Container freight rates rise amid Red Sea route return and port strike concerns despite slowing demand
CRGO Freightos Ltd
$0.81 +6.04%
View chart & analysis → - 1Shipping schedules are being reorganized as shipping companies accelerate their return to Red Sea routes.
- 2According to Alphaliner's survey of 10 major shipping networks, 24 out of 46 direct routes recorded 63% of direct service capacity using the Red Sea route.
- 3Approximately 250 port monitors authorized a strike at the Los Angeles-Long Beach ports starting November 1 if negotiations fail.
So what's the key point?
Shipping schedules are changing as ships begin to use the Red Sea route again. The cost of renting ships is rising due to the potential for port strikes.
Source FreightWaves · View original ↗
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