RED SEA UPDATE #4: CONTINUED UNCERTAINTY PROMPTING DIVIDE AMONGST CONTAINER CARRIERS

Dear ,

Following the Christmas holidays, the situation in the Red Sea remains fluid and uncertain. It is also clear that carriers are currently divided in their risk assessment, providing an overall blurry picture of the situation:

    • CMA CGM and Maersk have announced a gradual return to sailing through the Suez Canal after US-led efforts to prevent attacks as part of Operation Prosperity Guardia

    • The world´s largest container carrier, MSC, though, maintains a different stance and that it, for now, will continue to re-route vessels via Cape of Good Hope

    • Other carriers have adopted a ‘wait and see’ approach, with Hapag Lloyd expected to decide on 27 December whether to maintain re-routings or gradually resume sailing through the Suez Canal.


We still expect extended transit times for the coming period, and rate levels will, for now, remain elevated due to this situation, with emergency surcharges issued by carriers across the industry expected to be maintained for the time being.


Our teams are naturally working tirelessly to keep any impact on your business at a minimum.


The above are only highlights; get our in-depth view of the current situation below:

Best regards,