Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?
As stimulus-fueled demand overwhelms trans-Pacific capacity, a widening freight spread leaves small shippers behind.
Disparities between container index prices wider than ever after big course correction by Freightos.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
Maritime rates are still soaring as ports stay backlogged, but could a federal mask mandate help alleviate some of the issues?
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.
We’ve got a 45’ container of stacked show today with all the latest news on global trade tensions, the numbers on how the trade war is impacting shippers, Xeneta CEO and Co-Founder Patrik Berglund dials in, and in correction corner former Roanoke Trade board member, owner, VP…and also Dooner’s dad Jerry Dooner schools us on General Average!
With spot container freight rates continuing to tumble, carriers are forecast to withdraw more capacity ahead of annual contract negotiations with shippers.
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Trade would sort itself out in the longer run post-Brexit, but it is hard to forecast when that would happen.
Xeneta is a freight rate benchmarking platform focusing on ocean freight. It aggregates rate data from various companies into a platform and provides market average rates, lows and highs to its customers.
