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 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/

Demurrage Report: World’s Top 5 Most Expensive Ports are in the US

Credits: Venti views/Unsplash

Demurrage and Detention (D&D) charges imposed on US shippers by container lines continue to be the most expensive in the world and have increased this year even as global average fees have fallen from the record highs of 2021, reports Transport & Logistics quoting Container xChange.

Demurrage & Detention Benchmark 2022 report

Container xChange’s Demurrage & Detention Benchmark 2022 report, published today, ranks the most expensive global ports for D&D charges levied...

https://mfame.guru/demurrage-report-worlds-top-5-most-expensive-ports-are-in-the-us/

Far East Land Bridge increases fleet efficiency through Container xChange

Far East Land Bridge (FELB), a railway operator with services between Europe and Asia, has found success in balancing its fleet and decreasing idle time through its collaboration with an online container logistics firm, Container xChange.

With a fleet of 2,600 containers, FELB sought a solution to rapidly hire additional units during times of high demand and prevent vacant shifting costs during periods of low demand.

According to the statement, in 2018, FELB joined Container xChange’s leasing...

https://container-news.com/far-east-land-bridge-increases-fleet-efficiency-through-container-xchange/

Container xChange sees warehouses overflowing and possible rebound in box rates in March

Hamburg-based Container xChange, an online platform for container logistics, has released its container market forecast for March.

While most industry participants anticipate a rebound in container prices in the coming months, Container xChange reported that the Container Price Sentiment Index (xCPSI) is expected to be positive by the beginning of March 2023.

Since February, approximately 2,700+ industry experts have engaged in mood analysis questionnaires in which Container xChange inquired...

https://container-news.com/container-xchange-sees-depots-overwhelmed-and-possible-rebound-in-box-rates-in-march-forecast/

Major box carriers to raise peak-season levy for India-US trades

After a brief gap that has seen some signs of freight rate softening and corrections, container lines actively operating on India-US trades are looking to capitalise on expected peak season cargo movements.

Mediterranean Shipping Co. (MSC) seems to lead that rate push. The Geneva-based liner, which has three weekly connections out of West India for the US East Coast, has significantly jacked up peak season surcharges it had earlier planned to apply from 4 July.

The PSS levy has been increased to...

https://container-news.com/major-box-carriers-to-raise-peak-season-levy-for-india-us-trades/

Freight forwarders turn to SOCs to face global container shortage

The percentage of top 50 freight forwarders accepting shipper owned container (SOC) requests grew from 6% in 2019 and 10% in 2020 to 18% in 2021, according to the annual ‘Mystery Shopping SOC report’ by Container xChange, an online container marketplace.

“Though there is considerable improvement in demand for SOCs, the major forwarders are yet to fulfill the demand for the boxes on the route from China to Germany,” commented the Hamburg-based company.

“SOC increases reliability for empty...

https://container-news.com/freight-forwarders-turn-to-socs-to-face-global-container-shortage/

Container xChange warns of ‘ripple effect of disruptions one after the other’

Despite the fast turnaround of containers, the latest partial port lockdowns in China as a result of the country’s zero-COVID policies have supply chain operators voicing concern.

“As the omicron variant brings more disruption, with Chinese New Year around the corner and some ports including Ningbo already facing lockdowns, we are expecting a volatile start to the year for ocean freight logistics,” said Johannes Schlingmeier, co-founder and CEO of Container xChange, an online marketplace for...

https://www.freightwaves.com/news/container-xchange-warns-of-ripple-effect-of-disruptions-one-after-the-other

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.