Bypassing of the Suez Canal by shipping companies
On December 18, 2023, a safety-related avoidance of the Suez Canal – one of the most important maritime routes for sea freight traffic – will be decided. This will result in a detour of thousands of nautical miles for container ships around the southern tip of South Africa.
In view of the latest developments in the security situation, particularly in the Red Sea and the Gulf of Aden, the world’s leading shipping companies have decided to change the route of their sea vessels. As a temporary measure, the route around the Cape of Good Hope will be used. This decision has been taken to ensure the safety of crews and cargo and has been agreed by the major players in the industry, such as Maersk, Hapag-Lloyd and MSC, until further notice.
Impact on ocean freight services
- Longer transit times: Expect a significant increase in transit times. The change in maritime routes affects the entire industry – O.T.S. ASTRACON is working closely with its partners to minimize any negative impact.
- Freight rates: The extended route leads to increased operating and insurance costs, which can impact freight rates.
- Capacity issues: With the longer transit times, there may be capacity constraints in terms of vessel and container availability. We recommend planning bookings in good time to ensure availability!
- Impact on supply chains: A comprehensive impact on global supply chains can be expected – check your logistics strategy and requirements if necessary.
O.T.S. ASTRACON is there for you
We offer our reliable air freight services for your time-critical or high-value shipments. This option offers a fast and safe alternative for your urgent or valuable goods.
Our freight forwarding experts in Bremen, Frankfurt and Ostfildern will be happy to answer any questions you may have about the impact of these industry-wide changes. We are ready to support you in adapting your logistics strategies and strive to keep cost increases as low as possible.