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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As a key player in the logistics ecosystem, the JAS team is excited to engage with industry leaders, share insights, and explore collaborative opportunities to help drive the future of pharma & healthcare supply chain management. Attendees are invited to visit booth #53 to connect with JAS representatives and discover how its innovative solutions can optimize their supply chains and drive efficiency.

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"We are excited to be sponsoring and attending LogiPharma 2024 and the opportunity to share more about JAS SmartHub. For the first time this year, we are also doing virtual reality experiences of our Pharma & Healthcare warehouses around the world," said Laetitia Chery, Vice President of Pharma & Healthcare Sales EMEA . "We’re just as excited for our 5K and partnership with Hoops Relief. LogiPharma brings brilliant mind and ideas together, making it an ideal place to make a positive impact even beyond life sciences and logistics.”

Don't miss the opportunity to engage with JAS Worldwide at LogiPharma 2024 and join the 5K run for a memorable experience combining networking, wellness, and philanthropy.

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Christian brings over two decades of success serving in senior operational and commercial roles within the global logistics industry. His deep knowledge of the semiconductor and solar industries has shaped critical supply chain transformations for clients across all modes of global transportation.  

Throughout his career, Christian has been instrumental in developing and implementing innovative commercial strategies that have contributed to significant business growth and fostered customer collaboration. His innate understanding of the industry landscape and proven track record of driving operational excellence make him a valuable asset to JAS’s growing technology vertical.

"Christian’s wealth of experience and passion for innovation aligns perfectly with our mission to deliver exceptional services to our Technology clients. His leadership will play a crucial role in expanding our service portfolio and solidifying JAS's position as a key player in the dynamic and fast-evolving semiconductor industry," Manuele Mazzacurati, EVP, Sales & Marketing, JAS Worldwide, expresses with enthusiasm.  

Christian Heinze's appointment comes at a key time as JAS continues its focus on operational excellence, offering innovative solutions, and adopting a sustainable approach to drive growth and create value for its customers globally.

Blue World Line

Dear Valued Customer, 

Due to the recent collapse of the Francis Scott Key Bridge in Baltimore, we are raising awareness that our services and contracts are affected by this situation.  

Therefore, in conjunction with similar actions taken by ocean carriers, Blue World Line hereby provides this notice, in accordance with the clauses 11 and 12 of its bill of lading, of the necessary re-routing of some vessels currently sailing to and from the Port of Baltimore. 

Cargo currently at the terminals in Baltimore will remain at the port until further notice and imports originally set to call the port of Baltimore have been rerouted to other US East Coast ports.  

JAS Worldwide, as agent for Blue World Line, is taking all necessary steps to preserve its transportation services for our customers and to mitigate the impact of this situation on your shipments. 

Lastly, this disruption will continue to impact our services along the east coast of the United States and drive booking and routing changes on both imports and exports calling the port of Baltimore.  We will continue our best efforts to keep you updated on the status of your shipments and any developments as they happen.  

We appreciate your understanding and cooperation in this difficult situation, and we will keep you updated on any additional developments. Please check back often at www.jas.com for the latest news. 

For any questions and concerns, please contact your local JAS office.  

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