Freightos Weekly Update: Red Sea container traffic set for full return in Q1

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Freightos expects container traffic through the Red Sea to return fully in the first quarter, despite continuing risks from Iranian and Houthi attacks on shipping. The update describes mixed regional maritime conditions, including increased crude exports and oil prices near $100 per barrel.

Trends in international ocean logistics seem even more confusing than usual lately: more Iranian attacks but more Hormuz traffic; more crude exports but oil prices still around $100 per barrel; more risk of Houthi attacks on passing ships, but more container vessels returning to the Red Sea anyway. Iran has stepped up the frequency of […] The post Freightos Weekly Update: Red Sea container traffic set for full return in Q1 appeared first on Container News.