A Number Of Giants Have Announced The Suspension Of Transportation! A Number Of Shipping Companies Decided To Make A Detour! Freight Has Soared.

The three largest shipping companies in Japan. Stop all its ships from traversing the Red Sea

According to the Nippon Keizai Shimbun, as of local time on the 16th, ONE- Japan's three major shipping companies-NIPPON YUSEN KAISHA(NYK), Mitsui O.S.K. Lines(MOL) and Kawasaki Kisen Kaisha("K" LINE) have all decided to stop crossing the Red Sea waters.

Since the outbreak of a new round of Israeli-Palestinian conflict, Houthi forces in Yemen have repeatedly used drones and missiles to attack targets in the Red Sea. This has led a number of international shipping companies to suspend routes to the Red Sea and bypass the southern tip of Africa instead. Meanwhile, Qatar Energy, the world's leading exporter of liquefied natural gas, suspended shipments of liquefied natural gas through the Red Sea on the 15th. Shell's shipments through the Red Sea have also been suspended indefinitely.

Affected by the tension in the Red Sea, as of the 16th, Japan's three major shipping companies have decided to allow ships of all specifications to avoid the Red Sea detour, resulting in an increase of two to three weeks of transportation time than before. Not only is the delayed arrival of goods affecting enterprise production, but the cost of shipping has also soared.

According to a survey by the Japan Trade Promotion Agency, a number of Japanese food distributors in the UK said that sea freight rates have tripled to five times that of the past and are expected to rise further in the future. The Japan Trade Revitalization Agency also said that if the longer transportation cycle lasts for a long time, it will not only lead to a shortage of goods, but may also make containers face a shortage of supply. In order to ensure the containers needed for shipping as soon as possible, the trend of Japanese companies to require distributors to place orders in advance has also increased.

The Red Sea route is blocked. Suzuki Hungarian vehicle factory has been shut down for a week.

The recent tense situation in the Red Sea has had a serious impact on maritime transport. Due to the obstruction of shipping, Suzuki, a major Japanese automaker, said on the 16th that it would suspend work at its factory in Hungary for a week.

Due to the recent frequent attacks on merchant ships in the Red Sea, shipping was blocked. Suzuki told the outside world on the 16th that the company's vehicle factory in Hungary had been suspended for a week from the 15th.

Suzuki's Hungarian factory imports engines and other parts from Japan for production. However, due to the blocking of routes between the Red Sea and the Suez Canal, shipping companies were forced to switch to circuitous transport via the Cape of good Hope at the southern tip of Africa, causing delays in the arrival of spare parts and affecting production. Affected are two SUV models made by Suzuki locally for the European market in Hungary.