Drewry World Container Index

Container shipping rates still falling: What will be the new normal?

photo of container ship; rates are normalizing but still very high

Which of these two is happier? Someone who wins $3 million in the lottery then blows $2 million in Vegas, or someone who wins $1 million in the lottery and puts it in the bank?

Containerized cargo shippers face the reverse emotional scenario. Who’s more content? A shipper who’s used to paying $1,500 per forty-foot equivalent unit and suddenly sees rates quintuple to $7,500? Or one who paid $1,500 per FEU for years, suddenly got slammed with crippling rates of $20,000 per FEU including premium...

https://www.freightwaves.com/news/container-shipping-rates-still-falling-what-will-be-the-new-normal

Container shipping rates: Still sky-high but falling back to Earth

container shipping rates

It’s still very expensive to ship containers full of goods across the oceans. Spot rates globally are still more than quadruple pre-pandemic levels. But rates are now materially lower than they were a few months ago — and falling by the week. The Shanghai Containerized Freight Index (SCFI) logged its 15th consecutive weekly loss on Friday.

In April, container shipping indicators were mixed. Some, like the SCFI, pointed lower. Others didn’t. As of mid-May, indicators are much more aligned:...

https://www.freightwaves.com/news/sky-high-container-shipping-rates-are-falling-back-to-earth

About that rate relief … ocean shipping costs are rising again

container shipping

The container shipping market calls to mind a famous Mark Twain misquote: “Reports of my death have been greatly exaggerated.”

The historic rate boom appears alive and well — bad news for cargo shippers and good news for container shipping investors.

There was a dip in spot prices over recent months from stratospherically high levels, but downward momentum did not continue. In several trade lanes, including Asia-to-U.S., rates are now gravitating upward yet again.

Global indexes rising

Different...

https://www.freightwaves.com/news/about-that-rate-relief-ocean-shipping-costs-are-rising-again

China port congestion falls sharply, trans-Pacific shipping rates retreat

container shipping

Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S. importers.

The case for calling the top: Chinese container port congestion has dramatically declined over recent weeks, Chinese factories are being plagued by power outages that constrain export capacity, and U.S. consumer sentiment is faltering.

The counterargument: U.S. port congestion remains historically high,...

https://www.freightwaves.com/news/china-port-congestion-falls-sharply-trans-pacific-rates-retreat

Container rates rocket even higher — and there’s no end in sight

Containers

Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating.

Different indexes come up with different numbers, and the premium charges on top of spot rates are now so high that index rates no longer capture the true cost of ocean shipping. However, when various indices all move in the same direction, it does reflect changes in the supply-demand balance.

That balance is tipping more to the detriment of cargo shippers with each...

https://www.freightwaves.com/news/container-rates-rocket-even-higher-and-theres-no-end-in-sight

Drewry’s Container Port Throughput Indices Reaches Highest Ever Level

  • The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes.
  • The base point for the indices is January 2012 = 100.

Drewry issues a Global container port throughput indices report of latest assessment.

Highest Ever Throughput Level

In March 2021, the Global Container Port Throughput index climbed to its highest-ever level of 140.8, showing a gain of...

https://mfame.guru/drewrys-container-port-throughput-indices-reaches-highest-ever-level/

Hike in Container Shipping Rates As Consumer Demand Increases

  • Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S.
  • After peaking in late 2020 and not budging much through the first quarter, the rate for a 40-foot container to Los Angeles from Shanghai hit $4,403 last week.
  • It is the highest in Drewry World Container Index data going back to 2011.
  • Cargo shippers on less-traveled transatlantic routes are feeling the sting, too: Rotterdam to New York surged to...

https://mfame.guru/hike-in-container-shipping-rates-as-consumer-demand-increases/

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