Dry bulk shipping rates experienced substantial upward momentum during early November as the Baltic Dry Index climbed to 2,125 points on November 14, representing significant recovery from October lows and marking strongest performance since mid-summer months. The composite index, which factors rates for capesize, panamax, and supramax vessels transporting commodities including iron ore, coal, grains, and building materials, gained 95 points in single session reflecting tight

Container shipping operators confronted mounting uncertainty regarding potential Red Sea transit restoration following recent ceasefire developments, whilst spot freight rates experienced divergent trajectories across major East-West trades amid persistent overcapacity pressures. Drewry's World Container Index declined 2% to $1,806 per forty-foot container during week ending 27 November, driven primarily by continued transpacific weakness. Shanghai-Los Angeles rates fell 4% t

Maersk and Hapag-Lloyd's Gemini Cooperation achieved schedule reliability above 90 per cent in its initial months of operation, providing operational stability even as container spot rates continued declining through early November amid weakening seasonal demand. The alliance, fully implemented in June 2025, operates approximately 340 vessels across 57 services with total capacity of 3.7 million TEU focused on East-West trades. Transpacific eastbound on-time performance reach