Hong Kong - - In its latest Global Freight Monitor HSBC Global Research says its base case is that lines to take until the mid-2025 to revert their networks between Asia – Europe/Med and US East Coast to transiting via the Red Sea and Suez Canal rather than diverting via the Cape of Good Hope, which help keep the supply of tonnage tight in the first six months of the year.

Spot rates have fallen sharply in recent weeks ahead of the current Lunar New Year holidays in Asia. On top of this the report by HSBC noted . . .