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Importers likely to frontload cargo ahead of disruptions in 2025, driven by labour negotiations and Chinese New Year.

"Consequences will be severe, not only through congestion at U.S. ports but ships will be delayed for the next voyage."

Chennai experienced steepest increase in prices (50%) followed by Nhava Sheva (35%) and Mundra (26%) since April

Geopolitical disruptions and potential labour unrest to also influence this period

Average container prices spike by 45% in May; majority of logistics professionals expect further hikes in coming weeks

Vessel traffic into/out of Baltimore port suspended until further notice; six workers were missing and presumed dead

As Chinese New Year approaches, we expect tightening of container availability: Christian Roeloffs, Container xChange

MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

~920,000 TEUs have diverted south of Africa & another ~1,002,000 are delayed in Suez area: Anders Schulze, Flexport

While blank sailings are expected to increase, imbalanced container availability may continue in certain regions

Hostilities beyond the borders could introduce risks to two vital shipping choke points - Suez Canal & Strait of Hormuz

Average price of a 40ft high cube container in Moscow was $4,175 in Feb 2022, which is $580 as of Sept 25, 2023