More than one boxship newbuild delivering every day this year
MSI10 January 20241 Minute
Liner shipping has entered 2024 in unexpected rude health thanks to the massive diversions away from the Red Sea soaking up tremendous capacity and putting spot rates at highs not experienced ever before outside of the covid era.
According to analysis by UK consultants MSI, the increase in freight rates is greater than can be justified by increased costs from diverting via the Cape of Good Hope. Read more at Splash247.com.