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Container Bytes #44: Red Sea Routing Economics and Chronic Port Gridlock
Welcome to this week's edition of Container Bytes! Judah Levine, Head of Research at Freightos, is hosting solo again this week while Julia continues her vacation.
In this episode, we unpack why ocean carriers—including Maersk, Hapag-Lloyd, CMA CGM, Cosco, and MSC—are taking steps to resume Red Sea transits despite the collapse of the US-Iran memorandum and ongoing Houthi threats. Driven by surging bunker fuel prices, the extended trip around Africa's Cape of Good Hope has grown significantly more expensive. Combined with chronic port congestion that is tying up global fleet capacity…
The skinny
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