Box ship attacked, Hormuz shut again, Middle East rates sail past pandemic peak
Gulf importers and their forwarders are once more turning to Middle East landbridge routes after ...
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By Lawrence Lim
Container spot rates have done exactly what they did in 2021, and the market has drawn exactly the conclusion you’d expect: this is a repeat performance of a one-off, and it will end the same way.
The SCFI is up roughly 150% since late February and 11% since the mid-June truce alone, container timecharter rates are near cycle highs, and forwarders and carriers alike are reporting sharply improved earnings. The consensus read is that this is a geopolitical shock ...
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