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Spot rates to reach level we haven’t seen since 2022 when Covid-19 pandemic was still wreaking chaos: Peter Sand, Xeneta

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

With capacity stable, load factor from India to Europe climbed to 87% in week to March 24 - highest since April 2022

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

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

CMA CGM was the most reliable top-13 carrier in January with schedule reliability of 54.7%

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

Cargoes moving in the opposite direction on the backhauls have been hit harder by surcharges: Xeneta

Drewry estimates that global box fleet rose 1% last year to 51.4 million TEU, to expand 2.3% over the year

Operation will be active along the main sea lines of communication in the Baab al-Mandab Strait and the Strait of Hormuz

Asia-Mediterranean/Black Sea recorded the steepest drop in schedule reliability from 61.9% in December to 39% in January

Europe-Indian Subcontinent trade is by far the most impacted; trade between Far East and North America least impacted