Freight News, Sea

Asia/Europe shipping capacity plunges

[ December 17, 2024   //   Chris Lewis ]

Red Sea disruption triggered one of the largest realignment of global shipping routes in recent years, with Asia-Europe maritime capacity plunging by 33% from 2023 to 2024, according to routing solutions provider Fluent Cargo.

The data showed capacity reductions across all major maritime routes but a rise in regional shipping networks, particularly in Asia.

Despite capacity reductions, the Asia-Europe corridor remains the world’s busiest maritime route, followed by Asia-North America.

“The massive rerouting we’re seeing around the Red Sea highlights why unified data is critical,” said Fluent Cargo’s chief technology officer, Andrew Greig. “When disruptions occur, organisations need a single source of truth about alternative routes, real-time tracking, and capacity impacts. More organisations are needing to consolidate essential data in order to quickly identify and execute the most efficient alternative routes.”

In air freight, the Chicago O’Hare-Anchorage corridor leads global routes with 25,317 tons weekly capacity.

Fluent Cargo has recently expanded its routing solutions with a multimodal tracking service. The company has also established partnerships with DP World and Hellmann Worldwide Logistics.

Tags: Fluent Cargo