Container xChange

Stay flexible in a convoluted market, experts tell ocean shippers

Amid a global supply chain wracked by geopolitical strife, trade wars and parochial upheavals, the prospective return of the world’s largest container operators to the Red Sea-Suez Canal route is good news for most of the Middle East, but could signal leaner times for ocean transport providers, an analyst says.

“The opening of the Red Sea will lead to a drop in container [purchase] prices and freight rates and a massive surge in container availability, putting pressure on NVOCC [non-vessel...

https://www.freightwaves.com/news/stay-flexible-in-a-convoluted-market-experts-tell-ocean-shippers

Will container purchase prices continue their climb?

A strong shipping market helped secondhand container prices grow to an above-average finish in 2024, but it’s unclear whether that will be sustained heading into the new year.

“With inflationary pressures persisting and central banks maintaining higher interest rates for longer, container owners will face increased total asset costs,” said Christian Roeloffs, co-founder and chief executive of online marketplace Container xChange, in a forecast report. “This inevitably pushes breakeven leasing...

https://www.freightwaves.com/news/will-container-purchase-prices-continue-their-climb

Tariff threats roil North American container marketplace

Trade and tariff concerns are roiling an already volatile market and pushing up prices for shipping containers in North America, a new report says.

The region saw a 20% spike in average container prices over the past 90 days to lead a global surge on market volatility, U.S. election uncertainty and tariff fears, growing Mexico-U.S. trade, and logistical disruptions in Canada, according to the December forecast from box marketplace Container xChange.

Higher container prices — and freight rates —...

https://www.freightwaves.com/news/tariff-threats-roil-north-american-container-marketplace

Essential Measures for Minimizing Disruption Amid Ningbo Port Closure: Container xChange

Container xChange, an online container trading and leasing marketplace, is alerting the global container trading and leasing community to the serious repercussions of the recent explosion aboard the Yang Ming vessel YM Mobility at Ningbo Port, China.

This incident, which has led to the closure of one of the world’s busiest container terminals, is expected to have significant ripple effects across global supply chains, especially on the main trade lanes out of Asia.

On August 9, 2024, a container...

https://container-news.com/essential-measures-for-minimizing-disruption-amid-ningbo-port-closure-container-xchange/

Geopolitical volatility keeps YTD container leasing rates elevated

A YTD analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the beginning of 2024, indicating an uptick in demand for container leasing services and an increased financial burden on lessors, pointing to a potentially tighter market. The study also highlights persistently strong container trade patterns between China and Russia, Taiwan and India, and China and India, amongst other hot trade routes so far in this year 2024.

“China to...

https://container-news.com/geopolitical-volatility-keeps-ytd-container-leasing-rates-elevated/

Escalating Middle East tensions trigger projected surge in war risk premiums and freight rates

In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked to Israel, has reverberated throughout the maritime industry.

This development, occurring before the missile attacks on Saturday, 13 April 2024, underscores the deepening conflict in the region. Believed to be in response to an Israeli raid on the Iranian consulate in Syria, the capture has heightened concerns about the security of key trade routes and the stability of regional...

https://container-news.com/escalating-middle-east-tensions-trigger-projected-surge-in-war-risk-premiums-and-freight-rates/

China-US container leasing rates rise threefold, container demand recovery on the horizon

The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis.

Three months into this crisis, container leasing rates on the China-US trade route have surged dramatically, rising by a staggering 223%, or threefold, compared to pre-incident levels. Additionally, container demand is expected to recover in the coming months as the US economy exhibits signs of resilience.

The U.S. economy has exhibited resilience, with GDP...

https://container-news.com/china-us-container-leasing-rates-rise-threefold-container-demand-recovery-on-the-horizon/

Container rates surge amid Red Sea crisis

In response to the escalating Red Sea crisis, Container xChange, an online container logistics platform, has released a comprehensive report detailing the far-reaching effects on container trading and leasing rates worldwide.

The report explores the intricate dynamics of the crisis, shedding light on the unprecedented surge in container prices and leasing rates, as well as the ripple effect on global trade routes.

1. Impact of Red Sea Attacks on Container Prices

As container vessels take longer...

https://container-news.com/container-rates-surge-amid-red-sea-crisis/

Container xChange’s Annual Report: Demurrage and Detention Charges benchmark report 2023

Average Demurrage and Detention charges register a year-on-year decline of 25% in 2023, with a significant 14% decrease compared to the rates in 2020, as found by Container xChange’s annual Demurrage and Detention Charges benchmark report 2023.

However, there are still 11 ports where Demurrage and Detention fees remain higher as compared to 2020. These ports include Antwerp, Jebel Ali, Ningbo, Port Kelang, Rotterdam, Shenzen, Singapore, Tianjin, Xiamen, Hong Kong, and Guangzhou.

Fig 1: D&D fees...

https://container-news.com/container-xchanges-annual-report-demurrage-and-detention-charges-benchmark-report-2023/

+ More