Each monthly update we will highlight one trending topic which has an effect on the global ocean freight market.
The ocean freight industry is at a pivotal moment. Climate policies are reshaping operations, with mid-term measures from the IMO and the EU ETS driving sustainability. Yet, 2024 is also one of the most profitable years in container shipping history, showcasing a delicate balance between green investments and financial performance.
Meanwhile, the return of HMM to the Transatlantic trade adds a layer of complexity as alliances shift.
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CAROZ’s eye opener:
The ocean freight industry is undergoing significant shifts. On one hand, climate policies like IMO’s mid-term measures and the EU ETS are reshaping the sector, pushing for sustainability. On the other, 2024 is shaping up to be the third most profitable year in history, with container rates peaking during July’s high season.
While carriers invest in dual-fuel vessels and transitional solutions like LNG, only 14% of new ships are ready for alternative fuels, and green fuel availability remains a major challenge. As regulations tighten, balancing profitability with decarbonization efforts will define the industry’s trajectory.
Adding to this dynamic, HMM is set to return to the Transatlantic trade lane after nearly seven years. In collaboration with ONE, HMM’s new TA1 service will connect Europe to California starting February 2025. With 11 vessels of 6,000 TEU capacity, this marks a strategic move as alliances continue to shift.
Want to know more?
Each monthly update we will highlight the developments within the Ocean freight market including the following topics:
- Trending topic: Sailing into 2025
- Rail & Air | Asia – Europe
- Space & rate developments
- Port developments & congestion
- Schedule reliability
- TEU per operator
- How to mitigate the risks
