Red Sea Maritime Chokepoint Disruption To Persist Into 2025, Top Shipping Exec Warns
Speaking at the Marine Money conference in Singapore earlier today, Jeremy Nixon, CEO of Ocean Network Express, warned that container shipping disruptions in the southern Red Sea will persist “well into 2025.”
“Based on current geopolitical developments at the end of September, it looks quite likely that we will continue to have Cape of Good Hope routing well into 2025,” Nixon said on the sidelines of the conference.
He said the diversion of container ships around the Cape of Good Hope to avoid Iran-backed Houthi drone and missile attacks in the Red Sea has resulted in forward cargo ordering jumping by 10% in North America on a ton-mile basis. He said this outpaced the injection of container supply for the year.
Nixon’s container ship fleet is comprised of more than 200 vessels worldwide. The direct result of tight container capacity has pushed prices higher.
Nixon also commented on looming labor strikes to hit US East/Gulf Coast ports next Tuesday:
“We’re preparing now for the 30th of September when we expect that the terminals all along the East Coast will come to a stop.”
Back to the Red Sea, the militaries of the US and European Allies have not ensured freedom of navigation and maritime security in the critical maritime chokepoint.
Since October 2023, Houthi rebels have launched over 80 attacks on vessels in the region.
The latest Bloomberg data shows that no LNG vessels are traversing the critical waterway, with destinations in Europe, the US, and South America.
Anas Alhajji, an energy market expert based in Dallas, recently wrote on X, “Whoever controls the Red Sea controls the trade of China, India, Russia, and the Middle East. Houthis are just a tool…”
Tyler Durden Tue, 09/24/2024 – 12:45
Source: https://freedombunker.com/2024/09/24/red-sea-maritime-chokepoint-disruption-to-persist-into-2025-top-shipping-exec-warns/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,641,110,057 |
| Stories: | 8,253,261 |
Whistler Blowers, Insiders
