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freight rates

Friday, February 16, 2024
A containership at the Port of Long Beach

Transpacific Carriers May Have Edge as Contract Season Looms

By Mike Wackett (The Loadstar) – Transpacific ocean carriers are holding on to as much of their Red Sea crisis-induced gains as they can, heading into

February 16, 2024
Total Views: 2133

Friday, February 9, 2024
A Maersk containership berthed at the Port of Tanjung Pelepas in Malaysia.

Spot Rates Roller Coaster for Container Shipping

By Mike Wackett (The Loadstar) – Container spot rates on the transatlantic shot up this week and, ahead of Chinese New Year tomorrow, transpacific rates

February 9, 2024
Total Views: 1168

Monday, February 5, 2024

Freight Rates Begin to Settle as Shippers Adjust to Cape Diversions

By Mike Wackett (The Loadstar) – Asia-North Europe shippers have adapted their supply chains to the longer transit times around Africa, but now they

February 5, 2024
Total Views: 1606

Tuesday, January 30, 2024
container ship at sea

Red Sea Crisis: Surge in Ocean Freight Rates Outpaces COVID-19

Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the

January 30, 2024
Total Views: 2840

Tuesday, January 23, 2024
Aerial top view of a containership underway

Xeneta Sees Freight Rates Rising Further Amid Red Sea Crisis

Shipping rates are expected to continue their upward trend in early February due to the ongoing crisis in the Red Sea, according Xeneta’s freight rate

January 23, 2024
Total Views: 2330

Monday, January 22, 2024
Aerial top view of a containership at port

Carriers Seek Balance of Speed and Cost to Mitigate Suez Canal Diversions

By Mike Wackett (The Loadstar) – As long as they are able to obtain premium rates, ocean carriers could decide to increase the service speed of their

January 22, 2024
Total Views: 2457

Wednesday, January 10, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy

Surge in Freight Reverberates Through the Global Oil Market

(Bloomberg) — A surge in freight rates is prompting crude buyers in Asia to shift more purchases to Middle Eastern oil, aiding spot market prices. The

January 10, 2024
Total Views: 1743

Friday, December 8, 2023

Carriers Pushing Rate Hikes Ahead of Likely Service Suspensions

By Mike Wackett (The Loadstar) – Asia-Europe ocean carriers are making one final attempt to hike rates on the troubled tradelane next year. Hapag-Lloyd

December 8, 2023
Total Views: 2516

Friday, December 1, 2023
Aerial view of a container ship

Failure of Rate Increases Points to Tough Times Ahead for Ocean Carriers

By Mike Wackett (The Loadstar) – Notwithstanding three attempts at GRIs (general rate increases) in 45 days, Asia-North Europe container spot rates have

December 1, 2023
Total Views: 1001

Thursday, November 30, 2023
FILE PHOTO: Shipping containers are stacked at Gwangyang port in Gwangyang, South Korea, June 14, 2022. Yonhap via REUTERS

Container Shipping Market Faces ‘Brutal’ 2024, Xeneta Says

The latest data from Oslo-based Xeneta suggests that 2024 could be an even more difficult year for carriers in the ocean freight shipping market. The Xeneta

November 30, 2023
Total Views: 1897

Friday, November 17, 2023
Stock photo shows a MSC shipping container being lifted onto a ship

Carriers Struggle to Uphold Rate Increases as Spot Rally Fades

By Mike Wackett (The Loadstar) – After recording gains across the board last week, the container spot market indices are back to flashing red for the

November 17, 2023
Total Views: 926

Friday, November 10, 2023
Palau-flagged bulk carrier Aroyat is pictured at sea, in this picture obtained from social media and released on September 22, 2023. Oleksandr Kubrakov via X/via REUTERS

Ukraine Export Corridor Freight Costs Reverse Brief Rise

KYIV, Nov 10 (Reuters) – Freight costs for ships in Ukraine‘s alternative export corridor have eased back to their former levels, a

November 10, 2023
Total Views: 1034

Thursday, November 2, 2023
Aerial top view of a containership at port

Carriers’ Failure to Boost Spot Prices Could Threaten Contract Rates

By Mike Wackett (The Loadstar) – Ocean carriers aim to have at least 50% of their business fixed by way of annual contracts, which are generally agreed

November 2, 2023
Total Views: 1057

Monday, October 30, 2023
The CMA CGM Marco Polo container ship passes under the Verrazzano-Narrows Bridge, to enter New York Harbor. Photo: REUTERS/Brendan McDermid

Westbound Transatlantic ‘A Total Disaster’

By Mike Wackett (The Loadstar) – According to CMA CGM, westbound transatlantic ocean rates have now hit “unsustainable levels”. The French carrier

October 30, 2023
Total Views: 13609

Friday, October 27, 2023
A cargo ship is moored in the Port of Long Beach while cranes retrieve cargo containers from the ship

Ocean Carriers’ Hopes for Rate Hike Dampened as Spot Rates Spiral

By Mike Wackett (The Loadstar) – Drewry’s WCI container spot rate index was a sea of red ink again this week, ahead of a planned wave of ocean carrier

October 27, 2023
Total Views: 1438

Friday, September 15, 2023
Containership docking Port of Long Beach

Carriers Pull Capacity to Boost Floundering Spot Rates

By Mike Wackett (The Loadstar) – Container spot indices are showing a sea of red ink this week, with short-term freight rates down on all the major

September 15, 2023
Total Views: 1668

Friday, August 25, 2023
Port of Rotterdam. Photo Credit: Aerovista Luchtfotografie /

Asia-North Europe Rates Sinking Again as GRIs ‘Run Out of Steam’

By Mike Wackett (The Loadstar) – Ocean carriers are giving back their recent Asia-North Europe FAK rate increases via heavy discounts for October

August 25, 2023
Total Views: 1093

Friday, August 18, 2023
Aerial view of a container ship

More Blanked Sailings and Rate Increases for Transatlantic Shipping

By Mike Wackett (The Loadstar) – Container spot rates on the transatlantic came under renewed pressure this week, obliging ocean carriers to cut

August 18, 2023
Total Views: 1386

Wednesday, August 2, 2023
The CMA CGM Marco Polo container ship passes under the Verrazzano-Narrows Bridge, to enter New York Harbor. Photo: REUTERS/Brendan McDermid

Transatlantic Carriers Change Course

By Mike Wackett (The Loadstar) – Transatlantic container rates from North Europe to the US east coast have fallen below pre-pandemic levels after ocean

August 2, 2023
Total Views: 3177

Tuesday, August 1, 2023

No Respite for Ocean Carriers as Long-Term Freight Rates Fall to Two-Year Low, Xeneta Says

Global long-term freight rates have fallen to a two-year low, with little respite on the horizon for carriers as new capacity hits the water, according to

August 1, 2023
Total Views: 1449


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