THE Red Sea crisis has forced shipping lines to sail around the Cape of Good Hope, increasing sailing distances and de facto increasing transit times as well.
As a result, Sea-Intelligence noted that carriers travelling from the two sub-regions of Asia (North & South East Asia) and to the three sub-regions of Mediterranean (East, West, & Central MED), the average minimum transit time in the three months since the crisis (January-March 2024) increased by 39 per cent.
'Asia-North Europe fared better in that respect, as the increase was lower at 15 per cent. In a nutshell, what this means is that the most competitive transit time increased on average by 39 per cent on Asia-MED and by 15 per cent on Asia-NEUR,' said Alan Murphy, CEO, Sea-Intelligence.
'The four most impacted sub-region pairs connect to East and Central Mediterranean, which makes sense, because those connections had the longest detour. The average minimum transit time increased by 61 per cent-63 per cent to East Mediterranean, and by 39 per cent-40 per cent to Central Mediterranean.'
For North Europe, connections to the Baltics had the smallest impact on transit times from the Red Sea crisis, with the average minimum transit time increasing by 7 per cent-11 per cent.
SeaNews Turkey
As a result, Sea-Intelligence noted that carriers travelling from the two sub-regions of Asia (North & South East Asia) and to the three sub-regions of Mediterranean (East, West, & Central MED), the average minimum transit time in the three months since the crisis (January-March 2024) increased by 39 per cent.
'Asia-North Europe fared better in that respect, as the increase was lower at 15 per cent. In a nutshell, what this means is that the most competitive transit time increased on average by 39 per cent on Asia-MED and by 15 per cent on Asia-NEUR,' said Alan Murphy, CEO, Sea-Intelligence.
'The four most impacted sub-region pairs connect to East and Central Mediterranean, which makes sense, because those connections had the longest detour. The average minimum transit time increased by 61 per cent-63 per cent to East Mediterranean, and by 39 per cent-40 per cent to Central Mediterranean.'
For North Europe, connections to the Baltics had the smallest impact on transit times from the Red Sea crisis, with the average minimum transit time increasing by 7 per cent-11 per cent.
SeaNews Turkey
