Finance

Shippers Expect Increased US Port Congestion Due to Red Sea Crisis

U.S. shipping industry stakeholders told the Transportation Department they “expected increased congestion at some U.S. container ports in the next four to six weeks as shippers re-route cargo to avoid the Red Sea,” the department said on Friday.

The stakeholders shared their concerns during a call with the department’s Office of Multimodal Freight on Thursday, the department said. The call focused on supply chain issues stemming from the situation in the Red Sea, where attacks by Yemen’s Houthis have disrupted shipping. 


© 2024 Thomson/Reuters. All rights reserved.

Source link

Related Articles

Back to top button
  • bitcoinBitcoin (BTC) $ 51,569.00 1.25%
  • ethereumEthereum (ETH) $ 3,020.88 2.77%
  • tetherTether (USDT) $ 0.999478 0.08%
  • bnbBNB (BNB) $ 378.85 0.03%
  • solanaSolana (SOL) $ 103.21 2.63%
  • xrpXRP (XRP) $ 0.545144 1.35%
  • staked-etherLido Staked Ether (STETH) $ 3,014.58 2.69%
  • usd-coinUSDC (USDC) $ 0.999555 0.09%
  • cardanoCardano (ADA) $ 0.595620 2.94%
  • avalanche-2Avalanche (AVAX) $ 36.75 2.33%
  • dogecoinDogecoin (DOGE) $ 0.086049 1.07%
  • tronTRON (TRX) $ 0.137640 0.38%
  • chainlinkChainlink (LINK) $ 18.53 1.87%
  • polkadotPolkadot (DOT) $ 7.75 1.77%
  • matic-networkPolygon (MATIC) $ 0.981663 1.2%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,542.00 1.11%
  • uniswapUniswap (UNI) $ 10.51 14.25%
  • the-open-networkToncoin (TON) $ 2.10 2.2%
  • internet-computerInternet Computer (ICP) $ 12.49 0.85%
  • shiba-inuShiba Inu (SHIB) $ 0.000010 1.79%
  • bitcoin-cashBitcoin Cash (BCH) $ 267.65 0.41%
  • litecoinLitecoin (LTC) $ 69.99 0.66%
  • daiDai (DAI) $ 0.997232 0.32%
  • immutable-xImmutable (IMX) $ 3.04 1%
  • filecoinFilecoin (FIL) $ 8.19 3.16%
  • cosmosCosmos Hub (ATOM) $ 10.32 3.18%
  • kaspaKaspa (KAS) $ 0.172361 5.86%
  • leo-tokenLEO Token (LEO) $ 4.20 2.03%
  • nearNEAR Protocol (NEAR) $ 3.72 8.24%
  • ethereum-classicEthereum Classic (ETC) $ 26.20 2.64%
  • blockstackStacks (STX) $ 2.59 4.9%
  • hedera-hashgraphHedera (HBAR) $ 0.108955 0.94%
  • bittensorBittensor (TAO) $ 578.18 0.25%
  • optimismOptimism (OP) $ 3.67 4.84%
  • aptosAptos (APT) $ 9.40 0.8%
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00 0.28%
  • stellarStellar (XLM) $ 0.116225 0.62%
  • vechainVeChain (VET) $ 0.045398 5.26%
  • injective-protocolInjective (INJ) $ 34.27 2.48%
  • okbOKB (OKB) $ 50.49 0.03%
  • lido-daoLido DAO (LDO) $ 3.29 6.7%
  • celestiaCelestia (TIA) $ 17.36 5.11%
  • render-tokenRender (RNDR) $ 7.52 6.25%
  • the-graphThe Graph (GRT) $ 0.286684 10.92%
  • mantleMantle (MNT) $ 0.790843 3.11%
  • crypto-com-chainCronos (CRO) $ 0.093149 1.61%
  • arbitrumArbitrum (ARB) $ 1.86 3.08%
  • moneroMonero (XMR) $ 122.96 0.37%
  • sei-networkSei (SEI) $ 0.842196 6.38%
  • suiSui (SUI) $ 1.62 1.75%