Reefer rates on the radar

The seizure of the MSC Aries is not just a maritime incident; it is a reflection of the intricate interplay between geopolitics and global trade.

Service reliability across carriers has also exhibited inconsistency, with wide disparities in performance further contributing to market uncertainty.

Freight rates remain stable despite supply chain disruption caused by the collapse of the Francis Scott Key Bridge, however, importers into the US East Coast could be set for further disruptions due to labor negotiations.

In addition to the Red Sea conflict, recent economic indicators suggest underlying demand growth, particularly in India’s production and export orders.

Supply chain disruption can be expected after the collapse of the Baltimore bridge, however, neighbouring New York/New Jersey and Virginia can handle additional container imports if Baltimore remains inaccessible.

Despite challenges such as longer sailings due to the Red Sea situation, carriers have managed to maintain service schedules by introducing more ships.