Box prices and lease rates higher as Red Sea crisis bites

“The management of the Red Sea crisis has alleviated concerns of sudden container price rises, providing a more predictable environment”

Despite targeted attacks on military/drone launch sites in Yemen by UK and US military forces, Houthi rebels have continued to fire missiles at ships in the Red Sea.

Imbalances in Sino-Russian containerised trade has resulted in containers “piling up in Russia and very low secondhand container prices,” says Container xChange

Pressure is growing on both sides to settle this damaging dispute, as shippers worry about further action when the “peak” season is underway

The decline in average container prices and leasing rates offer good opportunities for shippers and freight forwarding companies to plan cargo as the supply chain braces for the peak season, typically from July to September, says the Hamburg-based analyst

The Hamburg-based online platform for container trading and leasing reports US importers and exporters face the highest shipping charges in the world. The report is entitled “Demurrage & Detention Benchmark 2022”