Trade Analysis: Far East Westbound
After the first attacks on commercial shipping in the Red Sea in December, carriers started to take action too, rerouting vessels via the Cape of Good Hope. Currently, around 80% of vessels…
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Seafreight Insights
Read our Seafreight Insights to find out about the latest developments in the global sea cargo industry. Get an update on trade and rate developments as well as flexible solutions offered by cargo-partner to deal with the current challenges.
The global container shipping industry is still in turmoil and global trade is at risk due to several crises. The ongoing Houthi threat in the Red Sea/Suez Canal and the issues with low water levels in the Panama Canal were already causing major disruptions to global supply chains.
The collapse of the Francis Scott Key Bridge in Baltimore will cause even more problems as this is one of the busiest ports on the US East Coast.
Last updated on May 2
Key Takeaways
The shipping industry will remain volatile and uncertainties will continue to plague the market.
cargo-partner Solutions:
- Rail Transport Solutions (click for more)
- Flexible Air Freight Solutions (click for more)
- Short Sea Solutions from and to Türkiye (click for more)
- Europe – India Express Service (click for more)
- Ocean Freight Management (click for more)
- Full end-to-end visibility with our Intelligent Container Tracking (click for PDF)
Current market assessment from May 2, 2024:
Legend: traffic lights showing current status, arrow indicates possible development of transport rates.
Trade Analysis: Far East Eastbound
The carriers’ decision to divert traffic away from the Red Sea to avoid Houthi attacks is likely to impact shippers on the Europe to Middle East/ISC/Far East and Oceania lanes...
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Trade Analysis: Transatlantic Westbound
All carriers have implemented a “Panama Canal Surcharge” for transports to the US West Coast to cover the additional costs caused by the low water levels...
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Trade Analysis: Transpacific
We now face a combination of increased demand for space ahead of the upcoming Lunar New Year, reduced capacity through the Panama Canal, as well as US East Coast services originally routed…
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Rising Risk in the Red Sea?
Geopolitical tensions and attacks in the Red Sea have increased since the start of the Israel-Hamas conflict. In the wake of this conflict, merchant shipping was affected by missile…
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Panama Canal: When Waterways Lack Water
The Panama Canal, which connects two oceans, simply does not have enough water. Delve deeper into maritime traffic jams and how the Suez Canal temporary substituted the Panama Canal.
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Reefer Transport Solutions
Reefer ocean freight is currently still volatile, but with rates on a comparatively low level. Read more about our experts' current reefer market assessment...
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What you need to know: European Union Emissions Trading System (EU ETS)
The EU has adopted a legislative action plan to achieve carbon neutrality by 2050. This plan includes reducing greenhouse gas emissions by 55% by 2030 and also impacts the shipping industry.
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Cost-Effective and Reliable Transport Solutions for Dangerous Goods
Are you looking for the most cost-effective and reliable way to ship dangerous goods such as batteries for electric vehicles, e-bicycles, power tools and medical devices?
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A talk with Rolf Habben Jansen, CEO of Hapag Lloyd
We had the opportunity to talk to CEO of the fifth largest container carrier worldwide about the recent developments in seafreight and acquisition plans.
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