Rerouting of Vessels Amidst Suez Canal Tensions Causes Delays in Brazilian Imports

The rerouting of vessels prompted by Houthi attacks near the Suez Canal is impacting imports to Brazil, with many vessels adjusting their Estimated Time of Arrival (ETAs) for the upcoming weeks. Delays ranging from 7-10 days from the original schedule are expected due to the crisis in the Suez Canal. The market is closely monitoring these developments, creating apprehension about potential disruptions in trade routes.