Customer Advisory Ocean Freight Stop of Red Sea Routes

Dear customer, Since December 15 in the afternoon, several major shipping lines have suspended their services via the Red Sea.

Currently, Maersk, HapagLloyd, MSC, and CMACGMhaveannouncedthattheywill be divertingallscheduledjourneysthrough the RedSeaimmediately to secure the safety of theirseafarers and vessels.

Ships will likely be routed via the Cape of Good Hope until a safe passage can be guaranteed.

The diversion will significantly increase transit times between Asia and Europe and require shipping lines to increase planned capacity.

We expect the additional capacity requirements on this route will have a ripple effect on other routes.

Affected will be services in and out of Europe and the Middle East and into Africa, where the Mediterranean ports are often used as hubs. Sailings from Asia to the East Coast of the Americas may also be impacted, as many shipping lines currently use the route to avoid congestion in the Panama Canal.

We are following up on all shipments already onboard or booked on services that will be impacted.

We are in contact with our carrier partners and will continue to update you on contingency plans and service changes.