Transpac GRIs fail to prop up under-pressure container spot freight rates
It was a relatively flat week for pricing on the major deepsea box shipping trades, ...
By Ruben Huber
This year just won’t calm down, with new geopolitical explosions seemingly on a constant basis.
While the conflict between Israel and Iran will certainly serve as a good excuse for carriers to refrain from returning to the Red Sea, a potential closure of the Strait of Hormuz is a threat to shipping and could trigger the involvement of Saudi Arabia, the UAE and other Gulf countries in the conflict. It’s becoming a world where nothing is unthinkable anymore.
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