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U.S. Presidential elections on November 5, 2024 could have significant implications for global trade and supply chains.

Ocean Alliance will cancel 24 sailings, THE Alliance 16, 2M Alliance 16 and non-alliance carriers 34 sailings.

Spot ocean rates had declined by over 20% by mid-August from their peak in early July

Largest deployment growth on Asia/Europe route at 24%; container fleet up 10.6% between June 1, 2023 and June 1, 2024

Carriers have intensified frequency of GRIs on fortnightly basis and have imposed tripled peak season surcharges