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Ongoing Space Issues For Shipment Ex India Market
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BOC would like to share an important update on the current shipping situation from India. Over the past few weeks, we have witnessed significant capacity tightening, and we believe it is essential to keep you fully informed.
The Root Cause: Geopolitical Disruption, Not Just Demand Shifts
The ongoing geopolitical conflicts (particularly the Red Sea crisis and related route diversions) have become the major trigger, creating a ripple effect across global shipping networks. Here’s how it’s impacting India-export cargo:
- Vessel rerouting and extended voyage times – Due to security risks in the Red Sea / Gulf of Aden region, a large number of vessels are being forced to take the longer route around the Cape of Good Hope. This has significantly increased round-trip voyage durations, effectively absorbing a substantial portion of global fleet capacity, and thrown scheduling into disarray.
- Service cancellations and blank sailings – To manage this disruption, carriers have been forced to suspend or adjust long-established India-US services (e.g., the 12-year-old Indus Express), and multiple blank sailings are already scheduled through mid-July.
- Resulting impact on rates and space – The combined effect of reduced effective capacity and higher operational costs has pushed spot rates dramatically higher, with further GRI and PSS announcements already confirmed for early July.
Our action plan to secure your shipments:
- Extended booking forecast – We strongly recommend sharing shipping forecast for the next 6–8 weeks, so we can pre-block vessel space with carriers as early as possible.
- Authorization to confirm bookings – Given that available space is now often gone within hours of release, we kindly request your authorization to go ahead and confirm bookings whenever we find available space, without seeking separate prior approval for each shipment. This will save critical turnaround time and ensure you aren’t left without a vessel when your cargo is ready. Please let us know if we have your green light to proceed this way – or if you prefer us to seek case-by-case confirmation (with the understanding that we may lose some space during the back-and-forth).
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