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The container fleet now consists of 6,699 ships with a capacity of 30.4 million TEU: BIMCO

USMX says talks cannot happen on pre-conditions even as Biden backs workers; all eyes on how long the strike will last.

Thermal coal shipments were a key driver, supported by strong electricity demand and coal import mandates.

"Had the fleet not grown substantially before the Red Sea crisis began, it could have developed into a major crisis."

Volumes have reached an average of 1.6 million barrels per day, an increase of 1,000% compared to 2021

Capacity is expected to exceed 30 million TEU at the end of third quarter and hit 30.5 million by the end of 2024

"Whether pent-up demand & global growth above trend can help recover part of lost growth remains to be seen."

In the first three weeks of March, the number of ships transiting through the Suez Canal was down 51% YoY

Average container ship could be larger than 5,000 TEU at the end of 2025: BIMCO

Container ship transits are down by 70% through the Gulf of Aden and the Suez Canal, says BIMCO

Container fleet capacity in 2023 increased 8% from 2022 and 21% from 2019

Another 83 ships larger than 15,000 TEU expected to be delivered in 2024, doubling capacity in just four years