OSLO, Norway – 30 January 2024 The Red Sea crisis has seen ocean freight rates increase faster than the early months of the Covid-19 pandemic as swathes of shippers are…
Ocean freight rates plummet from peaks across European export trades, but main plot fails to reveal full story The cost of shipping containers out of Europe has plummeted from the…
After over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market looks set for an “extremely challenging” 2023, according to Oslo-based Xeneta. An in-depth analysis…
Shippers eye Index Linked Container Contracts to obtain better ocean freight rates value In an ocean freight rates market defined by turbulence, with astronomic price hikes giving way to steep…
Ocean freight capacity and volumes continue US West to East coast shift, with port congestion following suit Xeneta’s latest market analysis details a continuing shift in container shipping capacity on…
Over the past five weeks, carriers have continued to blank sailings in response to lower demand on the three largest trade lanes out of the Far East bound for North Europe, North American East…
Welcome to this week’s Weekly (Container) Rate Update – Air Freight Special. This week we will focus on the air cargo market and come back to you next week with…
Of the major global trades, rates from the Far East to the South American East Coast (SAEC) have had the biggest fall in spot rates since the start of 2022.…
The latest data shows that only 18% of ships arrived on time in January, another record low, with the average delay for the ships arriving late standing at 9.5 days…
Link to the full story at Xeneta.com: https://hubs.ly/Q016zky-0 The recent broad softening of the spot market has left many shippers wondering how this will affect the long-term market. So far, despite…
Xeneta on modal shift in freight transport – and “astronomical” long-term container freight rate hike in November, up 121.2% y-o-y “Astronomical” monthly hike pushes long-term ocean freight rates up 121%…