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Supply Chain Latest: Israeli Sea Ports and Air Cargo Operations

Supply Chain Latest: Israeli Sea Ports and Air Cargo Operations

The Proud Asian News Feed by The Proud Asian News Feed
Oct 16, 2023 8:00 pm EDT
in Stop Asian Hate
A A

Israel’s air cargo and marine gateways for trade are functioning under signs of strains as the country’s war against Hamas continues.

Ocean shipping rates for goods shipped to Israel from Asia and western Europe actually fell last week from a week earlier along with rates globally, said Judah Levine, the head of research with Freightos, a booking and payments platform for international freight, with an office in Jerusalem. That may change as insurance costs increase and carriers pass along war risk premiums, like Haifa-based container line Zim Integrated Shipping Services announced in recent days.

Read the full article here

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