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Clarksons Research’s cross-sector ClarkSea Index jumped 14% to a record $75,658 a day, capping its strongest quarter ever as Hormuz-linked disruption continues to reshape global shipping economics.
Sea-Intelligence analysis shows 8.5% of the global containership fleet is currently tied up by delays at Asian ports, with recovery to normal conditions likely to take seven to ten months.
Stranded container capacity in port queues worldwide has climbed to 4.31 million TEU, exceeding the 4 million TEU high recorded during the 2022 pandemic-era supply chain crisis.
The Baltic Dry Index has climbed to its highest level in nearly five years as bad weather in the Pacific and tightening Capesize vessel supply collide with strong export demand.
Drewry’s World Container Index shows spot rates poised for a modest decline as ocean carriers accelerate the return of container capacity to the Suez Canal.
Shanghai-to-New York spot rates rose 10% to $8,706 per 40ft box this week, even as Asia-Europe rates ease and Drewry’s overall index slips 1%.
With freight rates rising and Cape of Good Hope diversions straining capacity, some ocean carriers are reportedly betting they can safely return to Red Sea routes.
Congestion in China, Asia, and Europe has stranded more container capacity than ever recorded, squeezing vessel availability and pushing freight rates up.
