News / Speed up or add ships? Carriers mull Asia-N Europe makeover options

© Tawatchai Prakobkit |

As long as they are able to obtain premium rates, ocean carriers could decide to increase the service speed of their ships on the Asia-North Europe tradelane to mitigate the impact of Suez Canal diversions.

With the Red Sea crisis unlikely to be resolved any time soon, shipping alliance members are busy recalibrating their networks to factor-in the longer transit times of rerouting loop vessels around the Cape of Good Hope.

Moreover, in the process, the lines are consulting with their key ...