Long-term container contract rates jump a record 28.1% in July
Xeneta’s latest XSI Long-Term Public Indices, which uses crowd-sourced data shippers, rose 28.1% in July, by far the biggest monthly rise the index has ever seen, the previous
Container equipment prices double in the space of 12 months
Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years, according to Drewry’s recently
CMA CGM applies new charges from Europe to America
MERSEILLES : CMA CGM has announced new surcharges from European ports to several American destinations that will be effective from 1 September. In particular, the French carrier will
Freight rates to US and Canada increased at Hapag Lloyd
HAMBURG : Hapag-Lloyd has announced increased rates from the East Coast of South America to the United States, Canada, Mexico, Central America and the Caribbean. Hapag-Lloyd has announced
‘Crazy rates’ to ship a container out of India – after a 100% premium to get the box
MUMBAI : With the severe shortage of containers and capacity, Indian forwarders are being quoted “crazy” freight rates by carriers that “won’t honour” contracts. According to the Federation
Yantian Effect’ Could Cause Shortage of Goods as Freight Rates Set to Stay High
SHENZHEN : Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no
Shanghai to Europe rates rise for 10th consecutive week
Freight rates for container exports from the Port of Shanghai in Week 23 increased from the previous week on several trade routes, which do not include those to
300% increase in freight costs plague SMEs
NEW DELHI : The shipping and logistics crisis plaguing the industry since the onset of Covid freight costs have skyrocketed 300% , worsening the situation for Indian SMEs