Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

BofA tracks shipping data showing Red Sea transit recovery

Bank of America released its latest shipping and supply chain data tracking report, showing container shipping through the Red Sea has recovered to 65% of normal levels in the past two weeks.

  • Container shipping through Red Sea reaches 65% of pre-pandemic levels
  • Global port congestion drops to 10% of fleet capacity
  • Tanker spot rates fall from recent highs but remain elevated

More from Thursday 29 October →