Red Sea Disruption Update: 12th January 2024

January 12, 2024

AGI News

Sea Freight

Please be advised that the ongoing Red Sea disruption continues to cause delays to sea freight shipments.

Some container carriers are using the Red Sea, but the vast majority are still re-routing their vessels via the Cape of Good Hope. The situation is developing all the time, but at present this diversion will lead to delays of up to 15 days, and as a result, the cost of a sea freight shipment is forecast to increase.

The additional distance being travelled, and the associated delays, will also mean many ships and containers will likely be in the wrong location, and with Chinese New Year starting on 10th February, supply chains could be impacted for several weeks to come.

If you have any questions about how your shipments have been impacted by the Red Sea disruption, please contact your local office, and the team will be on hand to assist with any queries you may have. And for all of the latest AGI news, don’t forget to follow us on LinkedIn and Facebook!