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Drewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024

"Shippers will be reluctant to commit to long-term rates during the height of disruption due to the Red Sea crisis."

Early indications suggest ocean freight shipping rates are set to increase further in early February

Full-year air cargo demand reached a level just slightly below 2022 and 2019

Evergreen most reliable top-13 carrier in December with schedule reliability of 63.6%

For the full year 2023, EBIT plunged 85% to $2.7 billion

Escalating attacks on ships in Red Sea are adding strain to shipping routes already hit by conflict and climate change

Oil tanker hit by Houthi-fired missile, crew safe

Drewry’s World Container Index increased 5% to $3,964 per 40ft container for the week to January 25, 2024

A one knot increase in speed, from 16 to 17 knots, will increase emissions by 14 percent: Sea-Intelligence

Following escalation of risk, US subsidiary of Maersk is suspending transits in the region until further notice

About 48% expect to increase shipments in weeks ahead of Lunar New Year, suggesting re-stocking has already begun