Container shipping market continues to depend on Red Sea reroutings, BIMCO says

Port of Salalah offers multi-modal services to bypass Red Sea disruption, saving 4-5 days, connecting to Jeddah for faster shipping to Europe/US.

In 2023, 2.3M TEU of new container ship capacity surpassed the previous high by 37%, with an additional 1M TEU delivered in the first 4 months of 2024.

IBIA and BIMCO partner to address bunkering challenges, foster clean energy solutions, and advance sustainable shipping practices.

The global container market grew by 1.5% to 173.5 million TEU in 2023, but without COVID-19, it would have reached 198.1 million TEU.

The impact of elections in India, Mexico, the European Parliament, and the United States, could introduce further uncertainty to supply chain risks in 2025.

The re-routing of mainline vessels via the Cape of Good Hope has led to a significant downturn in vessel call capacity at East and Central Mediterranean hub ports.