IN the aftermath of the conflict in Gaza, Houthi military actions have effectively disrupted trade routes extending to the Mediterranean, Northern Europe, and segments of the Middle East and India, reports UK's Seatrade Maritime News.
This disruption has prompted many vessel owners to redirect their tonnage away from the Red Sea/Suez Canal route.
Half of the vessels are now opting for diversion, with liner carriers taking proactive measures to mitigate the medium-term disruptions.
They are chartering additional vessels to address the heightened demand in the Mediterranean region.
'The current short-term charters concluded recently by Hapag-Lloyd are being fixed due to the current Red Sea situation and the rerouting of vessels via the Cape of Good Hope and/ or replacements for ships in dry dock,' said Hapag-Lloyd.
SeaNews Turkey
This disruption has prompted many vessel owners to redirect their tonnage away from the Red Sea/Suez Canal route.
Half of the vessels are now opting for diversion, with liner carriers taking proactive measures to mitigate the medium-term disruptions.
They are chartering additional vessels to address the heightened demand in the Mediterranean region.
'The current short-term charters concluded recently by Hapag-Lloyd are being fixed due to the current Red Sea situation and the rerouting of vessels via the Cape of Good Hope and/ or replacements for ships in dry dock,' said Hapag-Lloyd.
SeaNews Turkey