Force majeure and route changes escalate freight costs

Hapag Lloyd Afif, with its capacity of 15,000 TEU, enters the Port of Hamburg.

The majority of shipping lines are now rerouting ships via the Cape of Good Hope due to the deteriorating security situation in the Red Sea, while several declared force majeure temporarily relieving them of their normal contractual obligations. Transit times will certainly be delayed and freight costs are expected to rise significantly.

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