Containers are down by 12% this week; air cargo is down by 2%
Hello colleagues and interested parties
We are sharing the latest version of the cargo report for distribution.
The following highlights are worth noting:
1. Strait of Hormuz/Iran crisis:
a) The Strait of Hormuz disruption should not be read as a repeat of the Red Sea crisis: the latter triggered systemic Cape of Good Hope diversions, while Hormuz is primarily a regional access and volume shock around Persian Gulf trade flows.
b) The main impact is therefore not a wholesale restructuring of East–West liner networks, but the immobilisation and redeployment of vessel capacity in and around the Gulf.
c) Only 17 non-Iranian-linked containerships totalling around 127,000 TEU have exited the Strait since the conflict began, while 79 vessels totalling approximately 312,812 TEU remain idle in the Persian Gulf, with a further 28 ships operating as intra-Gulf feeders. ,286/FEU.
2. Transnet Rail Infrastructure Manager:
Rail reform continues to advance, with TRIM concluding Rail Access Agreements with all 11 allocated TOCs, increasing active operators on the national rail network from one to twelve and potentially adding 24 million tonnes of freight capacity, scaling to 52 million tonnes within five years across coal, manganese, containers, fuel and general freight corridors.
