The Drewry World Container Index fell in the latest week’s data on lower spot rates for trans-Pacific and Asia-Europe headhaul routes.
A global ocean container index rose 7% amid rate adjustments on key trans-Pacific and Asia–Europe routes.
Ocean container rates on the Asia-U.S. trade lane continue to fall, according to Drewry’s latest data.
Ocean container rates are surging after the tariff ceasefire stoked demand from China to the United States.
The latest Drewry World Container Index finds ocean container rates down from pandemic highs but still above pre-pandemic levels.
Spot rates are back above breakeven and Zim’s costs are falling.
After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.
Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they’re next in line.
Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.
Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.
Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.
Container shipping spot rates are easing, at least temporarily, and far fewer ships are stuck waiting off U.S. ports.
After brief reprieve, trans-Pacific shipping rates head back up, pointing to ongoing supply chain pressure.
Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?
Disparities between container index prices wider than ever after big course correction by Freightos.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
