Spot rates on the Asia-North Europe trade surged to $1,256 per 20-foot container as carriers levied January general rates increases and volumes grew in the build up to Chinese New Year, according to the latest reading of the Shanghai Containerized Freight Index (SCFI).
21 Jan 2015
It will be “better luck” this year for loss-making Neptune Orient Lines as plummeting bunker fuel prices give a huge boost to the company’s cost savings drive, according to investment bankers DBS Vickers.
19 Jan 2015
Low bunker fuel prices are helping container shipping line balance sheets, but another impact will be improved schedule reliability as carriers can afford to speed up vessels to make up time lost to rising congestion at many ports around the world.
16 Jan 2015
Spot rates on the Asia-U.S. East Coast rose to their highest level in more than a year, suggesting that the rapidly deteriorating labor talks on the West Coast are driving cargo owners in search of alternative gateways.
07 Jan 2015
Trans-Pacific spot rates slipped 2.9 percent from last week but are expected to rise following a $1,000-per-container increase that carriers have announced for mid-January, Drewry Maritime Research said.
31 Dec 2014
Spot rates on the trans-Pacific have dropped nearly 20 percent in the two weeks following a historically high general rate increase, new data from Drewry Maritime Research shows.
30 Dec 2014
The year 2015 has not yet begun but is already promising to be one fraught with complexity and unpredictability for beneficial cargo owners in the eastbound trans-Pacific.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
19 Dec 2014
A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike.
18 Dec 2014
Holiday shoppers in Asia will have to deal with a little less Christmas cheer this year, as trans-Pacific shipments of Christmas trees from the U.S. Pacific Northwest are the latest casualty of West Coast port congestion.
17 Dec 2014
Spot rates in the eastbound trans-Pacific responded to carrier rate increase attempts by jumping about 40 percent this week, Drewry Maritime Research said.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.