Coconut Industry Pricing & Volume Update – April 26, 2024
April 26, 2024
Here is a summary of the current pricing & Volume trends for coconut products, both…
Reuters has reported more shipping lines have paused Red Sea routes due to attacks by Iranian-backed Houthi militants on shipping in the area
The report has given details of major lines that have paused or diverted shipping – including all major container companies used for shipping from the Philippines. these are the details taken from the article:
CMA CGM
French shipping group CMA CGM on Dec. 16 said it was pausing all container shipments through the Red Sea.
EVERGREEN
Taiwanese container shipping line Evergreen said on Dec. 18 its vessels on regional services to Red Sea ports would sail to safe waters nearby and wait for further notification, while ships scheduled to pass through the Red Sea would be re-routed around the Cape of Good Hope. It also temporarily stopped accepting Israeli cargo.
HAPAG-LLOYD
German container shipping line Hapag Lloyd said on Dec. 18 it would re-route several ships via the Cape of Good Hope until the safety of passage through the Suez Canal and the Red Sea could be guaranteed.
A projectile believed to be a drone struck its vessel Al Jasrah on Dec. 15, while sailing close to the coast of Yemen. No crew were injured.
MAERSK
Denmark’s A.P. Moller-Maersk on Dec. 15 said it would pause all container shipments through the Red Sea until further notice, following a “near-miss incident” involving its vessel Maersk Gibraltar a day earlier.
The ship was targeted by a missile while travelling from Salalah, Oman, to Jeddah, Saudi Arabia, the company said.
MSC
Mediterranean Shipping Company (MSC) said on Dec. 16 its ships would not transit through the Suez Canal, with some already rerouted via the Cape of Good Hope, a day after Houthi forces fired two ballistic missiles at its MSC Palatium III vessel. The decision will disrupt sailing schedules by several days, the Switzerland-based group said.
OOCL
Orient Overseas Container Line (OOCL) has stopped cargo acceptance to and from Israel until further notice, the shipping company owned by Hong Kong-based Oriental Overseas (International) Ltd (0316.HK)said on Dec. 16.
YANG MING MARINE TRANSPORT
Taiwan’s Yang Ming Marine Transport said on Dec. 18 it would divert ships sailing through the Red Sea and the Gulf of Aden via the Cape of Good Hope for the next two weeks.
We have not had any details of all our shipments, but most that are not through the Red Sea to the Suez Canal are going to be delayed.
Why not subscribe to receive the latest market news straight to your inbox to clinch the best deal!
April 26, 2024
Here is a summary of the current pricing & Volume trends for coconut products, both…
April 19, 2024
The weather has been in the news this week, with massive storms in the Gulf…
March 18, 2024
Palm Oil and Coconut Oil prices jumped almost 12% on Friday, 7th March, to a…
March 7, 2024
El Niño In an update from the World Meteorological Organization (WMO) the current El Niño…
February 1, 2024
Shipping The attacks by Iranian-backed Houthi militants on vessels have made travel through the Red…
January 29, 2024
As we get to the end of January 2024, we've started a new year with…
If you require technical information about our products, then please login here to access the most up to date information...
Let's take a look at this...