Container rates surge by up to 60% amid the Red Sea crisis

As container vessels take longer routes, capacity constraints contribute to a revival in container rates. The China to Europe trade lane has witnessed significant surges, with trading spot rates soaring in key Chinese ports. The disruptions are not confined to China; leasing rates bound for Hamburg, Germany have doubled since January 1, 2024. Source: Container xChange

This report is premium content Start a FREE 30-day trial to read this report and unlock our full library of 1,500+ maritime and shipping reports, white papers, and market studies. You’ll receive weekly content updates — and you can cancel anytime during the trial if it’s not for you.
FREE TRIAL
Already a subscriber ? Log in
RELATED POSTS