US importers balk at return of $10,000 container shipping rate
LOS ANGELES : The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000,
Container Rate Surge enters longest stretch since the Pandemic
NEW YORK : The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since
Ocean freight rates in rough waters on congestion, Red Sea crisis
LONDON : Indian traders are reeling under the impact of rising ocean freight rates, triggered by the Red Sea crisis and congestion at several key ports in the
Container spot rates expected to rise in June again
LONDON : Fears over a shortage of capacity have continued to push up container freight rates over the past week, hitting levels only previously seen during the pandemic.
Drewry: World Container Index up 151% on a Yearly Basis
LONDON : Drewry’s World Container Index increased 4% to $4,226 per 40ft container last week. Ocean spot market freight rates against 790 global port pairs
Global spot rates soar on Major Asia-Europe and Asia-US trades
LONDON : A combination of factors have combined to send global spot rates reaching for the skies onthe major trades out of Asia to Europe and the US
Drewry’s World Container Index increased 16% to $4,072 per 40ft container this week
Spot freight rates by major route Our assessment across eight major East-West trades: Ocean spot market freight rates against 790 global port pairs
Investments surge on strong demand outlook for LNG bunkering
LONDON : Drewry projects more than 1,000 LNG-fuelled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to
Drewry’s World Container Index increased 1% to $2,725 per 40ft container this week
LONDON : The composite index increased 1% to $2,725 per 40ft container this week and has increased by 55% when compared with the same week last year. The
Drewry : World Container Index down by 5% last week
LONDON : Drewry’s World Container Index decreased by 5% to $3,010 per 40ft container this week.