Comment / Sea-state: Here be monsters...

Photo 322925190 | Ship © Dzmitry Skazau | Dreamstime.com

With carriers now revising their full-year guidance upwards after another quarter of continuing Houthi attacks and vessel diversions around the Cape of Good Hope – accompanied by what, frankly, appears to be a very healthy peak season – we thought a mid-year ocean freight snapshot ought to be mandatory, as we have just entered the second half of 2024.

(And while the other Premium fool didn’t listen to me, disturbingly calling ’peak rates’ at the end of May, around -20% lower ...