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October 17, 2023 Update

Freightos

If rates have reached their floor, it is likely thanks to significant capacity management measures taken by carriers. The transpacific lane will have about 23% of deployed capacity blanked in October – the highest level since April. In Israel, ocean and inland logistics have continued to be fully operational despite the ongoing war.

Asia 156
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October 11, 2023 Update

Freightos

For the transpacific, rates falling sharply on gradually declining volumes and alongside continued, significant capacity management measures by carriers point to overcapacity as the main driver of the current rate slumps, with excess capacity a major contributor to falling rates on the other lanes as well.

Asia 156
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December 6, 2023 Update

Freightos

With the threat focussed on Israel-linked vessels there has not been a significant impact on vessel flows through the Red Sea yet. The degree to which December’s rate increases will stick though, will depend on the carriers’ ability to reduce capacity to current demand levels.

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November 28, 2023 Update

Freightos

Carriers have been reducing capacity through blank sailings and other measures in response. Europe capacity by 21% in November (with a 24% reduction announced so far for December), capacity still remained 11% higher than in 2019, showing that growing fleets and easing demand are combining to challenge rate increase attempts.

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December 13, 2023 Update

Freightos

Rates maintaining or exceeding their recent gains would likely be a function of stricter capacity reductions aimed at getting prices up during long-term contract negotiations, though there are also signs that demand will start to improve ahead of Lunar New Year.

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Why the News from India is So Bad: A COVID Cycle that Will Continue

NC State SCRC

The vaccination rates for India are very low; less than 2%, compared to 62% in Israel, 51% in the UK, 44% in the US, and 42% in Chile and Hungary. We conducted an analysis of vaccine capacity in India, and compared this mapping to the areas where the largest COVID outbreaks were occurring. This is very bad news for several reasons.

India 97
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Interoceanic Passages

Abivin

Chokepoints (or bottlenecks) are a term used to describe the most crucial strategic marine routes because they: Capacity limitations. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. In 1956, Israel, France, and Britain invaded Egypt as a result.

Panama 52