Mourad Erraguragui, vice-president of the Moroccan Association of Intercontinental Road Transport and branch director of a multinational freight company operating in Morocco, explains the effects of the Red Sea crisis on Moroccan exporters. Shipping companies consider the risk too great, and most of them have decided to make the detour around the Cape of Good Hope. This situation is unbearable, as it represents 15% of the world's shipping flows. Most of the shipping companies have deserted the Red Sea, which has an impact on all exports, but also on imports from and to Asia, including in the agricultural sector." Erraguragui adds: "The Red Sea crisis has exacerbated the impact on the Moroccan agricultural sector, as transport costs to Asia have now doubled, and delivery times have risen by 10-15 days.
Source: The North Africa Journal January 20, 2024 00:23 UTC