Xeneta (XSI-C) Archives - Maritime Shipping News

Asia-USWC spot rates spike as Chinese New Year holiday looms

21 January 2022

Container spot rates from Asia to the US west coast spiked this week, ahead of the Chinese New Year holiday on 1 February.
Drewry’s WCI US west coast component put on 5%, to $11,197 per 40ft, while the Freightos Baltic Index (FBX), which includes an element of premium fees, gained 3.5%, to $15,139.
For the US east coast, there were mixed messages from the spot indices, with the WCI up 2% on the …

The post Asia-USWC spot rates spike as Chinese New Year holiday looms appeared first on The Loadstar.

https://theloadstar.com/asia-uswc-spot-rates-spike-as-chinese-new-year-holiday-looms/

‘Stick or twist’ – do shippers play the spot market or go for fixed-rate contracts?

7 January 2022

Volume shippers offered new long-term fixed-rate contracts by container lines are, nevertheless, still keen to keep a foot in the door of the spot market.
The extreme volatility of the spot market saw many shippers get their fingers badly burned over the past 18 months as rates were turbocharged by supply constraints and strong consumer demand.
But if port congestion eases and demand softens, short-term market rates could head south again quite …

The post ‘Stick or twist’ – do shippers play the...

https://theloadstar.com/stick-or-twist-do-shippers-play-the-spot-market-or-go-for-fixed-rate-contracts/

Forwarders ‘fear the worst’ and ‘don’t have a clue’ on shipping rates next year

10 December 2021

Container spot rates are edging up again across most tradelanes, with a big spike expected in January ahead of the Chinese New Year holiday.
According to today’s Ningbo Containerized Freight Index (NCFI), 15 of its 21 routes recorded modest increases against a continuing backdrop of tight capacity.
And from Asia to North Europe, Drewry’s World Container Index (WCI) was flat, at $13,564 per 40ft, the Freightos Baltic Index (FBX) ticked up 1%, …

The post Forwarders ‘fear the worst’ and ‘don’t have...

https://theloadstar.com/forwarders-fear-the-worst-and-dont-have-a-clue-on-shipping-rates-next-year/