Sea freight from the Far East / Situation in the Red Sea

Due to the ongoing terror caused by pirate attacks in the Red Sea, all shipping companies continue to avoid the area.

This results in a considerably longer route past the Cape of Hope with longer transit times (approx. 10-15 days) and increased fuel surcharges on the part of the carriers.

Unfortunately, another attempt by Maersk Line through the Red Sea failed last week. There was another attack and the ship returned to the route around Africa.

The change in the overall situation has caused freight rates to rise considerably. In addition, many carriers are charging an emergency disruption surcharge (EDS).

In addition, due to the changed routing, capacities and sea freight services are only available to a considerably reduced extent.

If you have any questions about the current situation for sea freight from the Far East, please contact your account manager.

Friday, January 5, 2024

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