Financial Ports

Red Sea shift sends container rates soaring despite demand dip

CLAVE 1 / 463% of Asia-Europe capacity now sails via the Red Sea, up from near-zero earlier this year.

CLAVE 2 / 4Asia-Mediterranean rates hit $4,252 per FEU, an 8% weekly rise, the sharpest on major routes.

CLAVE 3 / 4Carriers blank eight sailings on Asia-Europe next week, restricting supply as congestion bites.

CLAVE 4 / 4A potential strike at LA-Long Beach could disrupt 85% of the port’s cargo from November 1.

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