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"Global TEU-mile demand would decline 6% if container ships begin sailing through the Red Sea and Suez Canal again."

Ocean saw improved profitability to an EBIT of $743 million due to higher rates and stable volumes.

Transport volume increased 10% to 3.3 million TEU while average freight rate was up 9% at $1,480/TEU.

Shipping lines covered do not include MSC (privately held), PIL and CMA CGM (no longer publicly publishes EBIT).

"The introduction of new vessels may increase capacity and put pressure on ocean freight rates."

Container ships are still sailing around the Cape of Good Hope & there is no guarantee the situation will change in 2025

Container shipping rates spiked more than 70% in 2018 when Trump ramped up tariffs on China.

It’s far too early to expect any formalised changes in the next few weeks: eeSea.

Net profits are expected to be $36.6 billion in 2025 for a 3.6 percent net profit margin.

Businesses will also be looking at ways to navigate changing consumer demands & rising insurance premiums.

"The lights are flashing red on the geo-political dashboard and it would be foolish to ignore them."

Traffic through Panama and Suez Canals - critical arteries of global trade - dropped by over 50% by mid-2024.