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Drewry expects congestion at transhipment ports to remain high but easing is anticipated as carriers add more capacity

Early peak season is both a short-term change & signal that there will be a vacuum when peak volumes are complete

"Container vessels, which make up ~1/3 of arrivals, have experienced longer waiting time due to more vessels arriving."

Strength reinforced by falling reefer freight rates as carriers adjust prices down after pandemic era disruptions

Handling diverted Baltimore container cargo & anticipated growth in 2024 may prove challenging for U.S. East Coast ports

Services operated under the Gemini cooperation agreement will make extensive use of 15 hub ports

Ukraine exported an average of four million tonnes of grain per month during January and February 2024

Drewry estimates that global box fleet rose 1% last year to 51.4 million TEU, to expand 2.3% over the year

Talks fail on rights to manage HMM, three-year lock-up demand for consortium partner JKL Partners

Drewry World Container Index (WCI) declined four percent to $3,824 per 40ft container to the week of February 1, 2024

Drewry’s World Container Index increased 5% to $3,964 per 40ft container for the week to January 25, 2024

Houthis continue to target merchant ships, ocean freight rates continue to rally on uncertainty