The situation in the Red Sea will cause a surge in shipping costs, and cross-border sellers are panicking

A speck of dust from the times becomes a mountain when it falls on a person's head.

Since the outbreak of the Palestinian-Israeli conflict, the two sides are still in a state of tension, and its spillover risk - the Red Sea crisis has intensified. While affecting international shipping, it has also brought chain shocks to the cross-border circle.

It is learned that the Suez Canal-Red Sea route is the throat of Asia to the Mediterranean and Europe, and it is also the main channel for maritime trade between Asia and Europe. However, as the Palestinian-Israeli conflict has not subsided, ships passing through the Red Sea, the Bab el-Mandeb Strait and nearby waters have been frequently attacked by Houthi armed forces . Since mid-to-late December, many global shipping giants have successively pressed the "pause button" on the Red Sea route.

From December 15 to 16, the four major shipping giants - Switzerland's MSC, Denmark's Maersk, France's CMA CGM and Germany's Hapag-Lloyd announced separately that they would suspend all container ship transportation through the Red Sea route.

Starting from December 19, shipping companies such as COSCO, Evergreen, ONE and OOCL have also announced the suspension of bookings on the Red Sea route:

• Evergreen: All booking operations of Red Sea have been suspended. No bookings will be changed or exchanged. No new bookings will be accepted for the time being.
• OOCL: Immediately stop accepting shipments to and from Israel.
• ONE: All AR1/MD1/MD3 routes have been suspended, and the container management has stopped releasing containers that have been booked but not picked up.