Container

Red Sea crisis makes shippers agree to pricy contracts with carriers

Shipping companies’ diversion of container ships south of Africa has boosted prices. This is especially true on one route, analysts point out.
Photo: Roslan Rahman/AFP/Ritzau Scanpix
Photo: Roslan Rahman/AFP/Ritzau Scanpix
by DAG HOLMSTAD

The unrest in the Red Sea, where attacks on ships have caused major disruptions to freight operations, is providing shipping companies a breath of fresh air after a prolonged downturn, as shown by the jump in container freight prices in recent months.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs