ALERTS & ​ADVISORIES

UPDATED Customer Advisory: Red Sea Attacks and Suez Canal Bypass

By
February 23, 2024
Container Ship
Container Ship

Current Situation  

Two and a half months into the crisis, the immediate risk situation in the Red Sea has not improved, and multiple new attacks with high frequency have been witnessed in the region this past week. The long-term impact on container shipping remains uncertain. Continued geopolitical tensions, logistical challenges, and potential for disruptions contribute to an environment of volatility. Shippers and industry stakeholders are advised to remain informed and adjust their strategies accordingly. 

Industry Insights, Facts & Market Developments 

Below are some additional key facts and market developments surrounding the situation, including a timeline of major events.  

  • Drewry’s WCI composite index, indicates a further 2% decline compared to last week. It is important to note that although the Index has decreased, it is still significantly higher than pre-pandemic levels and the 10-year average.  
  • Spot rates from the US East Coast to Asia begin to rise, mirroring the earlier increases observed on European and Mediterranean routes reported last week.  
  • Both MSC and Maersk announced additional vessels to be deployed on their Transpacific service due to the extended Cape of Good Hope route. 
  • Hapag Lloyd reported two days ago that the Red Sea and Suez Canal routes continue to be avoided. A shuttle service connecting Red Sea cargo via Jeddah, Saudi Arabia, to Europe, North America, and Latin America has been implemented.  
  • CMA-CGM had one 16,000 TEU vessel complete its southbound transit two days ago with others clearly intending to plan to transit in the coming week. The same information seems to be reflected in the carriers’ official schedules.  
  • Industry experts again urge shippers to review their insurance coverage for transit, cargo loss and General Average.  
  • US CENTCOM successfully continued to conduct strikes against missile launchers on land, preventing use this past week. Counter activities included intercepting a drone submarine launched by the Houthis. 

Our commitment 

JAS Worldwide will continue to monitor the situation and keep you duly updated. Our public website update will occur once per week, every Friday.  

For any more detailed and/or shipment specific information, or alternative solutions, please contact your local JAS office.

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JAS Worldwide attends Day 1 of Transport Logistics China 2024.

JAS Worldwide, a global leader in freight forwarding and logistics, is thrilled to share its participation in Transport Logistics China 2024. The event, taking place from June 25-27 at the Shanghai New International Expo Centre, is the premier gathering for the logistics and supply chain industry in Asia.

Today marks the first day of this event, and JAS Worldwide has already made a significant impact. Located at Booth # W5.185, JAS is showcasing its latest innovations and comprehensive logistics solutions designed to optimize supply chains and enhance operational efficiency for businesses worldwide.

Day 1 Highlights Include:

  • Onsite Interview: Moderated by Jennifer Jinadu-Wright, Global Marketing VP at JAS Worldwide, this session featured discussions with key leaders such as David Bang, Chief Commercial Officer, JAS Worldwide; Manuele Mazzacurati, Global EVP Sales & Marketing, JAS Worldwide; Tero Ahonen, Chief Strategy Officer, JAS China; and Cissy Lu, Chief Commercial Officer, JAS China. The interview explored the latest logistics and supply chain industry trends, challenges, and opportunities.
  • Live Stream: Hosted by Tina Zhou, Ningbo Branch Manager, JAS China, this interactive session explored the intricacies of international cold chain logistics packaging for pharmaceuticals. Guests Carine Cai, Managing Director, Genxin Technology (Guangdong) Co., Ltd, and Hardis Ding, Head of Pharma & Healthcare, JAS China, shared their expertise on technical principles, best practices, and innovative strategies in cold chain logistics.

JAS looks forward to engaging with industry leaders and showcasing how its solutions can help businesses navigate the complexities of the global supply chain throughout the event.

Bettina Ramcke, Global Director of Business Implementation at JAS Worldwide

As the Global Director of Business Implementation at JAS Worldwide, Bettina has navigated the world of logistics with determination and a commitment to making a difference. Her involvement with The Sandy Springs Mission, a local nonprofit supported by The Bruni Foundation, JAS’s philanthropy aimed at enriching local communities, exemplifies her dedication to uplifting her team and those around her.

Bettina originally worked in the hospitality industry. Her path took a turn when she started helping with her family’s forwarding company, marking her introduction to logistics. This experience paved the way for her move to Australia, where she utilized her multilingual abilities and industry knowledge to support logistics for the Sydney Olympic Games. Over the next 15 years, Bettina worked diligently to hone her skills and expertise.

