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Freight rates from Shanghai to Genoa zoomed 21% to $4,399/FEU and from Shanghai to Rotterdam surged 16% to $3,954/FEU.

Maersk now expects underlying EBITDA of $11-11.5 billion and EBIT of $5.2-5.7 billion for 2024.

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

IACI is a volume-weighted index of spot container freight rates on 18 large intra-Asia trade lanes.

Manufacturers are reporting full order books until mid-October

Drewry expects congestion at transhipment ports to remain high but easing is anticipated as carriers add more capacity

Early peak season is both a short-term change & signal that there will be a vacuum when peak volumes are complete

"Container vessels, which make up ~1/3 of arrivals, have experienced longer waiting time due to more vessels arriving."

Strength reinforced by falling reefer freight rates as carriers adjust prices down after pandemic era disruptions

Handling diverted Baltimore container cargo & anticipated growth in 2024 may prove challenging for U.S. East Coast ports

Services operated under the Gemini cooperation agreement will make extensive use of 15 hub ports

Ukraine exported an average of four million tonnes of grain per month during January and February 2024