A more detailed examination of the Australia-China rates shows a slight recovery in spot rates in the third week of October, after several weeks of (mostly) falls. The Shanghai Containerised Freight Index increased slightly to USD 4052/FEU, up from USD 3932/FEU in the week prior, and...
Container spot freight rates on the main trades out of Asia have continued to fall as the postponement of the ILA strike eased industry concerns about the potential ramifications of the industrial action. Whilst some congestion did result from the three-day ILA strike which has affected...
Recent data indicates a downward trend in freight rates around the globe, with prices taking a steady tumble ahead of what is traditionally the commencement of the peak trading period. Here we take a closer look at the various geographical regions: Asia-Europe An early peak season that...
The strong demand being experienced across Asia's export trade lanes is utilising a large amount of capacity being provided by shipping companies, which is causing tension in the quest to balance three main factors: high market demand, long transit times due to Red Sea diversions...
Ongoing Red Sea diversions, which have created longer shipping distances and times, are resulting in continual freight rate increases that continue unabated across numerous trade routes. The subsequent disruptions, including vessel bunching and port processing delays, are being experienced at both ends of the Asia-Europe trade...
The latest Drewry World Container Index (WCI) increased by 2% to US$4801 per 40-foot container this week, which is 238% higher than average 2019 (pre-pandemic) rates of US$1420. The average composite index for the year to date is US$3443 per 40-foot container, which is $707 higher...
The complexity of the situation in the Red Sea, a critical route for approximately 30% of the world's container traffic, has continued to cause disruption on a global scale. Furthermore, the combination of the challenges across both the Red Sea and Suez Canal over the recent...
Due to ongoing disruptions due to issues such as the Suez Canal and geopolitical tensions, shipping liners are imposing surcharges and higher freight rates, which are having a disproportionately large cost impact on small volume shippers. Since major operators began rerouting via Africa's Cape of Good...
With a swirling vortex of compounding factors from the Suez and Panama Canal and peak-season surcharges, to the Houthi of the Red Sea through to the general rate increases, there is no doubt that businesses across the globe are being hit with a whirlwind of...
September data indicates continued  strength among US consumers as retail spending increased .07% compared to August. However, there also are signs of an upcoming slowdown such as reduced spending among lower-income consumers, falling personal savings and a rise in debt delinquencies. In addition, demand continues to ease...