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Vessel traffic into/out of Baltimore port suspended until further notice; six workers were missing and presumed dead

As Chinese New Year approaches, we expect tightening of container availability: Christian Roeloffs, Container xChange

MSC introduces a new acronym - contingency adjustment charge (CAC), Maersk, CMA CGM announce diversions

~920,000 TEUs have diverted south of Africa & another ~1,002,000 are delayed in Suez area: Anders Schulze, Flexport

While blank sailings are expected to increase, imbalanced container availability may continue in certain regions

Hostilities beyond the borders could introduce risks to two vital shipping choke points - Suez Canal & Strait of Hormuz

Average price of a 40ft high cube container in Moscow was $4,175 in Feb 2022, which is $580 as of Sept 25, 2023

Carriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant

While restrictions could impact Christmas stocks, shippers diverting containers via Suez have been minimal

Container Availability index (CAx) lower than Q42022 as trade improves at Indian ports

Chennai ranked 9th on expensive port list; New York most expensive port with average combined D&D charge of $2,478

Infrastructure has been the common word among all stakeholders in the value chain while expressing their expectations for the upcoming union budget...