Tuesday, December 19th 2023
Red Sea Attacks to Affect PC Part Shipments to Europe
The recent attacks on cargo ships in the Red Sea are affecting not only oil shipments, but also cargo ships from Asia to Europe. All major carriers such as CMA CGM, Cosco, Evergreen, Hapag-Lloyd, Maersk, MSC and so forth are affected and all have delayed their shipments through the area. A coordinated security action called Operations Prosperity Guardian which includes over half a dozen nations so far, is getting ready to guide shipments through the affected area by Yemen, but it'll lead to slower shipments through the area.
TechPowerUp has already received reports from sources in Taiwan that their products are on some of these ships that are now stuck waiting for naval escorts through the area. However, it appears that there might be shortages of some computer components for the foreseeable future, alongside many other products that are being shipped this route and onwards via the Suez Canal. According to the BBC, it takes 25.5 days on average to ship goods from Taiwan to the Netherlands via the Red Sea and Suez Canal whereas the only alternative route via the Cape of Good Hope takes 34 days and adds extra fuel costs. Regardless of the extra shipping times and costs, it appears some shipping companies are willing to take the longer route to avoid being attacked. This is likely to have a knock on effect on prices for a lot of consumer goods in Europe, so if you haven't bought that hardware you've been holding off getting, now might be as good a time as any.
Sources:
BBC, Reuters
TechPowerUp has already received reports from sources in Taiwan that their products are on some of these ships that are now stuck waiting for naval escorts through the area. However, it appears that there might be shortages of some computer components for the foreseeable future, alongside many other products that are being shipped this route and onwards via the Suez Canal. According to the BBC, it takes 25.5 days on average to ship goods from Taiwan to the Netherlands via the Red Sea and Suez Canal whereas the only alternative route via the Cape of Good Hope takes 34 days and adds extra fuel costs. Regardless of the extra shipping times and costs, it appears some shipping companies are willing to take the longer route to avoid being attacked. This is likely to have a knock on effect on prices for a lot of consumer goods in Europe, so if you haven't bought that hardware you've been holding off getting, now might be as good a time as any.
35 Comments on Red Sea Attacks to Affect PC Part Shipments to Europe
Why is this funny? ?
I am quite surprised no country has yet ended the terrorist tourism on that hijacked vessel already in pirated custody.
More needs to be done or more Will be pirated.
And wow this I think is very un worthy of a tech forum, how the heck can this Not go politically, I took time and effort to sanitise and neutralise this post, too edgy.
While watching news yesterday, additional time quoted for trip across Cape of Good Hope is 2 weeks compared to Suez Canal route(and that seem to be for England as its BP sources quoted by them).
Not like I can do anything to influence it... -.-
I guess at least 3 months, if not more.
Would a distribustion center in Greece or italy not make more sense - surely train by land is faster than shipping?
But that's inconsequential here, the delay would be the same if you offloaded in Greece.
Rotterdam is one the largest port in Europe, followed by Andwerp Zeebrugge in Belgium, Hamburg in Germany and Amsterdam.
Italy is on 8th place and Greece on 14th.
en.wikipedia.org/wiki/List_of_busiest_ports_in_Europe
Most of it actually has to do with taxes and free economic zones, which not all countries have at their major ports.
The Netherlands have been the leading port nation in Europe for a very long time and many companies have local offices established here as well, since this is where their goods arrive and is then shipped onwards in Europe.
Using your kind of logic, why are Asian manufacturers shipping to New York, when they can ship to Los Angeles?
I'm sure you could do it with a bunch of cargo transfers but it gets messy fast. Plus as said, there are tax reasons its done the way it is.
Yep the US gets very little credit for protecting our routes.
No upgrades required, Piracy good. :rolleyes:You cannot create long term security without it either. Also, define long term. 10 years? 20? 100?
Good luck on that little dilemma. Human history is one long string of conflicts over power and influence over the other. We ended up where we are now through a history of redrawn borders, warfare, ever since tribal society. At some point we figured out that security means deterrence. And the realization that this is the highest achievable thing and closest to peace. We then moved to fighting each other in proxy wars and trade conflicts not on our own soil, but in places that lack said deterrence.
And we're now regressing back to war. If it isn't the US keeping 'the balance' with a strong arm, its the Russian, or the Iranian, or the Chinese. Pick your poison. You're on a side, whether you like it or not, as a European I'll say every day I prefer the 'corrupt' US keeping that balance over any other alternative, yes even Europe isn't fit for that task just yet.
Just because we're drowning ourselves in escapism doesn't mean things don't exist.
Consider the fact that whole generations now, have not seen or known domestic war. Similarly, those generations don't know how this did work in an age without internet.