ALERTS & ​ADVISORIES

UPDATED Customer Advisory: Red Sea Attacks and Suez Canal Bypass

By
March 1, 2024
Aerial view of cargo ships
Aerial view of cargo ships

Current Situation  
While eleven weeks have passed since the Red Sea crisis began, the immediate situation remains tense and unpredictable. We continue to see a concerting uptick in attack frequency, highlighting the region's dynamic and volatile nature. The first vessel incident with an oil leak also impacting the environment has been registered.

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 has dropped another 2% this week, bringing the total decline to 9.23% over the past month. This decline is further emphasized by specific routes, with the Asia to North Europe index witnessing a 20% drop from its peak six weeks ago, and the Asia to Mediterranean index experiencing a 24% decrease. 
  • Sea-Intelligence reliability data releasing January data points now indicated 51.6% of vessels are on time only. While expected, it is the lowest since September 2022. This results in an average delay of 6.01 days. 
  • While CMA-CGM continues to route select vessels via the Suez, alliance partner COSCO Shipping also seems to be planning to resume using the Suez routing, given their latest schedule updates on upcoming voyages. 
  • US CENTCOM reported successful engagement and destruction of a variety of drones, missiles, and drone boats before they were utilized.  
  • UKMTO (United Kingdom Maritime Trade Operations) reported multiple vessel attacks in the Bab al-Mandeb Straight in the past 48 hours. 
  • The Yemeni Houthi militia claimed responsibility for the attack on the MV 'Rubymar' (dating back to February 18th). As of February 24th, the vessel remained anchored in the Red Sea, continuing to leak oil. The recorded oil slick was measured at 18 miles (29 kilometers) at the time. With the commodity being identified as fertilizer, environmental concerns and the risk of combustion and further pollution increased. Salvage options and the future of the vessel remain unclear.  

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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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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