Major Shipping Disruptions: Secure Space Now
There are events unfolding which have major implications on container shipping worldwide:
All carriers have paused cargo shipping through the Suez Canal
Severe drought in Panama Canal causing 33% reduction in capacity
During the next few months, we expect that transit times will increase from and to the Ports of Miami and Port Everglades, sailings will be delayed and vessels congested. To ensure that carriers have the space for your cargo, we strongly suggest your pre-book your shipments.
Share your upcoming container import and export projects for the Ports of Miami and Port Everglades, and I will advise on rates and secure capacity for you: +1-305-985-6085 | Sales@MiamiDrayage.com
Suez Canal Suspended Voyages
On Saturday, December 15th, the container ship MSC PALATIUM III was attacked with a missile while transiting the Red Sea. All crew are safe with no reported injuries, meanwhile the vessel suffered limited fire damage and has been taken out of service. This is the first incident where a container ship was hit.
Carriers including CMA CGM, Evergreen, Hapag-Lloyd, MSC, OOCL, Maersk and Yang Ming Line have paused shipping through Suez Canal and are rerouting vessels around Cape of Good Hope in South Africa, which increases the transit time by 20%. Suez Canal is the passage for over 30% of world container traffic so this reroute is going to cause major damage to logistics chains worldwide.
Panama Canal Bottleneck
The Panama Canal has faced a severe drought this year, which has caused congestion and significant delays for cargo sailing from the Pacific to the Atlantic Ocean. Capacity is still 30-40% lower than the previous year due to the drought.
Share your upcoming container import and export projects for the Ports of Miami and Port Everglades, and I will advise on rates and secure the drayage capacity for you.
Thank you.