Disruptions And Surcharges Escalate Costs For Asia-Europe Shippers

Skyrocketing Sea Freight Expenses for Asia-to-Europe Shippers Amidst Escalating Houthi Rebel Attacks on Merchant Shipping Routes via the Suez Canal.

Ocean carriers are already adding war-risk surcharges to shipper invoices, but with the situation deteriorating daily, shipping lines will increasingly look to re-route vessels around the Cape of Good Hope, rather than transiting the Suez Canal.

This will add some 10 days to the westbound voyage time of an...

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