Freightos Weekly Update: Demand rebound pushing rates up for early start to ocean peak season

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Negotiations to end the conflict in Iran continue despite ongoing military strikes, impacting shipping near the Strait of Hormuz. Vessels are positioning near the Persian Gulf in anticipation of the waterway reopening, signaling a potential rush to exit the strait.

Negotiations to end the war in Iran continue – though military strikes do too – with many vessels once again moving closer to the Persian Gulf side of the Strait of Hormuz in hopes that the waterway may open soon. When the strait does re-open, ships will rush to exit, but out of concern over […] The post Freightos Weekly Update: Demand rebound pushing rates up for early start to ocean peak season appeared first on Container News.