• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 7, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Importers face delays, higher costs on Red Sea woes

Importers

The Matters Press by The Matters Press
January 9, 2024
Reading Time: 1 min read
0
Importers face delays, higher costs on Red Sea woes

Kenyan logistics and shipping companies are facing up to double freight costs, higher premiums and delays following the attacks at the Red Sea channel.

RELATED POSTS

Military gets pay rise

Nigeria marches toward state police

Nigeria today, terse position

Shippers and importers say the disruptions have resulted in expensive changes to them and clients.

Freight charges have gone up by between 70 percent to 100 percent depending on the company.

Transit time has also stretched from around 14 days to 48 days.

“The Red Sea attacks have greatly affected the shipping routes since shipping lines are now using a longer route to get goods into the country,” said Superb Cargo Shipping Agency Limited.

“Usual transit time if direct can be anything between 10 to 14 days. Now it’s close to 48 days and change [freight costs] percentage wise usually depends on the shipping line, some by 100 percent others by 70 per cent.”

Shipping companies have been forced to reroute their containers following the recent attacks at the Red Sea by Houthi, Yemen-based militants.

Maersk, a Danish shipping giant announced on Tuesday that following an attack on its vessel on December 30, the company has paused all transits through the Red Sea or the Gulf of Aden until further notice.

The global logistics firms operating in Kenya and East Africa said vessels will be rerouted and continue their journey Read more on theeastafrican

Tags: Importers
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

Military gets pay rise

August 5, 2026
Police nab 233 officers for graft
News

Nigeria marches toward state police

August 4, 2026
Tinubu’s economic reforms encourage investment – UK
Energy

Nigeria today, terse position

August 2, 2026
Tinubu tells the world: Africa Does Not Wish to Replace Old Shackles With New Ones
Economy/Technology

Resilience, patriotic endurance of Nigerians keep Tinubu’s historic economic reforms alive

July 30, 2026
FG achieves economic growth in spite of global shocks – Minister
Economy/Technology

IMPI acknowledges Nigerians as ultimate hero of reforms as economy turns around

July 30, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

NIGERIANS AS ACTUAL EXECUTORS OF TINUBU’S REFORMS AS ECONOMY TRANSITS FROM CONSUMPTION TO PRODUCTIVITY

July 30, 2026
Next Post
Maritime sector critical to economic growth — Shippers

Union shelves planned strike over as IOCs meet deadline reached

IMF approves disbursement of $60.7m to Mozambique

Recommended Stories

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Nigeria disburses N900m for World Bank funded NG-CARES

May 5, 2023
NSIA, Agency in deal on solar power

ADB, SAEL Industries sign up $147M loan for solar power plant

January 25, 2024
UNGA: Buhari addresses the World

Diversification, digital economy successful – Buhari

February 3, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Military gets pay rise
  • Nigeria marches toward state police
  • Nigeria today, terse position

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us