News
24 Jun, 2024
The Pandora’s box of supply chain chaos is now wide open
Starting with the conclusion: Chaos across both the global ocean and airfreight markets with no short-term outlook for relief.
Advisory
Temporarily suspension of bookings to/ from Russia and Belarus
03 Mar, 2022
Observing the special nature of this situation and after careful consideration, we have effective 4th March, decided to suspend bookings to/from Russia and Belarus temporarily.
The suspension is valid for 14 days until 18th March, when we re-evaluate the situation.
Certain product categories are exempt from this measure, specifically aid and relief supplies, humanitarian supplies, medicine, and food.
If you have any questions, please contact your local SGL representative.
Read the latest news on your future solutions in action
News
07 Jun, 2024
Ocean freight code red amidst severe capacity crunch
In recent weeks, a severe ocean freight capacity crunch across most major trades has sent freight rates on a skyrocketing trajectory. This rather sudden change in supply and demand has been fueled by high demand and network bottlenecks in part due to the Red Sea situation.
News
07 May, 2024
Surging ocean rate levels reminiscent of COVID-19 chaos
Starting with the conclusion, ocean freight levels are surging in a period that is usually considered a slack season, especially on the Far East Westbound trade from Asia to Europe, which is widely considered the global blockbuster trade.
News
15 Apr, 2024
Goodbye, supply & demand. Welcome, supply & volatility
With the crisis in the Red Sea having turned into a prolonged new normal, yet another stark reminder was provided on 13 April that ever-present geopolitical turmoil has a profound impact on global supply chains.
News
13 Feb, 2024
Red Sea Update: ‘New normal’ mode activated
As we enter the third month of attacks on commercial vessels in the Red Sea by Houthi rebels, the outlook for a resolution to the ensuing conflict looks further away than ever
News
23 Jan, 2024
Red Sea Update: Continued attacks in the Red Sea and container alliance re-shuffling
It would be a fair statement that the start of 2024 has been anything but quiet, and our stability temperature monitor is edging ever closer to code red.
News
12 Jan, 2024
Red Sea Update: US and UK launch attack on Houthi rebels in Yemen
At the inception of this advisory, the headline read “Red Sea crisis enters hibernation mode”; however, this headline is clearly no longer reflecting the latest development.
News
08 Jan, 2024
Red Sea Update: Transitioning from chaos, to controlled volatility
As we enter day 24 of the Red Sea crisis, the situation is as such unchanged, with the industry having grown accustomed to utilising routing via the Cape of Good Hope in the wake of Houthi attacks on commercial vessels in the Red Sea.
News
03 Jan, 2024
Red Sea Update: The carrier limbo dance triggering increased uncertainty
Although three major ocean freight alliances are in place for sharing vessel capacity, recent events have made it painfully apparent that this does not translate into consistency in risk assessments, routing decisions, and schedule reliability. Most apparent has been the limbo dance performed by Maersk, which, in recent days, has completed a U-turn on the decision to once again transit through the Red Sea and Suez Canal.
News
27 Dec, 2023
Red Sea Update: Continued uncertainty prompting divide amongst container carriers
Following the Christmas holidays, the situation in the Red Sea remains fluid and uncertain. It is also clear that carriers are currently divided in their risk assessment, providing an overall blurry picture of the situation.
