Russian fish exporters experienced an increase in freight costs due to the situation in the Red Sea

Published 2024년 1월 19일

Tridge summary

Houthi attacks on ships in the Red Sea have not yet affected the export of Russian grain in bulk shipments, but negativity is visible in container shipments of leguminous crops. Fish exporters are complaining about a sharp increase in freight rates for container services and are expecting a decrease in profitability due to increased logistics costs. The situation in the Red Sea, worsened by the Palestinian-Israeli conflict in the Gaza Strip, has led to an increase in logistics costs that could impact the cost and profitability of Russian and Asian fish products for European consumers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. January 19. INTERFAX.RU - Houthi attacks on ships in the Red Sea have not yet affected the export of Russian grain in bulk shipments. Negativity is already visible in container shipments of leguminous crops. Fish exporters complain about the sharp increase in freight rates for container services and expect a decrease in profitability due to increased logistics costs. “Grain exporters have not yet encountered problems with the delivery of bulk grain shipments, although the situation could unfold at any time if the confrontation escalates. We hope that all parties to the conflict understand the importance of grain supplies to countries in need,” the chairman of the board told Interfax Union of Grain Exporters Eduard Zernin. According to him, the situation with container shipments of niche crops and legumes is worse. “They often go through multimodal channels, mixing with other cargo,” he explained. “Large multimodal operators were the first to announce the transition to ...
Source: Interfax

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