Strait closure hikes Ferrari freight
Ferrari is air‑freighting supercars to the Middle East because carriers are avoiding the Strait of Hormuz — shipping costs are reportedly 4–5× higher and buyers are being billed for the increase. The reroute is pushing up premium transport fees and delivery lead times. (x.com)
Ferrari told investors it suspended most shipments to the Gulf last week but “completed some deliveries via air freight,” according to the company statement reported by Bloomberg. (bloomberg.com) An FT analysis found logistics executives saying air‑freighting a luxury vehicle now costs roughly four to five times more than sea transit, and Freightos data showed the average air cargo rate from Europe to the Middle East rose to about $2.96/kg. (storage.printfriendly.com) FT also reported that air freight had previously been about three times pricier than sea for bespoke supercars and that manufacturers sometimes absorb or pass those extra costs depending on client agreements. (storage.printfriendly.com) Major container lines — including Maersk, CMA CGM, MSC and Hapag‑Lloyd — have suspended Hormuz transits, forcing reroutes around the Cape of Good Hope that add roughly 10–14 days to voyages and have pushed spot container rates sharply higher. (lloydslist.com) Insurers have tightened cover for the zone, with P&I and war‑risk premiums jumping and some policies suspended for Hormuz transits, a change logistics analysts say is a principal driver of the higher transport surcharges. (themiddleeastinsider.com) After the disruption Ferrari said it has resumed Middle East deliveries and that no customer orders have been cancelled, while dealers and consignors report delivery lead times and premium transport fees remain elevated. (gulfnews.com)
