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Despite the recently formed multi-national coalition to increase security in the Red Sea, drone and missile attacks targeting commercial shipping continue to interrupt vessel movements on this busy route.
As a result, carriers are increasing the number of vessel diversions, rerouting mainly around Africa at this time.
The effect on global ocean freight management has been significant, with space becoming increasingly tight and rates increasing daily as we head into January.
We await further guidance from officials and carriers, and in the meantime, will continue to work with our clients on finding the best solution to their supply chain challenges.
If you have any concerns or questions, please contact us here.
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