Container

New route around Africa bumps up freight prices after a year of decline

The tense situation in the Red Sea may end up solving the container shipping companies’ Gordian knot: too many ships and too little demand.
Shipping organization Bimco expects the global container fleet to grow by a further 18% over the next few years. | Photo: Marcus Brandt/AP/Ritzau Scanpix
Shipping organization Bimco expects the global container fleet to grow by a further 18% over the next few years. | Photo: Marcus Brandt/AP/Ritzau Scanpix
by LIV ALMER

After a year in which freight prices have finally turned downwards following the pandemic’s sky-high rates, the curve is now turning again.

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