ALERTS & ​ADVISORIES

UPDATED Customer Advisory: Red Sea Attacks and Suez Canal Bypass

By
March 15, 2024
Containers at port.
Containers at port.

Current Situation  

The Red Sea crisis enters its thirteenth week with escalating concerns about extended delays and widespread disruptions impacting the global container shipping network. Terminations of voyages and congestion surges at regional port terminals are happening with short notice, further complicating logistics. The underlying geopolitical tensions continue to cloud the situation, hindering a swift resolution. 

Industry Insights, Facts & Market Developments

Below are some additional key facts and market developments surrounding the situation, including a timeline of major events.  

  • Drewry's WCI composite index shows a further but slowed decline of 4% this week. Drewry expects spot rates ex-China to continue declining in the coming weeks, whereas freight rates on transatlantic will remain stable.  
  • US CENTCOM continues to report successful engagement and destruction of a variety of drones, missiles, and drone boats, drones on land before they are being utilized. While successful engagement is cited, the past week has seen one of the largest and heaviest number of attacks from the Houthi militia. 
  • UKMTO (United Kingdom Maritime Trade Operations) reported today that a vessel has been struck by a missile causing damage, the vessel continued its voyage and the crew reported being safe.  
  • This past week has seen the highest number of attacks on commercial merchant vessels, container and breakbulk/conventional ships alike.  
  • The European Union (EU) expresses growing concern about the impact of the Red Sea Crisis on global supply chains and calls for a diplomatic solution. 
  • The Yemeni government accuses the Houthi militia of obstructing potential solutions to ensure safe passages in the Red Sea. 
  • Industry reports highlight a rise in insurance premiums for vessels traveling the Cape of Good Hope route due to the increased voyage time.  
  • The Houthi militia has today stated their intent to increase the geographical scope of attacks and in addition, potentially use hypersonic missiles, which they claim to have access to. If true, this would lead to further escalation of the current situation.  

Our Commitment

JAS Worldwide will continue to monitor the situation and keep you duly updated. Our public website update will occur once per week, every Friday.  

For any more detailed and / or shipment specific information, or alternative solutions, please contact your local JAS office.  

No items found.
Linkedin Logo

Alerts & ​Advisories

NEWS

Stay in the know with JAS
Advisories
news.

Latest News

The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on a new six-year Master Contract, helping to provide stability for East and Gulf Coast ports.

The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on a new six-year Master Contract, helping to provide stability for East and Gulf Coast ports. The agreement, announced on January 8, 2025, prevents a potential work stoppage scheduled for January 15.


In a joint statement, the ILA and USMX highlighted the agreement's importance: "This agreement protects current ILA jobs and establishes a framework for implementing technologies that will create more jobs while modernizing East and Gulf coast ports – making them safer and more efficient, and creating the capacity they need to keep our supply chains strong."


The contract, which is subject to ratification by both parties, supports job creation and port efficiency while helping sustain the U.S. economy's role in global trade. Further details will remain confidential until the review and approval process is complete.


This milestone agreement marks a collaborative step forward for the maritime industry, ensuring stability and growth in the years to come.

JAS Argentina is honored as a Great Place to Work for the 5th year in a row, recognizing its commitment to a positive and inclusive workplace culture.

Buenos Aires, Argentina –– JAS Worldwide is proud to announce that its Argentina office has been recognized as a Great Place to Work for the fifth consecutive year. This award highlights the teams commitment to creating a positive and inclusive workplace culture where employees feel valued, supported, and empowered to thrive.

The recognition as a Great Place to Work is based on direct feedback from employees and reflects JAS Argentina’s dedication to upholding the highest standards in workplace excellence.  

“We are honored to receive this recognition for the fifth year in a row,” said Patricio Pranzetti, Managing Director of JAS Argentina. “Our team is the heart of our success, and this achievement reflects their passion, dedication, and commitment to building a workplace where everyone can excel. Together, we will continue to create a culture of innovation, trust, and excellence.”

JAS Argentina’s recognition underscores the company’s broader global vision to create a unified, inclusive, and engaging work environment across all its offices. By investing in people, processes, and technology, JAS Worldwide empowers its employees to deliver exceptional service and innovative solutions to customers around the world.

JAS Argentina is honored to celebrate this milestone alongside its talented team and looks forward to continuing its legacy of excellence in the years ahead.

Arctic transport in action.

JAS Projects and JAS Sweden are proud to share an exciting achievement in heavy transport, executed deep in northern Sweden near the Polar Circle. This unique project involves the movement of oversized cargo through challenging winter conditions, where temperatures plummet as low as minus 15 degrees Celsius. 

The cargos dimensions are impressive: 

  • Max Weight: 240 tons 
  • Max Length: 49 meters 
  • Max Width: 6.5 meters 
  • Max Height: 5.15 meters 

Transporting such massive loads requires meticulous planning, technical expertise, and flawless teamwork—all of which were on full display as our team worked tirelessly to ensure safe and efficient delivery through the icy terrain. 

Luiz Dos Santos, Project Coordinator at JAS Projects, accompanied the operation and shared his firsthand experience. For Luiz, this was his first opportunity to be on-site for a heavy-lift transport, and it proved to be both thrilling and educational: 

"A thrilling mission in the far north. I accompanied the heavy transport from start to finish through the icy winter landscape of northern Sweden. It was an extraordinary and impressive experience to see the required precision and flawless teamwork with my own eyes. The execution, as well as the planning, are significantly more complex than they often appear from the desk. So, it was all the more helpful to have experienced the entire process firsthand."

This operation is a testament to the team's commitment to excellence, even in extreme environments. From intricate planning to navigating unpredictable Arctic conditions, the success of this transport highlights our ability to deliver solutions tailored to every challenge. 

Our Sites use cookies for analytics purposes. For more information about the cookies we use on our Sites or how you can disable them, please see our Cookie Policy.