project44-maersk

Far East transits increase by up to 20 days as carriers reroute

A total of 299 vessels - 18% of global shipping capacity - have rerouted from the Red Sea and Suez Canal to the longer route via the Cape of Good Hope in Africa, following the intensification of attacks on shipping by Houthi rebels in Yemen, reports project44. The visibility specialist said that its AI-powered data indicated that the majority of rerouted vessels are experiencing a 7-20 day increase in transit time. ... [+]