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January 10, 2024 Update

Freightos

More Resources Home January 10, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe – N.

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December 19, 2023 Update

Freightos

More Resources Home December 19, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $5.86/kg America traffic.

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Red Sea Shipping Disruption- Developments and Indicators

Supply Chain Matters

None the less, Maersk , along with three other container lines have made the decision to temporarily discontinue Red Sea transits and again seek transits around Africa by the Cape of Good Hope , added days to shipment and estimated arrival times. That is in the light of expected excess shipping vessel capacity available in 2024.

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Building Signs for Another Global Maritime Disruption

Supply Chain Matters

As a consequence, the top three container shipping lines, Maersk Line, CMA CGM , Hapag Lloyd , announced their intent to begin routing ships toward the Cape of Good Hope in southern Africa avoiding the Suez Canal. The somewhat good news is that global freight volumes have contracted considerably from what they were in 2021.

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