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.
Red Sea crisis : Indian exporters save on higher shipping costs as importers start sharing burden
NEW DELHI : Even as the Red Sea crisis pushes up shipping expenses, Indian exporters are getting some relief from the higher cost burden by negotiating rates afresh
Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’
Trouble ahead: Container shipping rates sinking further into the red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates
Drewry: World Container Index Up 1% last week, But 77% down on last year
LONDON : Drewry’s composite World Container Index increased by 1% to $1,763.28 per 40ft container this week.
Container spot rates on a ‘likely recovery path’: HSBC
LONDON : Spot container freight rates have stabilised and HSBC Global Research notes sign of a recovery in its latest report. n its Global Freight Monitor HSBC noted
Drewry’s World Container Index knocks January 2020 levels, but will the spring leave the winter fa
The Drewry’s World Container Index (WCI) dipped to US$1,791 on 16 March 2023, recording its 50th week of dips over the last year. The rates have fallen on all routes
ZIM sets floor for Transpacific contract container rates
HAIFA : Annual contracts are being negotiated between shippers and lines on the Transpacific container trade ZIM warns if rates are too low it will stop sailing. Container