Notably, Hapag-Lloyd’s departure from THE Alliance and Maersk’s withdrawal from the 2M agreement have disrupted previous market structures, leading to increased rate competition as carriers adjust their strategies in the evolving landscape.
Oil prices fell on Monday, 10 March 2025, as concerns over escalating US tariffs and rising OPEC+ supply weighed on market sentiment. Broader economic uncertainty and weakening demand expectations further reinforced the bearish outlook.