Israel Haifa Port & US Maritime Concerns India's Adani Ports Group along with a Israeli logistics group acquired Israel's premier Mediterranean Sea Port of Haifa .The Adani Ports conglomerate is expanding its portfolio in Israel and future plans include establishing of a trade and strategic gateway connecting the Port of Haifa and Middle Eastern region
World Maritime Supply Chains & Straits Maritime routes involve 5 crucial international waterways namely “ The English Channel, Malacca Strait, Hormuz Strait, Suez Canal and the Panama Canal". Each of these 5 waterways have had distinct disruptions with respect to supply chains. The English Channel has an advantage of modern Sea Ports with minimal collisions
Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of
Variable Wind patterns complicating Navigation The blockage of the Suez Canal highlighted the vulnerability of global shipping and freight logistics to climatic changes. Extreme heat dries soil ,vegetation becomes scarce ,winds mobilize sand grains and ensuing sandstorms display strong and variable wind patterns complicating navigation in the passage of the Suez Canal .In the last
Russian Crude at Discount With the increase in ocean borne trade and vessels the incidents of blasts and spills have correspondingly increased at ports and coasts. Although the maritime sector is relatively regulated rising costs of insurance of ships lets inspections and survey of ships worthiness slip in some jurisdictions. The shipping sector has witnessed
