By Gavin van Marle (The Loadstar) – While container spot rates on the Asia-Europe and Asia-North America trades continued to remain elevated, year on year, due to the Red Sea crisis,…
freight rates
Container Shipping Rates Unaffected by Baltimore Key Bridge Collapse, Xeneta Says
The recent collapse of the Francis Scott Key Bridge in Baltimore has not led to an increase in ocean freight container shipping rates, according to ocean freight rate benchmarking firm…
Carriers Unveil New FAK Hikes in Bid to Halt Asia-Europe Rates Slide
By Gavin van Marle (The Loadstar) – Container spot freight rates on the main deepsea east-west trades continued their gentle descent over the course of this week, despite the ongoing vessel…
https://gcaptain.com/carriers-unveil-new-fak-hikes-in-bid-to-halt-asia-europe-rates-slide/
Transpacific Carriers May Have Edge as Contract Season Looms
By Mike Wackett (The Loadstar) – Transpacific ocean carriers are holding on to as much of their Red Sea crisis-induced gains as they can, heading into contract talks with BCOs, shippers…
https://gcaptain.com/transpacific-carriers-may-have-edge-as-contract-season-looms/
Spot Rates Roller Coaster for Container Shipping
By Mike Wackett (The Loadstar) – Container spot rates on the transatlantic shot up this week and, ahead of Chinese New Year tomorrow, transpacific rates carried on climbing, while Asia-Europe rates…
https://gcaptain.com/spot-rates-roller-coaster-for-container-shipping/
Red Sea Crisis: Surge in Ocean Freight Rates Outpaces COVID-19
Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the Covid-19 pandemic, reports Xeneta, an…
https://gcaptain.com/red-sea-crisis-surge-in-ocean-freight-rates-outpaces-covid-19/
Xeneta Sees Freight Rates Rising Further Amid Red Sea Crisis
Shipping rates are expected to continue their upward trend in early February due to the ongoing crisis in the Red Sea, according Xeneta’s freight rate benchmarking platform. The platform’s projections…
https://gcaptain.com/xeneta-sees-freight-rates-rising-further-amid-red-sea-crisis/
Carriers Seek Balance of Speed and Cost to Mitigate Suez Canal Diversions
By Mike Wackett (The Loadstar) – As long as they are able to obtain premium rates, ocean carriers could decide to increase the service speed of their ships on the Asia-North…
https://gcaptain.com/carriers-seek-balance-of-speed-and-cost-to-mitigate-suez-canal-diversions/
Surge in Freight Reverberates Through the Global Oil Market
(Bloomberg) — A surge in freight rates is prompting crude buyers in Asia to shift more purchases to Middle Eastern oil, aiding spot market prices. The jump in shipping costs,…
https://gcaptain.com/surge-in-freight-reverberates-through-the-global-oil-market/
Failure of Rate Increases Points to Tough Times Ahead for Ocean Carriers
By Mike Wackett (The Loadstar) – Notwithstanding three attempts at GRIs (general rate increases) in 45 days, Asia-North Europe container spot rates have so far remained stubbornly low, which will…