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Thu, Feb

Container spot rates rocket even higher as Red Sea crisis drags on

Shipbuilding

Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.

It’s now crystal clear that container ships will not return to the Red Sea anytime soon. Lengthy detours around the Cape of Good Hope have already pushed spot container rates far above pre-COVID levels, and rates continue to climb.Yet another commer...

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