Based the latest PR received from the American Company “Sun Chemical” has decided to implement freight surcharges for its dispatched goods due to the Red Sea crisis. The following text is edited using the exact announcement of the so called company.
SOUTH NORMANTON, UK – February 2, 2024 – Sun Chemical will implement selected freight surcharges impacted by the Red Sea crisis globally.
Since Nov. 2023 the situation in the Red-Sea which is the main transportation rout for hundreds of trade shipping goods and international trade, turned to be very critical. This made this marines transportation route very instable and so the international famous companies like Maersk international carrier to decide to divert from entering to the Red Sea via Suez Canal. Such diversion increases about 15000 miles (more than 23.000 Km.) to the shorter rout of Red Sea that will affect schedules, fuel consumption, payments to the sailors and so on. But is much more better than being fired by Houthis of Yemen.
With around 30 percent of the world’s container trade shipped via this route, many shipments are facing delays and some are being rerouted via the Cape of Good Hope, significantly increasing the distance travelled and adding further costs and time. Cargo air freight is also seeing a spike in demand to avoid such longer diversions.
Vessels departing from China, India, and the rest of the Far East are being affected by safety measures, shipments delays, rotation of containers, as well as ports’ congestion, causing journey extensions of at least 20 days on the outward and 20 days on their return. Several forces majeures have been invoked already, while the situation is also causing significant cost increases and could soon start to impact the availability of raw materials.
As a proactive response to these challenges, Sun Chemical is actively monitoring the evolving situation through its extensive global network of partners. The primary objective remains ensuring the continued supply of high-quality products and services to customers. In light of the dynamic nature of the crisis, Sun Chemical is taking necessary steps to secure raw materials and minimize transportation delays.
Sun Chemical is committed to mitigating rising costs whenever possible, however, the rapid escalation in freight cost pressures has made the introduction of some freight surcharges unavoidable. Sun Chemical will communicate specific adjustments directly with its customers, underscoring its dedication to transparency and collaboration in navigating the challenges posed by the Red Sea crisis. This strategic approach ensures that Sun Chemical continues to provide reliable and innovative solutions to its valued customers in the face of unprecedented global disruptions.