Freightos

Overall, the ocean container market has settled into a new routine that avoids the Red Sea due to Houthi attacks which continued this week.

Though significant backlogs, congestion and equipment shortages seen during the first few weeks of the crisis have dissipated, adjustments have resulted in some moderate but ongoing disruptions.

Some West Mediterranean ports, for example, are now being used as transhipment hubs for East Mediterranean-bound containers, leading to some congestion there, and...

https://container-news.com/ocean-rates-leveling-off-but-remain-elevated-on-red-sea-impacts/

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/