Hostilities in the Red Sea intensified last week, and included the first seafarer casualties. But with most container traffic already avoiding the Suez Canal, demand easing as the market enters its slow season, and operations settling into a new routine, rates continued to ease across the major trade lanes.
Asia – North America ocean rates are down 10% from their peak, with Asia – North Europe prices 22% lower and Asia – Mediterranean rates 34% below their high in late January. Ocean logistics...
https://container-news.com/ocean-rates-continue-to-ease-post-lunar-new-year-freightos-analysis/