Resumption of Suez transits in doubt after return of Red Sea hostilities
Hope for a resumption of Suez Canal transits by container lines were dented over the ...
© Philcold
Container spot rates from Asia to the US and Europe continued to soar this week as a swift solution to the attacks on shipping in the Red Sea by Houthi rebels looks increasingly unlikely.
Moreover, reports to The Loadstar suggest that some shippers of low-rated contract cargo are seeing their allocations slashed by up to 80% by their carriers, forcing them onto the spot market.
Xeneta’s XSI Asia-North Europe spot component jumped 25%, for an average ...
Comment on this article