The eight-week long service offers roughly two-week faster transit than traditional east-west routes that now generally sail around the Cape of Good Hope due to Red Sea diversions.
While the extreme volatility and withdrawal spikes of the pandemic era have concluded, the pre-2020 expectation of single-digit capacity withdrawal is structurally obsolete, the analyst says.
The sector is adding and expanding terminals, but data shows its overall door count is still almost 5% below its COVID-era 2022 peak.
