XODD Summary:
With conflict in the Red Sea continuing, most carriers are set to carry on sailing around the Cape of Good Hope for the foreseeable future.
Ocean freight shipping services have now been aligned to this diversion, which in turn has brought a greater sense of certainty to the market and seen rates on the most affected trades steadily decline since their Red Sea crisis peak in mid-January.
Read the full report for insight on:
- Spot rates from Far East to North Europe
- Spot rates from Far East to Mediterranean
- Spot rates from Far East to US East Coast
- Themes of Capacity's Impact
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