Red Sea crisis affecting Canadian shippers

Chamber of Shipping > Blog > News > Local > Red Sea crisis affecting Canadian shippers

Canadian shippers are experiencing increased container rates and delays due to attacks on vessels in the Red Sea, causing major carriers to reroute around Africa’s Cape of Good Hope. This change has extended transit times and raised costs. The Port of Halifax reports significant delays, impacting a range of imports. The situation is exacerbated by a drought in Central America, affecting the Panama Canal’s capacity and further complicating global shipping routes. While the impact on other Canadian ports remains minimal, the overall scenario is contributing to a rise in shipping costs and operational complexities.

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