Global container shipping hit a record in Q3 2024, moving 47 million TEUs which is 2% higher than the previous peak set during the pandemic period in 2021, according to John McCown of Blue Alpha Capital. Data from Container Trades Statistics (CTS) shows that global volumes for the first nine months reached 136.7 million TEUs,
Canada’s busiest ports have resumed operations after labor disputes disrupted container flows. On 14 November, the Canada Industrial Relations Board ordered an end to union worker lockouts and mandated binding arbitration in ongoing contract disputes. Earlier, port employers had locked out union workers on both coasts due to strike actions. The Vancouver Fraser Port Authority
The China-Mexico trade route has grown rapidly in 2024, with shipping volumes up 18.9% in the first nine months compared to 2023, according to Xeneta. June saw a record 135,724 TEUs moved between the two countries. This rapid growth has driven significant rate volatility. Spot rates on the China-Mexico West Coast route peaked six times
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