London, July 10th, 2024: Severe weather conditions near the Cape of Good Hope has brought container traffic to a halt this week according to analysis by LSEG Shipping Research. Since Monday…
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Cape of Good Hope
20 year old Handy Containers of 1,750 TEU up by as much as 43% since the new year from USD 6.99 million to USD 8.6 million. Container values have risen…
Suez Canal toll earnings set to continue falling, as vessels re-route around the Cape of Good Hope
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Introduction As we enter in to the third month of escalating conflict in Yemen this has prompted significant rerouting of vessels with far-reaching consequences for global trade and transport and…
Red Sea crisis: Spiralling cost in ocean freight shipping rates is becoming a reality as Suez Canal remains out of bounds.
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Oslo, Norway, 22 December 2023 The crisis in the Red Sea region has sent the cost of ocean freight shipping spiralling as the market continues to react to vessels being…