Overcoming Red Sea Crisis: Prime Time Logi Services' Strategic Solutions

Cost Escalations and Delays
The Red Sea serves as a crucial channel connecting Europe and Asia, pivotal for international shipping companies due to its time-saving routes. The Red Sea crisis has now severely disrupted global supply chains, impacting logistics efficiency and causing widespread economic challenges. Previously, voyages from India to Europe took 22-28 days; now, they take 35-38 days, affecting multiple shipping routes and delaying project timelines. Longer transit times have resulted in higher CO2 emissions, driven by extended run times and increased route distances. Changing routes and extended transits have caused consistent delays in vessel arrivals, disrupting industries ranging from textiles to food and chemicals.
Costs have escalated due to factors like increased manpower onboard vessels, higher crude oil prices, and longer routes, impacting profitability. Larger vessels loading more containers exacerbate container shortages when delays occur, affecting exporters' access to containers. Delayed vessel arrivals lead to congestion at ports, causing space shortages and logistical complications for container storage.