13.9 C
Hamburg
Tuesday, June 18, 2024
Home News Sea-Intelligence reports average minimum transit time up 39% on Asia-Med routes

Sea-Intelligence reports average minimum transit time up 39% on Asia-Med routes

The Red Sea crisis has compelled shipping lines to reroute around the Cape of Good Hope, significantly extending sailing distances and consequently increasing transit times.

According to Sea-Intelligence, it is important to be cautious when assessing transit times, as impressive figures may be technically possible but often come with a caveat; they pertain to non-competitive port pairs that carriers do not typically market as such.

"For an apples-to-apples comparison, we need to look at the shortest actual transit times for a port-pair i.e., the minimum transit time," pointed out Alan Murphy, CEO of Sea-Intelligence.

Since the crisis began (January-March 2024), the average minimum transit time from the two sub-regions of Asia (North & South East Asia) to the three sub-regions of the Mediterranean (East, West, & Central MED) has increased by 39%.

This comparison is based on a six-month baseline period (July-December 2023) and considers the four most connected port pairs in each region pair. In contrast, the Asia-North Europe routes experienced a lower increase in transit time, averaging 15%.

In summary, the most competitive transit times have risen by an average of 39% for Asia-MED routes and 15% for Asia-North Europe routes since the crisis began.

"Source: Sea-Intelligence.com, Sunday Spotlight, issue 665"

"Figure 1 shows this broken down into the sub-region combinations," said Murphy.

He went on to explain, "The four most impacted subregion-pairs connect to East and Central Mediterranean, which makes sense because those connections had the longest detour. The average minimum transit time increased by 61%-63% to the East Mediterranean and by 39%-40% to the Central Mediterranean. For North Europe, connections to the Baltics had the smallest impact on transit times from the Red Sea crisis, with the average minimum transit time increasing by 7%-11%."





Latest Posts

OrbitMI guides navigation through complex digital landscape for sound tech adoption

The maritime software market is teeming with numerous vendors offering a wide array of technologies aimed at achieving data-driven operational efficiencies. These efficiencies are crucial...

Navigating the Changing Tides of the Container Shipping Industry in East Asia

As East Asia's container shipping industry sails into uncharted waters, it faces a shifting tide of customer demand reshaping the very foundations of maritime...

Spot rate growth slows but ocean container shipping market will remain extremely challenging

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data...

Sweden-Belgium Green Shipping Corridor project enhanced with new partner

Port of Gothenburg, North Sea Port, and the Danish international shipping and logistics company DFDS have welcomed the Port of Antwerp-Bruges to the Green...

Containers lost at sea at record low levels

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing a significant decrease to 221 boxes lost in...