Xeneta

Xeneta: Asia-US spot rates are nearing pandemic records after surging more than 320% since late February.

Shippers are leaving money on the table, an analyst says, if they don’t consider switching coasts for Asia import containers.

Far East shipping spot rates are softening slightly but remain high; declines are gradual and expected to continue in August.

Market intelligence firm Xeneta says the ongoing war in the Middle East will drive air cargo shipping rates higher this year

The Iran war is making it more expensive to ship a container from Asia to the U.S., thousands of miles from the conflict.   

Global repercussions of the Iran war are being felt throughout the supply chain, says an analyst, on sharp increases in ocean container rates.  

Xeneta: Iran tensions could delay Red Sea return  While ocean carriers wrangle with too many ships and too little cargo, continuing weak rates on the Asia-U.S. trade route are starting to show up on other benchmark shipping lanes.  “Average spot rates are down this week across all main fronthaul trades out of the Far East,” […]

The U.S. ocean container market is a tale of two coasts as carriers manage divergent conditions, notes analyst Xeneta. 

A supply and demand imbalance continues to weaken pricing on U.S. container trade routes as ocean carriers chase a softer market with more ships, particularly to the U.S. East Coast, Xeneta data shows.

A recent uptick in eastbound container rates couldn’t offset trans-Pacific prices that are 20%-30% lower than a month ago.

Container ships sailing through the Suez Canal marked the second-lowest weekly level amid talk of a return by the largest box carriers through the Mideast trade route. 

China sets new port fees, could bar U.S. ships in retaliation for charges on Chinese shipping set to take effect in October.

Container spot rates on the eastbound trans-Pacific reverse course as liner operators redeploy Chinese-built ships away from U.S. services ahead of punitive port fees. 

Rising average spot rates for some importers reversed the summer-long trend on containers moving from Asia to the United States as bigger shippers press carriers for better prices.

Supply chain data consultant Xeneta has acquired eeSea, a specialist in global carrier reliability data.

Container rates on the eastbound trans-Pacific braked their slide after tariffs fueled record volumes. 

The decline of ocean container rates on the critical Asia-U.S. route is unstoppable amid President Trump’s economic war on China and reset of global trade policy, says analyst Xeneta.

Shippers are stepping back from the trans-Pacific trade amid trade uncertainty and tariff fatigue.

https://www.freightwaves.com/news/us-taking-closer-look-at-ocean-carriers-antitrust-immunity

Container rates continue to soar, says Xeneta, as shippers look to take advantage of the pause in the China-U.S. tariff fight.