## Company Profile POWER CARGO CO. (Sea Power) — Saudi Arabia-based freight forwarder and logistics provider focused on Jeddah Islamic Port. Likely services: container forwarding, customs clearance, local trucking and warehousing, project and food/agri cargo handling. Inferred small-to-mid-size forwarder serving Saudi importers of cereals, rice, sugar, poultry inputs and general containerized cargo. ## Pain Points 1) Route and insurance cost volatility: elevated war-risk premiums and emergency surcharges create sudden landed-cost jumps that clients need explained and mitigated. 2) Schedule unreliability and longer lead times: blank sailings, Cape detours and feedering increase transit variability and risk of stockouts for food importers. 3) Supplier discovery and origin diversification pressure: buyers want vetted alternative origins and quick landed-cost scenarios but forwarders may lack multi-origin sourcing capabilities to present credible options. ## Intel Summary Research highlights (May 2026): - Red Sea security: Since late 2023 Houthi attacks created a persistent high-risk corridor. In 2024 traffic via Suez collapsed (estimates up to 75-90% at peak); 2025-26 show a hybrid pattern with partial return but ongoing elevated risk and periodic incidents. Sources: project44, The Middle East Insider, Wikipedia. - Insurance and cost: 2026 war-risk premiums for southern Red Sea/Bab al-Mandeb transits commonly quoted ~0.5-1.5% of hull value; some studies cite an average ~0.75% (illustrative US$1.2M per voyage for a 20,000 TEU vessel). Cargo/war insurance premiums up ~25-50% vs late 2025. Sources: SZViper, ISDO, Fairway ETA. - Routing and time: Cape detours add ~10-14 days and 30-40% more bunker use per round trip; carriers balance insurance vs fuel/time cost leading to mixed routing patterns. Sources: Frontiers, S&P Global, transport commentary. - Impact on Jeddah: Mainline calls were depressed during peak detours; ports adapted with more feedering and relays. Vision 2030 investments (Maersk hub in Jeddah, Mawani upgrades) are increasing capacity and resilience. Sources: Vision2030 report, Transport & Logistics ME. - Demand signals: Saudi remains import-dependent for wheat, rice, sugar, poultry inputs (estimated >US$20bn food imports annually). Buyers are diversifying origins and holding strategic stocks; tenders now often allow flexible loading ports. Sources: FAO GIEWS, Vision2030 analyses. - Forwarder pain points: forwarders are managing dynamic routing clauses, embedding war-risk surcharges, advising clients to add 2-3 weeks lead time and higher safety stock, and offering landed-cost comparisons across origin/route scenarios. Sources: project44, insurance and market commentary. Sources: project44, SZViper, ISDO, Fairway ETA, The Middle East Insider, S&P Global, Vision2030 reports, FAO GIEWS.