Navigating maritime chokepoints
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The July 2024 Ocean Freight Market Update highlights the current trends and developments affecting global shipping, with a specific focus on demand, capacity, rates, and regulatory impacts
Container shipping market continues to depend on Red Sea reroutings
An initial surge in freight prices — prompted by ships taking the much longer route around the Cape of Good Hope — petered out in March, yet prices have now surged even higher
Access to capacity is turning out to be difficult on certain major maritime routes and freight rates are rising