After a hiatus to recover from burnout, Bettina reentered the workforce, joining JAS to continue developing the business implementation structure. “I took two years off because I was burned out and I told myself, “I’m not going back to this industry, but what made me reconsider, was looking at JAS’s values and its commitment to giving back to the environment, and to communities. That was very important to me.”

Bettina’s ability to navigate this demanding field is rooted in her passion for logistics and her belief in the importance of being driven by what you love.

Beyond her professional accomplishments, Bettina’s heart is equally invested in community service. For the past 5 years, she has volunteered with non-profit organizations in Jamaica and with The Sandy Springs Mission, an Atlanta-based nonprofit dedicated to providing Latino students of all ages with the resources needed to lead a successful life during and after high school.

With the support of The Bruni Foundation, JAS’s philanthropic arm, Bettina has been instrumental in fostering a partnership that promises tangible benefits for local Atlanta children.

One of Bettina’s key initiatives is enhancing the Mission’s sports program for elementary and middle school students. She believes that exposure to different sports can significantly boost children’s confidence and encourage lifelong participation. “Enhancing the sports program will allow the kids to grow their confidence in joining their school’s sport teams, which would help in better life habits and could lead to future college scholarships” Bettina explains. This initiative is part of a broader one-year partnership with The Sandy Springs Mission, backed by a grant from The Bruni Foundation. The funding allows for the support of various sports programs, like improving the quality of the baseball camps, adding an introduction to volleyball, basketball and tennis sessions during the summer and after-school activities, and also provide sports gear. Bettina emphasizes that volunteering with the organization doesn’t always have to be signing up for week-long camps or committing long-hours, noting that volunteers can play a critical role just by volunteering for 1-2 hours during a camp or even helping parents translate and fill out paperwork.

Bettina Ramcke’s story is one of passion, and a commitment to making a difference. Whether through her work in logistics or her efforts with The Sandy Springs Mission, she exemplifies how dedication to both career and community can lead to meaningful impact. As she continues to lead with passion, Bettina remains a powerful example of how one person’s commitment can inspire widespread change and foster community growth.

If you’re in the Atlanta area and feel drawn to the purpose of The Sandy Springs Mission, find out more opportunities to volunteer today!

The JAS Saudi Arabia team proudly accepts the Overall Performance and Positive Contribution 2023 award from SABIC at the Supplier Recognition Ceremony in Jubail.

Jubail, Saudi Arabia – JAS Saudi Arabia is proud to announce that it has been awarded the Overall Performance and Positive Contribution 2023 award by Saudi Basic Industries Corporation (SABIC). The award was presented during the Supplier Recognition Ceremony held at SABIC's Jubail SJB headquarters. 

The Supplier Recognition Ceremony is an annual event organized by SABIC to acknowledge and celebrate the outstanding contributions and achievements of its partners and suppliers. This year's ceremony brought together industry leaders, key stakeholders, and representatives from SABIC’s network of suppliers. 

The JAS Saudi Arabia team was recognized for its performance, commitment to excellence, and significant contributions to SABIC's supply chain operations. The award highlights JAS’s commitment to providing superior logistics and forwarding services, ensuring seamless and efficient transportation solutions that align with SABIC's high standards and operational requirements. 

"We are honored to receive this award from SABIC," said Jad Moujally, Managing Director of JAS Saudi Arabia. "This recognition reflects the strong partnership and collaboration between our organizations. We are proud of our team's hard work, creativity, and dedication, which have been instrumental in achieving this milestone. We look forward to continuing to support SABIC's mission and are excited about what the future holds.” 

SABIC, a global leader in diversified chemicals, relies on its partners and suppliers to maintain the highest levels of efficiency and innovation in its operations. The Overall Performance and Positive Contribution award underscores JAS Saudi Arabia’s role in meeting these expectations and enhancing the overall performance of SABIC’s supply chain. 

JAS Saudi Arabia extends its gratitude to SABIC for this honor and to its team members whose dedication and professionalism have made this achievement possible. The company remains committed to delivering exceptional service and value to its clients and partners, continuously striving for excellence in all its operations. 

About JAS Worldwide 

JAS Worldwide, a global leader in logistics and supply chain solutions, was founded in Milan, Italy, in 1978. Headquartered in Atlanta, Georgia, USA and supported by 7,000+ team members in more than 100 countries, it builds innovative and sustainable solutions that focus on customer needs and a better future for all. At the heart of JAS's success is its people who deliver customer value. As one of the largest and fastest growing family-owned logistics companies, JAS is committed to creating opportunities for our communities, customers, and colleagues to thrive. Together.  

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