Consultant says Suez Canal restart won’t solve container shipping woes
Speaking on the Freight Buyers' Club podcast, container shipping analyst and consultant, Lars Jensen, said that shippers should expect ongoing volatility in container shipping freight markets through 2025, adding that even if operations resume through the Suez Canal, immediate relief from disruptions and soaring freight rates is not guaranteed.
This made interesting reading for Davies Turner with our portfolio of international ocean freight operations, including LCL and FCL import and export services.
In the article, Larsen explained that if the crisis persists and a significant portion of the global container fleet continues to be diverted around southern Africa, global shipping capacity will remain limited and prone to further disruptions.
Jensen also noted that even if the Middle East situation was unexpectedly improved and Houthi attacks on global trade ceased, it would still take considerable time for liner networks to adjust. He suggested that an extended Red Sea crisis would likely lead to "continued high freight rates" and "high volatility."
The article can be read in full here: https://container-news.com/suez-canal-restart-wont-solve-container-shipping-turbulence-warns-lars-jensen/
For more information about our ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit the relevant pages of this website.
Consultant says Suez Canal restart won’t solve container shipping woes
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