Welcome to CMI Logistics Ltd

The recent increase in Red Sea attacks by Yemen's Houthi militants has prompted major shipping companies, including MSC, Maersk, and CMA CGM, to reroute their vessels away from the Suez Canal. The Houthis, responding to the Gaza war, have escalated attacks, targeting commercial vessels and impacting. East-West trade routes, especially for oil. The recent attacks have raised war risk insurance premiums and added significant costs to voyages. 

Many carriers are rerouting some services around Africa's Cape of Good Hope, leading to longer sailing times. 

The Suez Canal is a crucial global route for seaborne commodity shipments, particularly crude oil and fuel so we may expect to see a sharp rise in BAF in the coming weeks and month as a result.

In light of these events, we are taking proactive measures to ensure the safety and timely delivery of your shipments, working closely with carriers. We understand that these changes may affect your planning. Our team is here to support you through these challenges and explore all possible solutions to meet your needs.

Starting from the 1st of January 2024, The European Union is extending the use of the Emissions Trading System (ETS) to include the shipping industry and ferry operators with the aim of achieving zero net emissions by 2050.

This step is driven by the need to enhance the adoption of carbon neutral energy sources and sustainable practices throughout all operational aspects of the supply chain.

As a result of the implementation of the ETS, the shipping companies will introduce an ETS surcharge from the 1st January 2024.

More information regarding how CMI Logistics will handle this surcharge and the effect will be communicated during December 

If you do require any further information please do not hesitate to contact the undersigned