Rea Sea unrest pushes up container rates

Maersk Line ship

Continued diversions to avoid possible Houthi attacks in the Red Sea are pushing up container rates for shippers

Five of the top ten carriers – Maersk, MSC, Hapag-Lloyd, ZIM and ONE – are instead transiting via the Cape of Good Hope with one further carrier – CMA CGM – suspending some sailings. Whilst most Asian carriers are still using Red Sea routes, the total capacity currently diverting represents 62% of global trade.

Asia to Northern Europe rates are up 226% compared with mid-December last year.

Continue reading this article… 


Receive full access today!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the ports and terminals sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the ports and terminals industry
  • Our extensive archive of data, research and intelligence

Already subscribed? SIGN IN now

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!