The global shipping industry is currently facing significant challenges due to the ongoing Israeli-Palestinian conflict. This situation has led to increased risks, including piracy along major shipping routes like the Red Sea.
As a result, shipping companies have introduced 'war surcharges', which have caused a sharp increase in transportation costs. At Mr Teak, our teak wood is SLVK certified and manufactured from our own factory in Indonesia, meaning we are closely monitoring these developments.
The Rise of Piracy and Its Effects on Shipping Costs
With the ongoing conflict, there has been a noticeable increase in piracy in the Red Sea region. This surge in piracy adds another layer of risk to shipping, prompting shipping companies to purchase additional insurance to cover themselves in the event of cargo claims, damage or loss due to the situation of the war.
This added insurance is known as 'war surcharges', and they lead to increased shipping costs, which is passed down directly to us.
Rather than taking the risk of travelling through the Red Sea on their way to and from the Suez Canal, some large shipping companies are avoiding the region altogether, opting for a much longer trip around the Cape of Good Hope.
This diversion means longer journeys, which translates to increased fuel consumption, higher operational costs, and extended delivery times. These changes have a ripple effect, affecting the schedule and cost efficiency of operations, including the deliveries of our teak furniture.
What Does this Mean for Mr Teak Customers?
Fortunately, we currently hold a large amount of stock, so at this point in time we’re under no pressure to react.
However, shipping container costs have increased by 329% since the disruption started and if normal shipping activity is not resumed soon, then these costs could continue to rise throughout the year.
While we will do our best to absorb these increases, it’s likely that some of these costs may be passed onto the end user should they continue to rise.
Delays on future deliveries are likely, but we will highlight this on our site when we run out of our current stock.
Our Commitment to You
We are taking every possible measure to ensure that our standards are not compromised due to current events. Our promise to you is that we will keep you informed about any changes or updates that may affect your orders. This includes potential delays, price adjustments, or changes in our delivery schedules.
Order Early, In Time for Summer
In light of the current global shipping challenges, we strongly encourage you to make your purchases early.
By choosing to buy now, you can secure your teak garden furniture at the current prices, avoiding the potential increases due to escalating shipping costs. Additionally, early purchasing ensures you avoid any foreseeable delays in delivery, ensuring that your garden is ready and equipped for the coming Spring and Summer seasons.
Place your order today to ensure that you can enjoy the quality and beauty of our teak garden furniture without the worry of extended wait times or additional costs.
Don’t miss this opportunity to prepare your garden for the warmer seasons with Mr Teak’s sustainable and elegant teak garden furniture.
If you have any questions, please don’t hesitate to get in touch with our team.