Good Afternoon all Inter-Sped Clients & Partners.
The outlook for Sea Freight is looking increasing challenging – please find below summary:
Key Challenges:
- South Africa: Increased berthing delays are being experienced at all South Africa’s major ports – With Durban seeing some vessels wait at anchor for upto 2 weeks before securing a berthing.
These delays will disrupt sailing schedules on both the inbound and outbound services and lead to increased blank sailings, port omissions and last last minute changes to sailing schedules.
- European ports: Vessel schedule delays continue to impact the region – this in large part due to:
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- Weather related disruptions in Northern Europe.
- The diversion of vessels away from the Red Sea following attacks by Houthi rebels in Yemen – Resulting in significant increase in volumes at Europe’s major Transhipment ports.
- Container ports around the western Mediterranean are nearing full capacity.
- Far East: Capacity constraints, erratic schedules, rollovers, and delays persist in many Asian ports due to:
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- China’s recent Labor Day (May 1st-5th, 2024).
- Limited availability of container ships and equipment as more vessels take the longer route around Africa.
- Increased demand on Asia-Europe trade lanes.
- Indian Sub-Continent & Middle East: Schedule disruptions and capacity limitations are impacting this region due to:
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- Unforeseen demand surges.
- Extended journey times on the India-Europe route due to the Suez Canal closure which ties up vessels and equipment for longer.
- Congestion at key transhipment ports that service the Indian Sub-hub-continent such as Jebel Ali.
Expected Impact:
We anticipate increasing challenges in sea freight over the coming weeks & months. This may lead to a rise in sea-to-air conversions as importers and exporters seek alternatives for delayed shipments.
Our Commitment:
As always, the Inter-Sped Team will do their absolute best to ensure the best outcomes Possible.
Best Regards
JJ & The Inter-Sped Team
