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The Latest Shipping News on the Escalating Situation In The Red Sea

December 20, 2023 0LogisitcsNewsOcean Cargo

Considering the drone and missile attacks on cargo ships in the Red Sea area Friday 15th December 2023, many shipping lines have chosen to either suspend services, reroute ships around The Cape of Good Hope in South Africa or in some instances ask vessels to pause their journeys and call at safe harbour awaiting the outcome of the escalation.

There are known to have been two attacks on vessels Friday, which included a Hapag Lloyd operated containership being struck by a missile. According to widespread reports, the missile was launched from an occupied area inside of Yemen, but this is yet to be verified.

Members of all three shipping alliances have announced drastic measures to avoid harm to their vessels and crew, including over 100 ships being rerouted which in some cases is adding around 10-12 days to Asia inbound and outbound transit times.   We are receiving every few hours from carriers notices of GRI’s or emergency PSS on freight rates to cover these added costs, and in some cases, liners outlining the laws around force majeure that is in place to cover this type of eventuality.

Atlas Logistics UK Ltd is doing everything we can with our Global partners and carriers to mitigate the impact of this situation outside of our control, for our clients, but please do be aware of the impact of potential delays and costs to your business in the light of the escalation.

If you have any questions or concerns, please reach out to a member of our team who will be able to update on the situation as it develops.