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Index has increased by 44% compared with the same week last year, and is the highest since October 2022

26th Houthi attack on commercial shipping lanes in the Red Sea since November 19, 2023

COSCO stops calling at Israeli ports, disquiet continues as carriers keep hiking rates

Six small craft approach merchant vessel within 1NM; Maersk announces peak season surcharge

Freight rates nearly double but carriers have capacity to address diversions & longer voyages compared to pandemic yrs

U.S. Navy shot down one drone, one anti-ship missile on Dec 28; MSC, Hapag continue to divert ships

MSC to continue to reroute vessels booked for Suez transit via the Cape of Good Hope

Attack follows a drone attack on crude carrier near Veraval, Gujarat