Against the background of global instability, the maritime transport market expects continued difficulties in 2024

Published 2024년 1월 6일

Tridge summary

As 2024 begins, major carriers, such as Maersk, are facing potential disruptions to the shipping industry due to ongoing wars and droughts affecting key routes like the Panama Canal, leading to increased delays and costs for retailers. Shipowners have seen their fuel costs rise to $2 million for a round trip while bypassing the Suez Canal and the Asia-Europe spot rate has more than doubled, potentially leading to higher prices for consumers. The number of crossings through the Panama Canal decreased by 33% due to low water levels, leading to increased shipping costs for goods such as wheat, soybeans, iron ore, coal, and fertilizers at the end of 2023.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Fighting in the Red Sea has forced the world's suppliers of vital goods to reconsider routes and pricing policies, but it is hardly the only problem facing major carriers as 2024 begins. This is reported by Reuters. Giants such as Maersk say the industry, which accounts for 90% of global trade, faces the possibility of significant disruption - from ongoing wars to droughts affecting key routes such as the Panama Canal. Complex shipping schedules are likely to throw off rhythm for giant container ships, fuel tankers and other cargo vessels throughout the year. This will lead to increased delays and increased costs for such retailers "It seems to be the new normal -- these waves of chaos that ebb and flow. Before you get back to some level of normalcy, another event happens that throws everything off course," said Jay Forman, CEO of Basic Fun, which based in Florida that ships toys from factories in China to Europe and the US. Shipowners' fuel costs rose to $2 million for a round ...

Source: Epravda