The shipping company announced: Transportation costs will increase by 7100 yuan! These products wil
Date：12-26 137 Belong to：News Information
Due to frequent recent incidents of commercial ships being attacked in the Red Sea area, several international shipping companies have announced successive suspensions of Red Sea routes. They have subsequently stated that due to rerouting resulting in increased transportation costs, freight rates have been adjusted.
According to a report from CNN on the 22nd, the world's shipping giant, Denmark's Maersk Group, announced that starting from the 21st, it will impose a disruption surcharge on 27 routes, and will introduce an additional surcharge on these routes from next year. For example, on routes from North America to the Middle East, starting from January 1st next year, the transportation cost per 20-foot standard container will increase by $1,000, approximately 7,100 Chinese yuan.
At the same time, French container carrier CMA CGM Group has also started to impose surcharges on 11 routes from the 21st, with transportation costs for a 20-foot container on routes from Northern Europe to Asia increasing by $325, approximately 2,300 Chinese yuan. German shipping company Hapag-Lloyd also announced on the 22nd that it will impose additional charges.
The Suez Canal Authority of Egypt stated on the 21st that as of the 20th of this month, 113 ships have already diverted from the Suez Canal.
Shipping experts estimate that under the current situation, container ships entering Northern Europe will experience delays of up to one and a half weeks, and approximately one week to the East Coast of the United States. Experts indicate that with the continued tension in the Red Sea, more industries' supply chains will be affected.
Chris Rogers, Director of Supply Chain Research at S&P Global Market Intelligence, said, "We believe the automotive industry will be most affected, with approximately 40% of imported cars and about 20% of automotive parts from Asia being transported via this route, resulting in delayed deliveries. European exports of food products to Asia will also be affected, including pork, dairy products, and butter."
However, experts also point out that the global goods transportation network is continuously improving, which helps businesses cope with transportation challenges. Previously reported, some companies have switched to a combination of air and sea transportation to ensure timely and secure delivery of goods.
Chris Rogers, Director of Supply Chain Research at S&P Global Market Intelligence, added, "There are many alternative transportation routes available, besides bypassing Africa, such as air transport and even railway transport like the China-Europe rail."
The ongoing tense situation in the Red Sea has also affected the Greek shipping industry.
The Greek shipping industry is well-developed, with a fleet size ranking among the top in the world. The crisis in the Red Sea route has also had a certain impact on the Greek shipping industry.
George Xyrizakis, Chairman of the Greek Shipping Finance Association, said, "Due to the escalating situation in the Red Sea region, commercial ships including Greek fleets, if they continue to navigate through the Red Sea and Suez Canal routes, will not only see increased costs but also face significant risks."
If commercial ships traveling between Asia and Europe choose to detour around the Cape of Good Hope in South Africa, the journey will be extended by at least 10 days, greatly increasing transportation costs. Some experts believe that the increase in shipping costs will lead to price hikes, which will undoubtedly exacerbate the already high inflation in Europe caused by reasons such as the Russia-Ukraine conflict.
George Xyrizakis, Chairman of the Greek Shipping Finance Association, further commented, "Ultimately, the increased transportation costs will be passed on to consumers. For goods shipped to Europe, we expect price increases of 10% to 20%."
The shipping industry occupies an important position in Greece's economic structure, with its output accounting for about 7% of Greece's GDP. In 2022, the shipping industry brought Greece revenues as high as 21 billion euros. Therefore, the Greek government is highly concerned about the worsening situation in the Red Sea region.
Yang Mingjiao, CCTV Economic Reporter, said, "Representatives from the Greek shipping industry have stated that the escalation of the situation in the Red Sea region has had a negative impact on supply chains in Greece, Europe, and globally. The root cause of the deteriorating security situation in the Red Sea region is the Israeli-Palestinian conflict. Only when this round of conflict ends can the tension in the Red Sea region be eliminated from the source, thereby allowing the shipping industry to return to normal."
Source: CCTV Finance
According to a report from CNN on the 22nd, the world's shipping giant, Denmark's Maersk Group, announced that starting from the 21st, it will impose a disruption surcharge on 27 routes, and will introduce an additional surcharge on these routes from next year. For example, on routes from North America to the Middle East, starting from January 1st next year, the transportation cost per 20-foot standard container will increase by $1,000, approximately 7,100 Chinese yuan.
At the same time, French container carrier CMA CGM Group has also started to impose surcharges on 11 routes from the 21st, with transportation costs for a 20-foot container on routes from Northern Europe to Asia increasing by $325, approximately 2,300 Chinese yuan. German shipping company Hapag-Lloyd also announced on the 22nd that it will impose additional charges.
The Suez Canal Authority of Egypt stated on the 21st that as of the 20th of this month, 113 ships have already diverted from the Suez Canal.
Shipping experts estimate that under the current situation, container ships entering Northern Europe will experience delays of up to one and a half weeks, and approximately one week to the East Coast of the United States. Experts indicate that with the continued tension in the Red Sea, more industries' supply chains will be affected.
Chris Rogers, Director of Supply Chain Research at S&P Global Market Intelligence, said, "We believe the automotive industry will be most affected, with approximately 40% of imported cars and about 20% of automotive parts from Asia being transported via this route, resulting in delayed deliveries. European exports of food products to Asia will also be affected, including pork, dairy products, and butter."
However, experts also point out that the global goods transportation network is continuously improving, which helps businesses cope with transportation challenges. Previously reported, some companies have switched to a combination of air and sea transportation to ensure timely and secure delivery of goods.
Chris Rogers, Director of Supply Chain Research at S&P Global Market Intelligence, added, "There are many alternative transportation routes available, besides bypassing Africa, such as air transport and even railway transport like the China-Europe rail."
The ongoing tense situation in the Red Sea has also affected the Greek shipping industry.
The Greek shipping industry is well-developed, with a fleet size ranking among the top in the world. The crisis in the Red Sea route has also had a certain impact on the Greek shipping industry.
George Xyrizakis, Chairman of the Greek Shipping Finance Association, said, "Due to the escalating situation in the Red Sea region, commercial ships including Greek fleets, if they continue to navigate through the Red Sea and Suez Canal routes, will not only see increased costs but also face significant risks."
If commercial ships traveling between Asia and Europe choose to detour around the Cape of Good Hope in South Africa, the journey will be extended by at least 10 days, greatly increasing transportation costs. Some experts believe that the increase in shipping costs will lead to price hikes, which will undoubtedly exacerbate the already high inflation in Europe caused by reasons such as the Russia-Ukraine conflict.
George Xyrizakis, Chairman of the Greek Shipping Finance Association, further commented, "Ultimately, the increased transportation costs will be passed on to consumers. For goods shipped to Europe, we expect price increases of 10% to 20%."
The shipping industry occupies an important position in Greece's economic structure, with its output accounting for about 7% of Greece's GDP. In 2022, the shipping industry brought Greece revenues as high as 21 billion euros. Therefore, the Greek government is highly concerned about the worsening situation in the Red Sea region.
Yang Mingjiao, CCTV Economic Reporter, said, "Representatives from the Greek shipping industry have stated that the escalation of the situation in the Red Sea region has had a negative impact on supply chains in Greece, Europe, and globally. The root cause of the deteriorating security situation in the Red Sea region is the Israeli-Palestinian conflict. Only when this round of conflict ends can the tension in the Red Sea region be eliminated from the source, thereby allowing the shipping industry to return to normal."
Source: CCTV Finance
