Chemical companies can expect to pay even more for container space along the Asia to Europe route as attacks against shipping persist, port congestion grows and demand rises.
- Shipping rates soar amid congestion, rising demand, echoing post-pandemic era
- Shipping reliability, customer service levels have fallen
- Shippers reorganizing routes, focussing on big ports like Singapore
- Global container shipping capacity growing by 20% year-on-year
- Container fleet utilization over 90% despite rising supply
- End of Houthi Red Sea attacks would cause freight rates to collapse
- Demand rising for containers even though industrial demand is flat
- Huge investment in port, road, rail infrastructure especially in Asia
- Logistics problems leave oversupply trapped in Asia
- More trade barriers may protect regional markets
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