of Sea-Intelligence, said that shipping capacity recorded the second largest decline in recent years. The only event that surpassed the impact of the Red Sea crisis was the six-day “Great Blockage of the Century” caused the oversized freighter “Ever Given” (Ever Given) to run aground, leading to a six-day “blockage of the century” of the Suez Canal, when multi-billion dollar trade came to a standstill.
According to Sea-Intelligence estimates, about 10% of the world's fleet is currently idle. Murphy added, “In order to bypass the Cape of Good Hope, shipping carriers would need to deploy one or two additional vessels to offset the delays.” Compared to the time of the pandemic, the shipping industry now has new ships to use, which is good news out of bad news.
Up to now, some companies claim that container ship delays have impacted the company's supply chain. Tesla, Volvo, and Michelin recently said that some of their factories have been forced to suspend production. Global home furnishing giant Ikea said delivery delays may occur for some of the company's products.
Steve Lamar, president and CEO of the American Apparel and Footwear Association (AAFA), believes that the threat to the Red Sea route is a threat to global maritime trade. “Delays and costs are increasing, and even though the company is exploring alternative transportation options, the adverse chain effects will disrupt global logistics.”
Lamar stressed that more measures are needed to completely eliminate existing or future threats to ensure the safety of crew members and the safety of cargo. Two days ago, the US White House re-classified the Houthis in Yemen as “Specially Designated Global Terrorists.” The designation will take effect after 30 days.
Yesterday, Biden told reporters that the US will continue to carry out military attacks against the Houthis in Yemen. However, the leading freight forwarder Honor Lane Shipping estimates that the Houthis attacks in the Red Sea may continue for half a year to a year.

丰衣足食 : Are 90% of container ships rerouted urgently? Europe sounded an “alarm”
2024-1-22 13:36:39 From: CCTV Finance 0 people have participated in commenting
The situation in the Red Sea continues to be tense, and global shipping has been seriously affected. Analysis by several agencies indicates that large amounts of energy supply and trade transportation between Europe, America, and the Middle East pass through the Red Sea. This major maritime gateway continues to be blocked or will once again push up the level of inflation, and Europe's energy supply will also face an impact.
According to statistics from the Dutch International Group, after mid-December last year, about 80% of container ships on the Red Sea-Suez Canal route were forced to change routes, reaching 90% by the beginning of January this year.
Statistics show that about 30% of the world's consumer goods trade is transported through the Suez Canal. Delays in shipping and the continued rise in freight costs have led to an increase in container freight rates, which will also cause the price of all goods in the container to rise to a certain extent.
According to a research report released by the Oxford Institute of Economics in January this year, there is an upward risk of global prices. The report said that if container shipping costs remain at current levels, the global inflation rate may rise by about 0.6 percentage points. According to US media reports, before the sharp rise in shipping prices had time to affect consumer prices, the inflation rate in the US and Europe had already risen in December last year. European economists have warned that the rebound in inflation and the increase in “upside risks” mean that the European economy is still facing uncertainty.
The Red Sea-Suez Canal route is an important shipping route for oil and derivatives from the Persian Gulf to Europe and the United States. According to data from market research firm Kepler, 25 LNG carriers have diverted from the Red Sea to the Cape of Good Hope in Africa since December 15 last year.
Furthermore, the data shows that Middle Eastern crude oil shipments to Europe are constantly declining. The export volume in December 2023 was about 570,000 barrels per day, which is almost halved compared to 1.07 million barrels per day in October 2023. This will have an impact on Europe's energy supply.

丰衣足食 : https://v.douyin.com/iLxsQkDv/ LwZ:/07/27 s@E.hO

S56 Kakura 0.74

丰衣足食 : 73 buy more