Red Sea crisis reaches peak impact on box ships
With our large portfolio of ocean freight forwarding and logistics services, Davies Turner was interested to read that almost all of the services from the top 10 container lines have diverted via the Cape of Good Hope and escalation of Houthi attacks would have little impact according to maritime analyst Linerlytica.
That is according to a news item on the Seatrade Maritime News website, which reports that of the leading container ship operators only CMA CGM has continued to transit Suez, with an 11-ship service, of between 9,000 and 11,000 teu, all of which are operated by CMA CGM with its Ocean Alliance partners, COSCO, OOCL and Evergreen taking slots on the service.
“Any further escalation of the Red Sea crisis would have a limited impact on the container markets as only 14% of the ships currently deployed on the Asia- Europe trade are using the Suez Canal,” said Linerlytica.
The Seatrade Maritime News article can be read in full here: https://tinyurl.com/mv73x9th
Davies Turner remains committed to helping clients manage the difficult situation facing container shipping at present and mitigate where possible additional costs incurred. Our ocean freight team will endeavour to keep in close contact with all clients to provide updates on specific movements.
For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit the relevant pages of this website.
Red Sea crisis reaches peak impact on box ships
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