Red Sea disruption, container freight rates, and shipper disputes

“Sinking margins of container liners will likely turn around in 1Q in wake of the Red Sea disruption,” in the opinion of ING THINK - an analytical research group under the ING umbrella. The hostilities in the Red Sea and Gulf of Aden are being watched closely in and around Washington, DC including at the Federal Maritime Commission (FMC) , the agency with regulatory oversight of liner shipping that touches US ports. The FMC announced that it will be holding an in-person hearing (with live-streaming), in early February, “to examine how conditions in the Red Sea and Gulf of Aden regions are impacting commercial shipping and global…