GLOBAL container TEU-mile trade grew 18 per cent in 2024, reaching 1,171 teu per mile, driven by vessel detours to avoid the Red Sea, reports Clarkson, London shipbrokers.
Some 700 vessels were 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 four per cent if Red Sea routes fully reopened.
Clarkson's expects gradual changes as liner companies adjust service schedules and address safety concerns.
SeaNews Turkey
Some 700 vessels were 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 four per cent if Red Sea routes fully reopened.
Clarkson's expects gradual changes as liner companies adjust service schedules and address safety concerns.
SeaNews Turkey
