Over 200,000 Containers Bound for Piraeus Port Delayed Due to Red Sea Crisis

Piraeus Port

Chatzitheodosiou told Greece's Naftemporiki TV channel, "As long as this crisis lasts, ships cannot pass through the Red Sea. This means a delay of 10 to 20 days in order for products to arrive at the port of Piraeus."

He further stated that the transportation cost per container, usually at 1,800 EUR, has risen to 6,500 EUR due to the longer route through alternative channels.

The rerouting from Asia via the Cape of Good Hope has particularly impacted ports in the Mediterranean, adding approximately two weeks to the journey.

However, there are other factors that could significantly affect shipping conditions, such as "lack of rain in the Gulf of Panama, where 42 ships should pass a day, while fewer than 24 are doing so now. Many have left and gone to the US", explained the Chamber President.

He cautioned, "As long as the war continues and ships have gone to aid trade there will be a shortage in addition to the inconvenience and increased cost as there will be a great demand for ships and less supply."

"We import mainly electrical goods, mobile phones and clothes from the Far East. We have stock for a period of 15-20 days but if these conditions last for more than a month then there will be shortages and any products that come will be much more expensive."

"Fuel also arrives in Greece in this same way. So we also expect an increase here which can affect all sectors and inflation," Chatzitheodosiou concluded.

Read more:

• Red Sea Crisis: Second Largest Capacity Drop Since the Ever Given Grounding
• THE Alliance suspends AR1 service due to crisis in the Red Sea
• Red Sea-Suez Crisis: Shipping Rates from Asia to Northern Europe and Mediterranean Quadruple

Source: Phaata.com (According to Seatrade-Maritimes) 

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