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Wednesday, July 28, 2021
Tags Freightos Baltic Index (FBX)

Tag: Freightos Baltic Index (FBX)

Rise in vessel speeds will increase GHG emissions

Demand for cargo on major trade lanes has increased substantially and the returns to the shipping lines and vessel owners have also increased with...

Booming Atlantic rates could see new services

Rumours of a new express Transatlantic service operated by COSCO Shipping out of Piraeus to New York will be no surprise as demand has...

Transpac rates hit US$17k as Ever Given effect plays out

Transpacific rates are once again flying high with eastbound volumes hitting the stratosphere with a US$17,000/FEU rate hitting the top rate for this week. Rates...

Shipping lines anticipate another bumper year

Ocean operators are expecting an increase in their income this year as first quarter income looks set to boost returns and demand for capacity...

Thirty-five-day Lunar NY set in motion

Staff from factories and truck drivers in China have ignored incentives to work through the Chinese New Year and have headed home for the...

Spot rates hit unprecedented highs from Asia to Europe

Spiking freight rates have surged by 25% on the Asia to North Europe and the Mediterranean over the last week and now stand at...

Rates soar again as equipment shortages take hold

Spot freight rates out of Asia saw steep and seemingly unfettered increases crashing through the US$4,000/FEU mark on the Pacific and skyrocketing to more...

Shifting equipment acts as limit to capacity in European trades

Blanked sailings and the shift of equipment to more lucrative trades has combined with increased volumes to raise rates in the Asia to Europe...

US WC rates to top US$4,000 in September

China to US freight rates continue their dizzying bull run with some commentators predicting that the China to US West Coast prices will surpass...

Pacific services on a bull run in a tricky China trade

According to the Organization of Economic Co-operation and Development (OECD)’s latest Economic Outlook for 2020, the pandemic could over the course of this year...
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BIFA sees no end in container line surcharges

The British International Freight Association (BIFA), the trade association that represents UK freight forwarding and logistics companies, has been monitoring conditions in the global...

Transnet gradually returns to normal activities

Navis customer links have returned to normal and are now fully operational in all container terminals of the Transnet network as of 27 July,...

Hapag-Lloyd sets new charges from Asia

Hapag-Lloyd has announced several rate increases, which will take effect in August, for sailings starting from Asia ports. Firstly, the German carrier will impose a...

Russian terminal launches video monitoring of crane operations

Petrolesport (PLP), a Global Ports Group company located in the Big Port of St. Petersburg, has installed a video surveillance system on its ship-to-shore...