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Fighting in the Red Sea is intensifying as more international warships pile on
US, British and French ships have all seen actionwww.telegraph.co.uk
Which port your product will go to? We just had a conversation with a guy in shipping industry. Take it with a grain of salt, he said if you ship cargo from Asia to Europe, and if the port of discharge is in NW Europe then you don't have to worry too much. Theoretically re-route from Suez to Cape of Good Hope will increase the distance of 3500 nautical miles and a transition time increase of 10-14 days. But back in normal days the ship will spend a lot of time waiting to pass Suez, and later spend more time to dock into the port in Greece, Italy before pass through Gibraltar. Now with the ocean carrier re-route, ship will go to NW Europe directly. He said he won't surprise if we later find out it is a saving on transition time.I've got an interest in this, we've got product coming through the Red Sea in Jan and Feb. Hopefully sorted out sooner rather than later.
Looks like some escalation:It will be coming out of Morocco, across the IO and around to Eastern Australia. We're already experiencing a longer shipping duration than if it was coming out of China, and adding the extra time to traverse the Cape will make logistics tighter than ideal at our end.
How might we better maintain Sea Lanes of Communication(SLOCs) in a fracturing of security norms with intermittent, rather than persistent, maritime policing across the region?
It’s designed to challenge participants to consider how to support economic sustainment in the event of dramatically increased costs of maintaining SLOCs in an environment of declining maritime rules-based order.
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