GLOBAL container TEU-mile trade grew 18 per cent year on year in 2024, reaching 1,171 TEU per mile, driven by vessel detours to avoid the Red Sea, reports Clarkson.
700 vessels rerouted via the Cape of Good Hope, generating a 12 per cent distance increase and supporting overall trade growth.
Global container trade rose five per cent to 211.6 million TEU, with strong rebounds on key routes.
However, the Gaza ceasefire could cause overcapacity, potentially reducing container shipping demand by four per cent if Red Sea routes fully reopen.
Clarksons expects gradual changes as liner companies adjust service schedules and address safety concerns.
SeaNews Turkey
700 vessels rerouted via the Cape of Good Hope, generating a 12 per cent distance increase and supporting overall trade growth.
Global container trade rose five per cent to 211.6 million TEU, with strong rebounds on key routes.
However, the Gaza ceasefire could cause overcapacity, potentially reducing container shipping demand by four per cent if Red Sea routes fully reopen.
Clarksons expects gradual changes as liner companies adjust service schedules and address safety concerns.
SeaNews Turkey
