ALERTS & ​ADVISORIES

UPDATED Customer Advisory: Red Sea Attacks and Suez Canal Bypass

By
March 15, 2024
Containers at port.
Containers at port.

Current Situation  

The Red Sea crisis enters its thirteenth week with escalating concerns about extended delays and widespread disruptions impacting the global container shipping network. Terminations of voyages and congestion surges at regional port terminals are happening with short notice, further complicating logistics. The underlying geopolitical tensions continue to cloud the situation, hindering a swift resolution. 

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 shows a further but slowed decline of 4% this week. Drewry expects spot rates ex-China to continue declining in the coming weeks, whereas freight rates on transatlantic will remain stable.  
  • US CENTCOM continues to report successful engagement and destruction of a variety of drones, missiles, and drone boats, drones on land before they are being utilized. While successful engagement is cited, the past week has seen one of the largest and heaviest number of attacks from the Houthi militia. 
  • UKMTO (United Kingdom Maritime Trade Operations) reported today that a vessel has been struck by a missile causing damage, the vessel continued its voyage and the crew reported being safe.  
  • This past week has seen the highest number of attacks on commercial merchant vessels, container and breakbulk/conventional ships alike.  
  • The European Union (EU) expresses growing concern about the impact of the Red Sea Crisis on global supply chains and calls for a diplomatic solution. 
  • The Yemeni government accuses the Houthi militia of obstructing potential solutions to ensure safe passages in the Red Sea. 
  • Industry reports highlight a rise in insurance premiums for vessels traveling the Cape of Good Hope route due to the increased voyage time.  
  • The Houthi militia has today stated their intent to increase the geographical scope of attacks and in addition, potentially use hypersonic missiles, which they claim to have access to. If true, this would lead to further escalation of the current situation.  

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.  

No items found.
Linkedin Logo

Alerts & ​Advisories

NEWS

Stay in the know with JAS
Advisories
news.

Latest News

Breaking ground for a sustainable future: JAS Middle East embarks on a new journey with the groundbreaking ceremony for their state-of-the-art 'Build to Suit' Logistics Hub in Dubai South

JAS Middle East recently broke ground on an innovative 'Build to Suit' Logistics Hub in Dubai South.  

This state-of-the-art facility will boast a unique blend of cutting-edge technology and environmental consciousness, aligning with JAS’s Environmental, Social, and Governance (ESG) goals. Spanning a land plot of 212,160 square feet and a built-up area of 127,300 square feet, the ESG-compliant hub will be designed to tailor to specific logistic needs and prioritize eco-friendly practices. 

In addition to its functional aspects, the property will incorporate other sustainability measures such as the installation of solar panels on its roof—allowing JAS Middle East to achieve ESG credentials. These panels will not only offset monthly utility costs but will help JAS Middle East increase its independence from the national grid (DEWA).  

The office space within the hub, spanning 13,347 square feet over two floors, will offer modern amenities such as meeting rooms, open-plan working areas, and recreational spaces, ensuring a conducive environment for employees and clients. 

“This project represents a significant milestone for JAS Middle East and its esteemed customers,” says Erwin Wittemaier, Area VP for the Middle East, “This strategic investment underscores our commitment to our customers and the UAE market. We look forward to deploying new technology to provide best-in-class logistics solutions.” 

With the exciting groundbreaking of the Dubai Logistics Hub, JAS Middle East not only strengthens its position in the logistics sector but also sets a standard for sustainable infrastructure development in the region. 

JAS welcomes Christian Heinze as Global Head of the Technology Vertical.

JAS Worldwide is excited to welcome Christian Heinze as Global Head of the Technology Vertical, effective April 2, 2024. With this strategic addition to the leadership team, JAS reaffirms its push to expand its presence and expertise in the Technology and Semiconductor sector.  

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.  

Our Sites use cookies for analytics purposes. For more information about the cookies we use on our Sites or how you can disable them, please see our Cookie Policy.