John Tourtellotte’s Post

The Army Corps of Engineers shared that they plan to have a temporary channel at Baltimore’s port open by the end of this month and the port fully open by the end of May. Just as we’re hearing this news, we are also learning that the Panama Canal is accepting more traffic after drought conditions led to significant delays. These developments are reminders of the challenges and realities surrounding #globaltrade and why we must think big, right now but also on an ongoing basis, to ensure #supplychain resiliency. https://lnkd.in/eZvvxdQ6

This is terrible news for the region - the waterways "operated" by the Houthis are the most integral waterways connecting Asia and Europe. Currently - ship owners have 2 terrible choices, extend trips (and costs) by 3 weeks and steer around the Cape or "take the risk". There is a 3rd. I mentioned a couple of weeks ago that I'm working with company that has a "soon to be released" technology that was designed specifically with this issue in mind and aims to restore a ship's "right to navigation". IF this is an issue that you are seeking solutions for - then drop me a line, I will introduce you. Additional benefits of this technology are broad, including enhanced navigation, SIRE 2.0 implementation (from a Behavioural Safety perspective), reduced insurance premiums (special rate with this technology installed) and the potential for alternative fuel efficiency measurements. If you work in Technical Management, Ship Refit Projects or Marine Operations - you will want to know about this product. Get in touch.

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/d3_sncyY #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/eTXvVqFQ #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/dzEvT4cB #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/dbhiHrM7 #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/dchsJrpk #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/gNua99Tr #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

📣 Explore our latest report: The Red Sea situation and its impact on the industry! We've just published a new report that takes a close look at what's happening in the Red Sea and how it's affecting the industry. Read the full report here: https://lnkd.in/dbhiHrM7 #AsstrAReport #LogisticsNews #RedSea #MaritimeSecurity

The Houthi movement, a Shia militant group backed by Iran, is actively targeting vessels associated with Israel and its allies in the Red Sea and Bab al-Mandab Strait. Iran's support for the Houthis is part of a broader regional strategy to extend its influence and counter rival powers, particularly Saudi Arabia and Israel. The attacks on commercial ships have led major shipping companies, including Maersk, Hapag-Lloyd, CMA CGM, and MSC, to temporarily suspend services in the Red Sea, impacting global maritime trade routes. Iran's involvement in supporting both the Houthis and Hamas in Gaza adds complexity to the geopolitical dynamics of the Middle East. The Houthis, armed with sophisticated missiles and rockets, have intensified their attacks, prompting increased navy deployments by the U.S., U.K., and allies. The closure of this significant naval trade route has raised concerns, leading to discussions about potential military action against the Houthis to restore unrestricted passage. Recent developments include the successful deployment of an anti-ship ballistic missile by the Houthis, the interception of anti-ship missiles by the U.S. Navy, and warnings of retaliation from the Houthis in response to potential U.S. attacks. The situation has escalated to an ultimatum issued by a coalition of countries, demanding an immediate halt to Houthi attacks and the release of wrongfully held ships and their crews. The Red Sea crisis has resulted in a substantial increase in shipping costs, impacting the global economy. Transporting containers from Asia to Northern Europe has seen a 173% cost increase, and elevated insurance rates further contribute to the economic impact. The ongoing security concerns and international efforts to de-escalate the crisis highlight the need for a comprehensive approach that addresses diplomatic, economic, and security measures. Iran's continued support for the Houthis remains a significant factor in the complex regional dynamics. Source: https://lnkd.in/dxSaXuMk #maritimeindustry #maritimesecurity #maritimesafety