Tradelanes Archives - Maritime Shipping News

China Lists Box-shipping Futures for Tradelanes To Europe

22 August 2023

Credits: Guillaume Bolduc/Unsplash

China has made a new attempt to create a container shipping futures product, listing the Containerized Freight Index Futures (Europe Service) on the Shanghai International Energy Exchange, reports the Loadstar.

Hedging in container shipping

The Chinese government aims to enable hedging in container shipping and boost its influence in international transport. Denominated in Chinese yuan, the futures are based on the Shanghai Containerized Freight Index’s settled...

https://mfame.guru/china-lists-box-shipping-futures-for-tradelanes-to-europe/

Giant Ship Stuck in the Suez Canal Is Finally Free, 357 Vessels Pass Across

29 March 2021

The Suez Canal is set to resume operations today after the 20,388 teu Ever Given was re-floated overnight, reports the Loadstar.

Ship refloated!

While the vessel’s bow remained stuck on one side of the waterway yesterday morning, the high spring tide yesterday afternoon allowed salvors to re-float the entire ship and unblock the waterway after a week of closure.

According to the Suez Canal Authority (SCA), the vessel will now be towed to the Bitter Lakes area for technical inspections, opening up...

https://mfame.guru/giant-ship-stuck-in-the-suez-canal-is-finally-free-357-vessels-pass-across/

Container return date upheaval by the numbers

20 October 2020

U.S. agriculture and forest product exporters are counting the ways and dollars it costs them when ocean carriers without warning change the dates for container arrivals at marine terminals.

The Washington-based Agriculture Transportation Coalition (AgTC) and supply chain technology firm TradeLanes recently reached out to hundreds of American shippers to survey the operational and financial impacts of earliest return date (ERD) fluctuations on their businesses.

The AgTC and TradeLanes have...

https://www.freightwaves.com/news/container-return-date-upheaval-by-the-numbers

Container Spot Rates Tumble Lowering the SCFI Index

13 October 2019

Shanghai Containerized Freight Index (SCFI) saw container spot rates tumble across the board on September 20, reports The Loadstar.

This resulted in the SCFI comprehensive index losing a further 4.1% points to 734, which is some 18% below the level of a year ago.

Rate decline at major tradelanes

The two major tradelanes, Asia, Europe, and the transpacific, both suffered rate declines due to negative market fundamentals, as a very disappointing third quarter draws to a close for ocean carriers.

Spot...

http://mfame.guru/container-spot-rates-take-a-hit-putting-the-scfi-index-extremely-low/