News Search
|
All News Topics
>
Employment
;
Press Releases by Industry Channel
>
All Employment Press Releases
Impact of Tensions in the Red Sea is Likely to be Short Term
Container Vessel in the Red Sea
Ongoing hostilities in the Red Sea increase navigational challenges impacting shipping routes and efficiency.
MMBI WORLD is doing everything to make sure the impact on its customers is as marginal as possible, however it is not easy isolating global macro risks that affect everyone”
DUBAI, UNITED ARAB EMIRATES, January 19, 2024 /EINPresswire.com/ -- Impact of Tensions in the Red Sea is likely to be Short Term— Lado Gersamia
Speaking at the Global Maritime Summit, Lado Gersamia of MMBI WORLD shipping stated that “ongoing hostilities in the Red Sea increase navigational challenges, with threats of mines, naval blockades, and potential military engagements, impacting shipping routes and efficiency”.
New rates and surcharges announced by carriers may push near- term Red Sea lane prices past $6,000 per FEU he went on to say.
However, Mr. Gersamia is confident that the impact is larger short term than long term. “MMBI WORLD is doing everything to make sure the impact on its customers is as marginal as possible, however it is not easy isolating global macro risks that affect everyone.”
It should be noted all ocean carriers have decided to divert cargo. Evergreen, HMM, Yang Ming, OOCL and COSCO are still moving cargo through the Suez Canal, but it’s worth noting that fleet from carriers who are diverting represent 62% of global capacity.
Lado Gersamia
MMBI WORLD
+971 50 737 7512
email us here
Visit us on social media:
LinkedIn
Powered by
Distribution channels:
Banking, Finance & Investment Industry, Food & Beverage Industry, Shipping, Storage & Logistics
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
