freight rate

Air cargo sector rides elongated peak season to strong finish

The air cargo sector has entered the busy season for cross-border shipping on a remarkable nine-month run, and logistics experts say the momentum will carry into the first quarter of 2025, a time of year when volumes typically recede after the retail sector’s holiday rush.

Volumes year to date are about 12% higher than at last year’s three-quarter mark, according to an average of industry datasets. 

Global air cargo spot rates this month reached new highs for the year as demand continues to...

https://www.freightwaves.com/news/air-cargo-sector-rides-elongated-peak-season-to-strong-finish

OFFICIAL: freight rate surge was caused by market forces; shipping competition is “vigorous”, the U.S. Federal Maritime Commission declares after two year probe

Pictured: a ship sailing toward the dawn. High freight rates of recent years were driven by market forces and the shipping industry is competitive – that is now OFFICIAL. Photo credit: via Pixabay.

High ocean freight rates of recent years were caused by the market forces of supply and demand in a supply chain challenged by the COVID-19 pandemic and an unprecedented surge in consumer demand.

That’s the OFFICIAL finding from the U.S. Federal Maritime Commission, which has carried out a two-year...

https://www.shippingaustralia.com.au/official-freight-rate-surge-was-caused-by-market-forces-shipping-competition-is-vigorous-the-u-s-federal-maritime-commission-declares-after-two-year-probe/

Container Shipping Has A Profitable Year Amidst COVID Challenges

There is money to be made by both carriers and tonnage providers as volumes defy usual seasonality and remain strong into the fourth quarter of the year, writes BIMCO CEO, Peter Sand in an article published on their website.

On top of that, low bunker prices –, one of the keys to high profitability this year – look set to stick around.

However, with COVID-19 cases on the rise again, and a slow recovery the outlook for next year, things aren’t all rosy for container shipping.

Demand drivers and...

https://mfame.guru/container-shipping-has-a-profitable-year-amidst-covid-challenges/

Hapag-Lloyd Maintains 2020 EBITDA Despite COVID-19 Demand Fluctuations!

Hapag-Lloyd maintains its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, reports The LoadStar.

First-quarter EBITDA

Hapag-Lloyd announced that it was maintaining its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, due to the coronavirus pandemic.

It posted a first-quarter EBITDA of €469m ($507.8m), a decline of €20m from the same period last year.

Reason for EBITDA decline

The decline in EBITDA was largely due to the impact of...

https://mfame.guru/hapag-lloyd-maintains-2020-ebitda-despite-covid-19-demand-fluctuations/

Global Shipping Recovers from 2020 As Tanker Market Grows

According to IHS Markit, the global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, reports the Gulf Today.

2020 Optimism?

The international shipping industry is responsible for the carriage of around 90 per cent of world trade. Shipping is the life blood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw...

http://mfame.guru/global-shipping-recovers-from-2020-as-tanker-market-grows/

SONAR’s New Index Unveils Maritime and Intermodal Spreads To The Midwest

According to an article published in Freight waves, experts regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers.

The SONAR series

To help keep SONAR users informed, they deliver a brief recap of newly released data sets, market indices, and product feature improvements in the SONAR series.

More than a year ago, they released the Panama spread, which shows the difference in the cost of moving an ocean container from China to...

http://mfame.guru/sonars-new-index-unveils-maritime-and-intermodal-spreads-to-the-midwest/

Spike in Tanker Oil Rates Seep into Fuels

  • An increase in freight rates has been attributed to US sanctions and geopolitical risks.
  • Prices of oil products such as gasoline and diesel are being forced to adapt in order to enable trade.
  • More expensive shipping gets, the higher a buyer has to bid and/or the lower a seller has to offer in order to make the trade viable.
  • The value of diesel relative to crude in Europe – a net diesel importer – has edged up to its highest since 2018.

According to an article published in Gulf Times,...

http://mfame.guru/spike-in-tanker-oil-rates-seep-into-fuels/