Due to the Red Sea Incident, parties have suspended sailings, and freight rates on related routes have increased approximately 6 times compared with the first half of the month.
Ships from some cargo companies have stopped sailing in the Red Sea after attacks by Iran-backed Houthi rebels in Yemen.
The Red Sea is one of the world's largest shipping routes for oil and fuel transportation and consumption. This route is the only way for ships to reach the Suez Canal, which itself is a major waterway. Be aware that it means ships have to take longer routes, such as sailing in Africa.
(U.S. Armor: A U.S. warship and multiple merchant ships were brutally attacked in the Red Sea) Source·Visual China)
Egypt's minister insists traffic in the Suez Canal is normal despite recent attacks.
The world's largest Mediterranean group MSC(MSC) announced that it is diverting its vessels away from the Red Sea due to the increased threat of attacks.
A day after Danish union Maersk and German shipping company Hapag-Lloyd suspended Red Sea routes, France's CMA CGM made a similar move.
MSC, Maersk, Hapag-Lloyd, CMA CGM, Yang Ming Misery and Evergreen all said they would immediately change all planned itineraries to ensure the safety of seafarers and ships. Together, these distressed companies account for approximately 60% of global trade.
So far, the freight rates for related routes from the Far East to Israel have increased by about 10% compared with the first half of the month.6 times
Affected by the situation in the Red Sea, the person in charge of a freight forwarding company revealed to Blue Whale reporters yesterday that the shipping company has announced the latest freight rates, among which the freight rates for routes from the Far East to Israel have risen to more thanUSD 6,000/FEU. "In the first half of December, the shipping cost was only over 1,000 US dollars/FEU, and in the second half of the month (first release) it was only over 2,000 US dollars/FEU."
( Screenshot of Hongmingda Logistics Communication Circle )
Hongmingda Logistics Focus on Europe, the United States, Canada, Malaysia, Australia and other countriesDDU/DDP services, have Exceed26 years of experience in international logistics and shipping , we attach great importance to this incident and always pay attention to the development of the situation. Of course, we also continue to receive inquiries from customers. We can understand the customer's mood very well. The specific circumstances of each logistics order are different. Welcome to consult us to learn more. Detailed information and customized international logistics transportation solutions.
