Shipping Challenges in the Red Sea

In the wake of Houthi rebel attacks in the Red Sea, the global shipping industry is facing unprecedented challenges, including a surge in transit times that have nearly doubled in some instances. Additionally, according to a recent article in the Wall Street Journal, average shipping costs have doubled since late November.

By the Numbers

• Shipping containers have seen a 115% cost increase.
• Vessels being diverted add approximately 14 days in transit, plus fuel and insurance costs.
• Currently, one-third of commercial ships are seeking alternative routes.

Let Halsted be Your Guiding Partner

Why worry when you can plan ahead with Halsted?

In times of uncertainty, partnering with Halsted ensures a stable supply chain for your customers. We maintain an extensive stock inventory on both coasts, addressing delayed imports and providing distributors with gap-fill solutions.

Our commitment is to help you navigate these challenges through tailored solutions. In the face of geopolitical disruptions, choose Halsted to ensure a reliable and proactive supply chain.

Contact us today.