The closure of the Suez route is profoundly disrupting the container shipping sector, bringing about a major change at the start of 2024.
From a situation of oversupply to a shortage of capacity. 🔄
- Ships are redirected via the Cape of Good Hope, lengthening delivery times and increasing costs.
- Freight rates soar, a boon for carriers aiming for a return to profitability.
- The shortage of containers in Asia leads to a further rise in rates.
- Asia-Europe routes are the hardest hit.
This crisis could be the catalyst for major innovations in maritime transport. It’s time for transformation!
To read the news ➡️ https://container-news.com/red-sea-crisis