The week's market,
from the waterline.
Every week we round up container freight rates and Gulf & UAE trade news — and what they mean for cargo moving on our lanes.
Hormuz deal stalls as Fujairah and Khor Fakkan waits double
The Iran–Oman Hormuz deal is still unsigned, container waiting times at Fujairah and Khor Fakkan doubled in a week, and DP World's half-year profit fell 39%.
Read the editionRates rebound as a Hormuz reopening deal nears and Shanghai sets a record
Drewry's container index rose 1% after three weeks of decline, an Iran–Oman deal to reopen the Strait of Hormuz awaits sign-off, and Shanghai set a single-day throughput record.
Read the editionRates fall a third week as Hormuz drags on and reliability slips
Drewry's container index fell for a third week as the Strait of Hormuz stayed shut, global schedule reliability slipped to 62.6%, and Khor Fakkan handled record diverted volumes.
Read the editionGulf crisis widens as Houthis blockade Saudi Arabia, rates ease
Container spot rates eased again as the Houthis declared a naval blockade of Saudi Arabia, the Strait of Hormuz stayed shut, and DP World signed two new Fujairah terminals.
Read the editionContainer rates slip as Hormuz closure chokes Gulf feeder traffic
Drewry's WCI slips 2% as the peak season crests, while the Strait of Hormuz closure and the attack on feeder GFS Galaxy reshape Gulf container flows.
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