Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka’s hub-and-spoke specialist has reaped the rewards of the trunk liner trades’ southern migration. For ships rerouting around the Cape of Good Hope, Colombo is positioned as an unrivalled wayport option for Middle East and Indian subcontinent cargoes

Carriers are reporting strong demand and high load factors. But Red Sea delays have prompted cargo owners to bring forward orders that may turn into excess inventory

Maersk introduced a €23 per dry teu ETS surcharge on the east Asia to north Europe route during the first quarter based on an ETS price estimate of €82 per tonne of CO2

Capacity shortages and strong demand have propped up freight rates and will do so for another quarter. But beyond that, the looming threat of overcapacity remains, even if the Red Sea crisis continues

Higher demand and freight rates have led Maersk to raise the lower end of its guidance for the full year. But overcapacity remains a concern, despite increasing volumes

Higher costs and closed trade lanes are hitting African countries hard. But there are opportunities for the continent to benefit in the longer term

UPDATE: Analysis of a video circulated by Houthi following the attack suggest that a Shehab drone may have been used against MSC Orion, suggesting that significantly more accurate weapons with a range of up to 1,600 km are now being used to target ships

Move comes after Howden’s recent launch of cargo facility for Red Sea