Latest / Container Bytes: Weekly Ocean & Air Freight Intelligence for Supply Chain Pros
Episode #26: Strait Talk And The Air Cargo Hit
Better late than never.
Hope your supply chain is holding up better than my audio equipment.
The ceasefire news is hogging the headlines, but don't let the noise fool you;the Straits of Hormuz are still effectively a "no-go" zone for container ships. While carriers like CMA CGM and COSCO are trickling a few vessels out, nobody is exactly rushing back in.
Ocean rates are staying surprisingly soft at around $2,500 for Transpacific lanes due to a massive ghost of overcapacity. Meanwhile, Air Cargo is getting absolutely pummeled, with South Asia to Europe rates spiking 60% to over $4.00/kg. It’s…
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