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

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

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

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

Houthis continue to target merchant ships, ocean freight rates continue to rally on uncertainty

Air cargo volumes from Vietnam to Europe – a major trade route for apparel – spiked 62% in the week ending January 14.

The Xeneta platform calls upon more than 400 million crowdsourced data points to allow buyers and sellers of ocean and air freight to benchmark rates...

Forecast for 2024 remains unchanged with an anticipated 1-2 percent growth in demand and a 2-4 percent rise in supply

"Operation Prosperity Guardian set up & deployed to allow maritime commerce to pass through Red Sea/Gulf of Aden"

After Panama Canal shock, the terror attacks on container ships can disrupt supply chain in 2024

Demand is predicted to grow only by 1-2% & supply is expected to increase by 2-4% in 2024.

HMM’s score in Q3, however, was actually worse than Q2, jumping 17.4 points on the CEI to 72.7