‘Trouble ahead’ for carriers as US/China trade spat heats up again
The sharp escalation in the US/China trade war could see some short-term front-loading gains for transpacific carriers on the headhaul route, but it spells trouble longer-term, particularly on the...
View ArticleAugust will ‘get a little rough’ for Asia-North Europe shippers
Despite the alliances blanking over 150,000 teu of capacity during the peak season and adopting an aggressive policy of selective rollovers, Asia-North Europe ocean carriers have so far been...
View ArticleTranspacific rates take a tumble as trade war ripples spread
Efforts to push rates up on Asia-North Europe trades are still failing, and carriers are now also beginning to feel the pinch from the China-US trade wars. The Shanghai Containerised Freight Index...
View ArticleEuropean carriers still suffering, but transpac lines receive a ‘tariff’ boost
This week’s Shanghai Containerized Freight Index (SCFI) recorded further declines for Europe, but transpacific tradelanes rebounded as shippers struggled to digest the latest barrage of US/China trade...
View ArticleOcean carriers fight seasonal downturn by blanking more voyages
Spot container freight rates on the transpacific and Asia-Europe are coming under intense pressure ahead of a weak outlook for the markets following China’s Golden Week holiday factory shutdown the...
View ArticleSpot rates in freefall, carriers now mull blanking voyages without notice
Container spot rates on the key Asia-to-Europe and transpacific tradelanes are in freefall, prompting carriers to consider cancelling voyages without notice. The Shanghai Containerized Freight Index...
View ArticleShipping lines ‘at mercy of forwarders’ who won’t commit, with blank sailings...
Today’s Shanghai Containerized Freight Index (SCFI) saw container spot rates tumble across the board, resulting in the SCFI comprehensive index losing a further 4.1 percentage points to 734, which is...
View ArticleContainer rates plunge to $500 or less from Asia to North Europe
In its final assessment before China’s Golden Week holiday shutdown, the Shanghai Containerized Freight Index (SCFI) stayed red for Europe and flatlined for US ports. With the peak season over,...
View ArticleContainership charter rate boom peters out as carriers sail into slack season
The scrubber-charged spike in containership charter rates could be coming to an end, according to Alphaliner. Ocean carriers are battening down the hatches on operating costs to mitigate the impact of...
View ArticleStressed carriers hold their breath during Golden Week as contract talks loom
China’s Golden Week traditionally marks the start of the slack season on the major tradelanes of Asia-Europe and the transpacific. Before this week’s Chinese national holiday, container spot rates, as...
View ArticleCarriers still mired in spot rate doldrums as slack season sets in
Today’s Shanghai Containerized Freight Index (SCFI) shows no sign of a recovery with spot rates for most trades still dropping, following a break for China’s Golden Week holiday. The Asia-North Europe...
View ArticleCarriers may have halted container rate erosion, just as contract talks loom
Asia-North Europe ocean carriers are preparing big increases in FAK rates next month, after squeezing capacity on the route with blanked sailings and a suspended loop. Maersk has advised its customers...
View ArticleNovember on course to be the crunch month for ocean carriers
November will be a decisive month for ocean carriers as they go all out to push up container spot rates on the key tradelanes of Asia=Europe and the transpacific. According to Alexander Borulev,...
View ArticleCarriers eye more FAK rate hikes as spot rate improvement tapers off
Following a 19% jump last week, the North Europe component of the Shanghai Containerized Freight Index (SCFI) today recorded a modest 3.1% gain, to $729 per teu. The 1 November FAK hikes by carriers,...
View ArticleTranspacific routes hit hardest as container spot rates take another tumble
Container spot rates across the board fell this week, according to today’s reading of the Shanghai Containerized Freight Index (SCFI). Overall, the index shed 4.8% as all but a few minor routes saw...
View ArticleTranspacific spot rate slump continues amid global trade uncertainty
Today’s Shanghai Containerized Freight Index (SCFI) saw spot rates tumble again on the transpacific, as softening demand reflected the impact of US tariffs on Chinese imports. Rates from Asia to US...
View ArticleCarriers unveil rate hikes and surcharges ahead of CNY cargo rush
Ocean carriers are launching a raft of GRI and FAK rate increases next week to take advantage of an expected cargo rush ahead of the early Chinese New Year (CNY) holiday in January. The lunar festival...
View ArticleXmas bonus for box carriers as demand soars and spot rates rocket
Container spot rates to the Mediterranean rocketed by more than 40% this week, according to today’s Shanghai Containerized Freight Index (SCFI). Rates from Asia to Mediterranean ports increased by...
View ArticleFull ships and threat of rollovers keep ocean rates ‘healthy’
CMA CGM will raise its Asia-North Europe 40ft FAK rate by 18% on 1 January to $2,600, responding to tightening capacity ahead of Chinese New Year holiday. Indeed, carriers The Loadstar has spoken to...
View ArticleFestive boost for container lines as tighter supply pushes up spot rates
Container spot rates from Asia to Europe and the US soared in the final weeks of 2019, boosted by tightening supply and low-sulphur surcharges. According to the latest Shanghai Containerized Freight...
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