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The upside scenario for shipping lines – Houthi-inflated spot rates spur big gains in annual transpacific rates – is not happening, says Flexport. Carriers are seeking relatively small year-on-year increases
The ongoing crisis in the Red Sea has led to increased charter rates and higher spot freight rates, with limited availability of ships for charter and a significant impact on the global shipping industry.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines. The post Container lines ‘scramble’ to rent more ships amid Red Sea crisis appeared first on FreightWaves.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea? The post US-led forces in Red Sea will be defensive ‘highway patrol’ appeared first on FreightWaves.