Insurance Claims on the Rise with Box Ships Forced to Brave Cape Weather
There has been a prolific rise in weather-related cargo loss and insurance claims since carriers have been forced to brave the extreme conditions round the Cape of Good Hope to escape Houthi attacks in the Red Sea.
Shippers Face ‘Eye-Watering’ Rates and Rollovers as Carriers ‘Cherry-Pick’ Cargo
Shippers are scrambling to bring forward orders in a bid to mitigate the impact of the longer transit times from Asia to Europe as vessels are re-routed around the Cape of Good Hope.
More Liner Services Avoiding Canals to Head for the Cape
Confidence in the Panama Canal to process container vessel transits appears to have completely bombed over the past week.
