|
US: Late-June hikes collapsed within a week (USWC -20%+). Early August PSS may lift rates slightly. Europe: FAK rates raised to N. Europe. Sustained demand & Red Sea diversions support moderate Aug FAK/GRI increases. Middle East: Iran-Iraq conflict & Red Sea tensions caused cancellations/delays, lifting rates. Key Driver: Geopolitical/policy uncertainty drove volatility. Middle East/India routes face continued pressure, potentially pushing rates higher. August Risks: Volatility: Expect tight space & rate spikes → Book early. Rate Disputes: Carriers using "spot hikes + priority space" → Clarify quote validity. Delays: High risk (ME, Red Sea, India-Pak) → Monitor destinations & plan contingencies.
|