5 Myths About Red Sea Shipping
Posted: Tue Feb 11, 2025 9:45 am
Here’s what people think about the problems surrounding Red Sea shipping and what they actually are:
These disruptions will change global shipping routes forever (Myth)
What’s the truth behind this myth about Red Sea shipping? Although the current Red Sea disruptions may pressure and prompt companies to find alternative routes, they are unlikely to alter these global shipping routes permanently.
The Suez Canal is too important a route in global maritime trade to be compromised or eliminated. It’s the shortest link between Europe and Asia, which reduces much of the travel time and costs as compared to other paths, like moving around the Cape of Good Hope at Africa’s southern tip.
Plus, the Suez Canal facilitates the passage of nearly 12% of global trade. So, diverting austria phone number list for a long period from this route would have many economic implications. Companies would prefer this sea route once the security threats are reduced due to its efficiency in terms of time taken, distance, and fuel consumption.
There’s no shipping taking place due to current security threats on the Red Sea region (Myth)
The actual truth behind this myth about Red Sea shipping:
Despite historical and recent piracy, specifically along the Red Sea and Horn of Africa, there had been incredible improvements in maritime security before the recent escalations.
These advancements stem from the A-grade security measures taken, comprising international naval patrols and shipping firms employing the most effective management practices. The developments had significantly brought down piracy risks, making the Red Sea a secure route for carrying out global trade.
Shipping carriers are still sailing through the waters of the Red Sea. Although nearly 50% of common carrier vessels (approximately 25% of global capacity) are currently diverting, they will perhaps divert or have already moved away from the Suez Canal route.
These disruptions will change global shipping routes forever (Myth)
What’s the truth behind this myth about Red Sea shipping? Although the current Red Sea disruptions may pressure and prompt companies to find alternative routes, they are unlikely to alter these global shipping routes permanently.
The Suez Canal is too important a route in global maritime trade to be compromised or eliminated. It’s the shortest link between Europe and Asia, which reduces much of the travel time and costs as compared to other paths, like moving around the Cape of Good Hope at Africa’s southern tip.
Plus, the Suez Canal facilitates the passage of nearly 12% of global trade. So, diverting austria phone number list for a long period from this route would have many economic implications. Companies would prefer this sea route once the security threats are reduced due to its efficiency in terms of time taken, distance, and fuel consumption.
There’s no shipping taking place due to current security threats on the Red Sea region (Myth)
The actual truth behind this myth about Red Sea shipping:
Despite historical and recent piracy, specifically along the Red Sea and Horn of Africa, there had been incredible improvements in maritime security before the recent escalations.
These advancements stem from the A-grade security measures taken, comprising international naval patrols and shipping firms employing the most effective management practices. The developments had significantly brought down piracy risks, making the Red Sea a secure route for carrying out global trade.
Shipping carriers are still sailing through the waters of the Red Sea. Although nearly 50% of common carrier vessels (approximately 25% of global capacity) are currently diverting, they will perhaps divert or have already moved away from the Suez Canal route.