FAO calls for immediate efforts to de-escalate tensions and facilitate the uninterrupted flow of commercial and humanitarian food supplies The escalation of the Red Sea crisis is poised to accelerate the increase in shipping costs, delay the delivery of essential food or lead to a complete suspension of trade routes[Read More…]
Tag: Red Sea
Folk Maritime launches new container line in Saudi Arabia
The new box carrier is expected to provide its customers with non-vessel operating common carrier (NVOCC) services and create new trade lanes, offering end-to-end shipping solutions A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Poul Hestbaek is[Read More…]
Egyptian Food Bank launches mobile kitchen to distribute meals in Egypt’s streets
The implementation of ‘Tekeya Al-Mahrousa – the mobile kitchen’ by the Egyptian Food Bank aims to assist and facilitate the lives of people by providing them with nutritionally healthy meals The Egyptian Food Bank has announced the launch of ‘Tekeya Al-Mahrousa’ – a mobile kitchen to distribute hot meals in[Read More…]
Red Sea crisis spiralling ocean freight rates from Far East to US
The latest data released by Xeneta indicates a peak may have been reached after spot rates from the Far East into the US declined slightly since the last round of General Rate Increases (GRIs) were implemented at the start of February The Red Sea crisis sent ocean freight rates from[Read More…]
Suez Canal Authority and MSC Group discuss developments and situation in Red Sea
The meeting was aimed at discussing ways of cooperation and reviewing the navigation policies of MSC in the Suez Canal The Chairman of the Suez Canal Authority, Admiral Ossama Rabiee, held a video conference meeting with Soren Toft, the CEO of the MSC Group, along with Tarek Fahmy, the Chairman[Read More…]
Red Sea shipping crisis to affect global food prices: UNCTAD
Disruptions in grain shipments from Europe, Russia, and Ukraine pose risks to global food security, affecting consumers and lowering prices paid to producers The United Nations Conference on Trade and Development (UNCTAD) has expressed profound concerns over the escalating disruptions in global trade, particularly stemming geopolitical tensions affecting shipping in[Read More…]
