According to Sea-Intelligence, the Red Sea crisis has caused maritime shipping carriers to become exceedingly volatile and prone to rapid change.
According to Sea-Intelligence, the round-of-Africa path will significantly increase transit times for shippers. It will take little more than a week from Asia to North Europe, and up to two weeks to reach the Mediterranean.
Sea-Intelligence noted that the current capacity outlook is filled with ambiguity; nonetheless, the current data indicates that shippers may face a capacity crisis for Asian exports in the next weeks.
READ: Red Sea crisis stifles global shipping
The figure shows the visible impact on Asia-North Europe as a result of a combination of some services being held back in departure from Asia in the short term while awaiting re-routing and some services arriving late into Asia.
As a result, this causes a rapid shortfall in the middle weeks of January, with a steep capacity drop now expected for the week of 22 January.
Alan Murphy, CEO of Sea-Intelligence, said: “The apparent capacity rise in late December/early January is more of an artefact of origin delays and deserves less attention. A similar tendency is observed on both the Asia-Mediterranean and Asia-North America East Coast, although a week sooner.
“That said, the temptation is to call this a disaster, but such language would be inappropriate, when the current crisis is placed in the context of what the supply chains had to endure during the pandemic disruptions.”
This month, the Port of Rotterdam Authority projected that its throughput will be minimally impacted by the Red Sea disruptions.
Additionally, the maritime industry’s top shipping carriers announced their latest route adjustments amid the ongoing Red Sea crisis.
