BULLETINRouteMaritime Desk
Red Sea insurers pull cover for non-allied flags; Cape diversion now default
Additional war-risk premium reaches 1.2% of hull value. Maersk, Hapag extend routing advisories to Q4.
Red SeaEuropeEast Asia
Leading P&I clubs have withdrawn Red Sea cover for vessels without allied-navy protection, effectively cementing the Cape of Good Hope as the default Asia-Europe routing for the remainder of the year. Effective global container capacity is reduced by an estimated 7-9%. Schedule reliability on Asia-North Europe loops is at 38%.