Here is Dingzhou Shengli Wire mesh Co.,Ltd.
Despite the Operational Prosperity Guardian naval task force, Houthi attacks persist. Recent escalations involve an attack on a Maersk vessel, triggering heightened US response and UK considerations of targeting Houthi positions in Yemen. Iranian warship entry into the Red Sea and ongoing Houthi missile attacks further escalate regional tensions.

Global freight encounters disruptions as container carriers reroute away from the Suez Canal, resulting in extended lead times and potential port congestion. Freight rates surge, with Asia-N. Europe rates are up 173%, Asia-Mediterranean prices doubling, and carriers implementing surcharges ranging from $500 to $2,700 per container.

We are suffering from soaring freight rates and a shortage of space.As a result, the inventory (galvanized wire in our warehouse was piled up and the loss was huge.

Operational challenges include adjusting schedules, adding vessels, and addressing potential congestion and shortages. Carriers, better equipped than during the pandemic, strive to manage diversions and maintain container traffic flow. Despite these challenges, air cargo currently shows no significant impact from ocean freight delays.

In air cargo, some analysts are expecting the delays in ocean freight to lead to some shift of more urgent volumes to sea-air services or air cargo alternatives. So far there have not been reports of any significant air cargo bump, though. Freightos Air Index rates for Asia – N. America were level last week, while Asia – N. Europe prices decreased.

In the current situation, many importers and exporters are wondering when they can expect freight rates and shipping prices to level off. The answer? Not yet.