Middle East Crisis: Why Are Freight Rates Rising in Waves and what’s next? Xeneta Chief Analyst Answers
OSLO: Latest data shows containerized imports into the Middle East collapsed in the month immediately following the escalation of conflict at the end of February, down 64% in March year-on-year. Exports from the region
Geopolitics boost freight rates but pose challenges to shipowners elsewhere
NEW YORK: Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said. Freight rates in various sectors have risen as
West Asia Crisis surged Container Freight Rates nearly Tenfold
NEW DELHI: Escalating geopolitical tensions in West Asia have significantly disrupted maritime trade flows, resulting in a steep increase in freight charges for cargo shipments to the region. According to officials from the shipping
China penalizes 9 international shipping lines and 7 NVOCCs for freight rate violations
BEIJING : China’s Ministry of Transport has penalized a total of nine international container shipping lines and seven domestic non-vessel operation common carriers for alleged freight rate violations, according to a report published May
Ship rates spiking 467% marks upended trade across commodities
LONDON: Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output upend global supply lines. Daily earnings to
Tanker freight rates for Russian crude to India climb on higher seaborne exports, sources say
LONDON: Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings last month, industry sources said. Indian
Iran–Israel war could shut Bandar Abbas port, push up air freight rates: Exporters tell Govt
NEW DELHI : Indian exporters on Friday urged the government to plan alternate shipping routes to West Asia, warning that the escalating Iran–Israel war could lead to the closure of Iran’s largest port, Bandar
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from $3,803 per FEU. Shipping freight charges