The ongoing supply chain crisis persists, exerting a profound impact on global trade as the dynamic situation in the Red Sea unfolds further in the aftermath of recent attacks on container ships by Houthi militants.
On Dec 31st, Maersk announced a 48-hour halt for all transits in the Red Sea region following a missile attack on the Maersk Hangzhou at approximately 1730 GMT on Saturday, located 55 nautical miles southwest of Al Hodeidah, Yemen.
Subsequently, at around 0330 GMT on Sunday, the same vessel faced an assault by Houthi militants utilising four small boats. However, the attackers' attempt to board the ship was thwarted, according to Maersk and CENTCOM's statements.
The Maersk Hangzhou, flying the Singapore flag and capable of carrying 14,000 containers, was en route from Singapore.
Aftermath of the Incident
- Major shipping companies continue opting for the longer and more expensive route around Africa's Cape of Good Hope instead of the Suez Canal.
- Maritime freight rates have surged three to four times within a week. Container shipping costs from China to the U.K. are reportedly more than quadrupled.
- Based on industry reports, the number of containerships rerouting to avoid the Red Sea has doubled from the previous week, reaching nearly 300 ships.
Shipping Companies' Response to the Red Sea Attacks
Following is the response by major shipping companies (updated on Feb 20th).
Red Sea Attack Impact on Container Vessels: List of Affected Vessels
Stay informed with our updated and dynamic spreadsheet, providing real-time insights into impacted ships. We'll consistently provide daily updates to keep the logistics community abreast of container vessels undergoing substantial route alterations in the Red Sea, redirecting towards South Africa.
If you need confirmation about the status of your cargo and the possibility of delays, we encourage you to schedule a consultation with our team of experts.
Follow our Red Sea Crisis Bulletin to get all latest updates.