Container spot rates

Spot Rates Hit New High In The European Region

  • Spot rates to the west coast jumped to a record $3,758 per 40ft, 129% higher than at the beginning of the year.
  • Spot rates to the east coast ports increased to the market rate of $4,538, 72% greater than a year ago.
  • Meanwhile, the European spot market was found to be less frantic, with SCFI reading for North Europe edging up to $1,042 per teu.

The China to US components of today’s Shanghai Containerized Freight Index (SCFI) recorded another big jump in spot rates, after the implementation by...

https://mfame.guru/spot-rates-hit-new-high-in-the-european-region/

Container Spot Rates Positive At $ 4000 in Transpacific Tradelane

  • The Shanghai Containerized Freight Index (SCFI) is on a positive trend this week, with its comprehensive index ticking up another 16 points today to 1,184.
  • These rates are fast catching up with the longer east coast route, as shippers look to speed up their supply chains.
  • According to eeSea data, capacity on the transpacific will exceed carriers’ proforma levels in September.
  • European components of the SCFI moved ahead modestly this week, with North Europe up just over 1%, to $937 per teu, and...

https://mfame.guru/container-spot-rates-positive-at-4000-in-transpacific-tradelane/

Container Spot Rates Climb Up for 18 Months While US Imports Shrivel!

  • Transpacific spot rates hit highest level for 18 months, but US imports are drying up.
  • SCFI records a second massive spike of over 25% in three weeks to take the spot rate to double the rate recorded by the index at this time last year.
  • Carriers have already started to unblank some of the 120 cancelled headhaul sailings in order to take advantage of the market conditions.
  • US/China trade war is another factor that has prompted a bout of forward bookings by shippers that has left inventory...

https://mfame.guru/container-spot-rates-climb-up-for-18-months-while-us-imports-shrivel/

Do Not Hike Freight Rates Unfairly! Warns FMC!

  • Spot rates soar as shipping resumes, but carriers are warned not to take advantage.
  • The FMC has been monitoring the blanked sailings on the route and discussing with ocean carriers the levels of service and resumption of normal trade.
  • US retailers are beginning to run low on imported goods. 
  • Shanghai Containerized Freight Index soared 18.3% last week to the US west coast, to $1,610 per 40ft, and jumped 8.7% for east coast ports to $2,912 per 40ft.

As the supply chain begins to ease in China,...

http://mfame.guru/do-not-hike-freight-rates-unfairly-warns-fmc/

Container Spot Rates Holding Up Amidst Booking Inquiries

  • Container spot rates from China fell slightly this week, as carriers decided it was futile to discount cargo that is currently unavailable, with container lines receiving numerous booking enquiries for March end.
  • With respect to the rates in the face of the coronavirus crisis, CCFI inched down by only 1.8% this week.
  • With a record number of blank sailings along with potential equipment shortages, spot rates are expected to jump during April as demand exceeds supply on the route.

Container spot...

http://mfame.guru/container-spot-rates-holding-up-amidst-booking-inquiries/

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