Submitted:
01 October 2024
Posted:
01 October 2024
Read the latest preprint version here
Abstract
Keywords:
1. Introduction
2. Literature Review
3. Methodology
4. Findings
5. Discussion

6. Conclusion
Author Contributions
References
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| Geographical Area | Sector | Unit | Daily Average | Trend vs Dec 2023 Avg | |||
|---|---|---|---|---|---|---|---|
| 2023 | Dec | Jan | Jan | Feb | |||
| Gulf of Aden | Total | m GT | 4.64 | 4.83 | 2.13 | -56% | -71% |
| Containers | m GT | 1.91 | 1.75 | 0.16 | -91% | -92% | |
| Crude | m GT | 0.71 | 0.73 | 0.58 | -21% | -47% | |
| Products | m GT | 0.41 | 0.44 | 0.25 | -43% | -55% | |
| Bulkcarriers | m GT | 0.86 | 1.04 | 0.82 | -21% | -48% | |
| LNG | m GT | 0.27 | 0.36 | 0.13 | -66% | -100% | |
| LPG | m GT | 0.08 | 0.15 | 0.04 | -71% | -90% | |
| Car Carriers | m GT | 0.21 | 0.18 | 0.07 | -59% | -91% | |
| Suez Canal | Total | m GT | 4.44 | 4.40 | 2.27 | -48% | -62% |
| Containers | m GT | 1.87 | 1.72 | 0.45 | -74% | -79% | |
| Crude | m GT | 0.63 | 0.53 | 0.46 | -12% | -35% | |
| Products | m GT | 0.41 | 0.40 | 0.28 | -31% | -36% | |
| Bulkcarriers | m GT | 0.85 | 0.98 | 0.76 | -23% | -42% | |
| LNG | m GT | 0.27 | 0.29 | 0.14 | -53% | -100% | |
| LPG | m GT | 0.08 | 0.17 | 0.03 | -79% | -94% | |
| Car Carriers | m GT | 0.17 | 0.14 | 0.06 | -55% | -96% | |
| Cape of Good Hope | Total | m GT | 4.05 | 4.15 | 6.78 | 63% | 74% |
| Date | Ship | Flag | Attack type | Attack Results |
|---|---|---|---|---|
| 19 Nov. | Galaxy leader | Bahamas | Piracy | Captured |
| 24 Nov. | CMA CGM Symi | Malta | UAV | Damaged; Not altered course |
| 3 Dec. | Unity Explorer | Bahamas | Missile | Damaged; Not altered course |
| 3 Dec. | Number 9 | Panama | Missile | Damaged; Not altered course |
| 3 Dec. | Sophie II | Panama | Missile | Damaged; Not altered course |
| 11 Dec. |
Strinda Languedoc |
Norway French Navy |
Missile UAV |
Damaged; Not altered course Unsuccessful |
| 13 Dec. | Ardmore Encounter | Marshall Islands | Piracy, missile, and UAV | Unsuccessful |
| 14 Dec. | Maersk Gibraltar | Hong Kong | Missile | Unsuccessful |
| 15 Dec. | Al Jasrah | Liberia | UAV | Unsuccessful |
| 15 Dec. | MSC Palatium iii | Liberia | Missile | Unsuccessful |
| 16 Dec. | USS Carney | US Navy | UAV (14) | Unsuccessful |
| 18 Dec. | Swan Atlantic | Cayman Islands | Missile and UAV | Damaged; Not altered course |
| 18 Dec. | MSC Clara | Panama | Missile | Unsuccessful |
| 23 Dec. | Blaamanen | Norway | UAV | Unsuccessful |
| 23 Dec. | Saibaba | Gabon | UAV | Unsuccessful |
| 23 Dec. | Chem Pluto | Liberia | UAV | Unsuccessful |
| 26 Dec. | Msc united viii | Liberia | Missile | Unsuccessful |
| 30/31 Dec. | Maersk Hangzhou | Singapore | Piracy and missile | Unsuccessful (Houthi casualties) |
| 10 Jan. |
USS Dwight D. Eisenhower USS Gravely USS Laboon USS Mason USS Florida HMS Diamond |
US Navy Royal Navy |
Omnibus attack: UAVs, Cruise and ballistic missiles |
Unsuccessful |
| 11 Jan. | St. Nikolas | Marshall Islands | Piracy | Captured |
| 11 Jan. | Khalissa | Panama | Missile | Unsuccessful |
| 14 Jan. | USS Laboon | US Navy | Missile | Unsuccessful |
| 15 Jan. | Gibraltar Eagle | Marshall Islands | Missile | Damaged and Altered Course |
| 16 Jan. | Zografia | Malta | Missile | Damaged; and Altered Course |
| 17 Jan. | Genco Picardi | Marshall Islands | UAV | Damaged; Not altered course |
| 18 Jan. | Chem Ranger | Marshall Islands | Missile | Unsuccessful |
| 24 Jan. |
Maersk Detroit Maersk Chesapeake USS Gravely |
US Merchant Marine US Navy |
Missile | Unsuccessful |
| 26 Jan. | USS Carney | US Navy | Missile | Unsuccessful |
| 26 Jan. | Marlin Luanda | Marshall Islands | Missile | Unsuccessful |
| 28 Jan. | HMS Diamond | Royal Navy | UAV | Unsuccessful |
| Sector | Unit | Average | Trend vs Dec 2023 Avg | ||||
|---|---|---|---|---|---|---|---|
| 2023 | Dec | Jan | Jan | Feb | |||
| Shipping Markets | Container Freight SCFI | Index | 985 | 1,046 | 2,051 | 96% | 112% |
| Container Freight Shanghai-N.Eur | $/TEU | 832 | 935 | 2,987 | 219% | 191% | |
| Container Freight Shanghai-USEC | $/FEU | 2,505 | 2,564 | 4,872 | 90% | 159% | |
| Cont. Freight Future: SCFIS Dec-24 | $/TEU | 908 | 956 | 1,807 | 89% | 35% | |
| Containership TC Rate Index | Index | 94 | 67 | 70 | 3% | 21% | |
| Avg Crude Tanker Earnings | $/day | 53,605 | 53,458 | 59,503 | 11% | -3% | |
| Suezmax Earnings MEG-Med | $/day | 28,302 | 30,575 | 35,947 | 18% | 83% | |
| Avg Product Tanker Earnings | $/day | 32,028 | 36,892 | 28,435 | -23% | 31% | |
| LR2 Earnings MEG-UKC | $/day | 33,993 | 31,880 | 50,648 | 59% | 267% | |
| Chems 15kt parcel MEG-Med | $/mt | 104 | 84 | 97 | 16% | 52% | |
| K’max Bulk Earnings USEC-India | $/day | 14,988 | 26,822 | 22,458 | -16% | -17% | |
| S’Max Bulk Earnings USG-Japan | $/day | 19,772 | 28,842 | 21,854 | -24% | -21% | |
| VLGC Earnings USG-Japan | $/day | 95,706 | 132,113 | 107,900 | -18% | -84% | |
| LNG 160k Avg Spot Rate | $/day | 97,760 | 137,083 | 67,500 | -51% | -70% | |
| Re-Routing | Containerships Re-Routing via CoGH* | No. | - | 43 | 432 | ||
| Vessel Speeds | 17,000+ TEU Boxship Speed | Knots | 15.0 | 15.0 | 15.9 | 6% | 5% |
|
Commodity Prices |
Brent Crude | $/bbl | 82.2 | 75.9 | 77.5 | 2% | 8% |
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