The ongoing conflict in the Middle East continues to send shockwaves through ocean supply chains.
Latest Xeneta ocean container shipping data highlights are provided below quotes from Xeneta Chief Analyst Peter Sand.
Xeneta has also published a live map detailing congestion across ports directly impacted by the Middle East conflict. The map, pictured below, is found using this link and can be used to support editorial with credit to Xeneta as the source.
Peter Sand, Xeneta Chief Analyst
• “The ongoing conflict in the Middle East continues to send shockwaves through ocean supply chains.
• “Carriers have cancelled services into the Arabian Gulf, but supply chains do not stop. Some shippers simply cannot pull the plug – they need their cargo to keep moving. Alternative ports like Nhava Sheva in India are being used as temporary storage and transshipment points, bringing cargo closer to the Gulf.
• “Congestion is building and is toxic for supply chains as carriers and shippers try to identify the least worst option for their cargo.
• “Port congestion at Nhava Sheva has risen sharply from 15% pre-Middle East crisis to 55% and climbing. We are also now seeing rising congestion at major Southeast Asian hubs such as Port Klang and Tanjung Pelepas in Malaysia, exactly as Xeneta forecasted when this conflict escalated. (....)