Freightos

The massive IT outage caused by the CrowdStrike update led to thousands of delayed or cancelled flights worldwide over the weekend as airport and airline systems went black.

Though many – but not all – carriers were able to restore operations relatively quickly, delays are expected for impacted shipments as the backlog is cleared. Though some container ports and carriers also had outages, the impact on ocean freight was minimal. Houthis in Yemen continued their attacks on vessels in the region...

https://container-news.com/ocean-rates-dip-on-capacity-increase-and-early-peak/

Ocean rates out of Asia climbed significantly last week, with the latest daily prices already at US$8,200/FEU to North America West Coast, US$9,300/FEU to the East Coast, US$8,600/FEU to North Europe and US$7,900/FEU to the Mediterranean.

Peak season demand coinciding with Red Sea-driven capacity constraints and congestion has now pushed Asia – North America West Coast spot rates 60% higher than their February peak and prices to North Europe are 80% higher than highs seen in January....

https://container-news.com/freightos-weekly-update-rates-keep-climbing-on-early-month-increases/

Ocean rates out of Asia were stable last week but have already started climbing on mid-month Peak Season Surcharge increases this week as demand remains strong and Red Sea-driven congestion persists in both the Western Mediterranean and the Far East.

Strong demand and high spot rates have some long-haul carriers adding transpacific and Asia-Europe services. Smaller regional carriers are also entering transpacific trade for the first time since the pandemic. But with capacity already stretched...

https://container-news.com/rates-still-climbing-but-could-early-peak-season-start-mean-early-end-too/