Shipping costs rise by nearly 50% in a week and could go up further amid Red Sea attacks

Shipping firms impose extra fees as Red Sea attacks hit global trade

Cancellations and rate increases are expected to continue into the first quarter, recommends customers book 4-6 weeks in advance to ensure space on vessels.

Shipping costs rise by nearly 50% in a week and could go up further amid Red Sea attacks

The cost of shipping goods has increased by 45% in the past week as major companies paused activity in the Red Sea global supply artery and chose diversions that can add an extra two weeks to journey times.

Shipping costs are rising after Red Sea attacks force vessels to take longer routes

Maersk and CMA CGN have introduced new charges to transport goods along many of the world’s busiest shipping routes after re-directing their vessels away from the Red Sea because of attacks.

Red Sea attacks threaten to cut global shipping capacity 20%

NEW YORK -- The series of ship attacks by Iran-backed Houthi rebels in the Red Sea could curtail global shipping capacity by 20%, according to experts

Maersk and CMA CGM impose surcharges to cover costs of Red Sea diversions

Shipping costs have risen as the threat of Houthi attacks forces companies to send their vessels on longer routes around Africa

Shipping firms impose extra fees as Red Sea attacks hit global trade

Chinese automaker Geely says a delivery delay to Europe will likely hurt its electric vehicle sales, the latest company to warn of disruption A multinational force is being formed to patrol the Red Sea, but details have yet to emerge and shipping companies continue to avoid the area OSLO/PARIS, Dec 22 : Some of the world’s largest shipping firms, including Maersk and CMA CGM,