Red Sea Chaos Freight Rates Soar As Port Congestions Worsen

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Container Rates Spike, AGAIN! • What's Going on With Shipping? • May 30, 2024 • In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses the impact of Red Sea diversions on global shipping and the spike in freight rates. • #supplychain #containerships #houthi #container #shipping • Support What's Going on With Shipping via: • Patreon: www.patreon.com/wgowshipping • Twitter: @mercoglianos • Facebook: @wgowshipping • Email: [email protected] • Marine Traffic • marinetraffic.com • Megamax fleet now forms half of global boxship fleet • https://container-news.com/megamax-fl... • Alphaliner TOP 100 / 30 May 2024 • https://alphaliner.axsmarine.com/Publ... • Houthis Claim Attacks on Six Ships in Red, Arabian, and Mediterranean Seas • https://gcaptain.com/houthis-claim-at... • Red Sea rerouting causing Asian port congestion • https://www.seatrade-maritime.com/con... • War of attrition could prolong Cape diversions • https://container-news.com/war-of-att... • Sea-Intelligence reports average minimum transit time up 39% on Asia-Med routes • https://container-news.com/sea-intell... • Singapore congestion reaches 2 million TEUs • https://container-news.com/singapore-... • Indian shippers and retailers suffer in a wave of supply chain disruption • https://theloadstar.com/indian-manufa... • Higher consumption in China, US contributed to rate spike • https://container-news.com/higher-con... • Getting containers in the right place at the right time is now 'impossible' • https://theloadstar.com/getting-conta... • Shipper fury as spot rates soar - and box lines ignore contracts • https://theloadstar.com/shipper-fury-... • Drewry's World Container Index - 30 May • https://www.drewry.co.uk/supply-chain... • Booming May rates mask the looming capacity bomb • https://container-news.com/booming-ma... • Ellerman City Liner relaunches China-UK service for peak season • https://theloadstar.com/ellerman-city... • Disruptions continue to drive tanker demand • https://www.lloydslist.com/LL1149301/... • Five-year-old Suezmax tankers worth more than a newbuilding • https://www.seatrade-maritime.com/tan... • Red Sea Disruptions Are Driving Up Carbon Emissions • https://www.marinelink.com/news/red-s...

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