- Suez traffic is down 28% in past 10 days, IMF PortWatch says.
- Risk of congestion rises heading into Chinese Lunar New Year.
Short term rates for container shipping between Asia, Europe and the US are climbing on reduced capacity caused by the ongoing threats to cargo vessels in the Red Sea, reports the Business Times.
The spot rate for shipping goods in a 40-foot container from Asia to Northern Europe now tops US$4,000, a 173 per cent jump from just before the diversions started in...
https://mfame.guru/spot-container-rates-soar-173-on-red-sea-diversions/