By Gavin van Marle (The Loadstar) – Spot freight rate levels on the major east-west container trades this week remained flat, as the third-quarter peak season swung into gear. It is…
freight rates
Slumping Freight Rates Telegraph Warning on Asian Crude Demand
(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight rates for a Very…
https://gcaptain.com/slumping-freight-rates-telegraph-warning-on-asian-crude-demand/
Spot Rate Surge to Continue Post-Golden Week
By Gavin van Marle (The Loadstar) – Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels, the largest east-west container…
https://gcaptain.com/spot-rate-surge-to-continue-post-golden-week/
Container Spot Rates Set to Rise Further
Ocean freight container shipping spot rates are set to increase further, but growth may be slowing, according to ocean freight rate benchmarking firm Xeneta. Xeneta data indicates average spot rates…
https://gcaptain.com/container-spot-rates-set-to-rise-further/
Container Price Bubble Expected to Burst in 2H 2024, Says Container xChange
Container xChange, a leading player in the global container shipping market, released its June market forecaster report, showing a significant 45% surge in container prices in China in May, while…
https://gcaptain.com/container-price-bubble-expected-to-burst-in-2h-2024-says-container-xchange/
Freight Rate Surge Recalls Covid ‘Chaos’
(Bloomberg) — Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply-chain managers flashbacks to the demand spike that disrupted…
https://gcaptain.com/freight-rate-surge-recalls-covid-chaos/
Container Freight Rates Stabilizing
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,…
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/