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Tuesday, January 31, 2023
Tags Freightos Baltic Index (FBX)

Tag: Freightos Baltic Index (FBX)

Is it time for container spot rates to arrest their fall?

It has been a norm for the Global Container Spot Rate Indices to have weekly falls in rates, one after the other, ever since...

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...
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MSC’s updated service to connect West Med, West Africa and Türkiye

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Prime mover driver dies after vehicle plunges into sea off Singapore port

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MPC Container Ships sells one, buys two boxships

The Norwegian vessel owner MPC Container Ships (MPCC) and its joint venture partner have agreed to sell the 2,800 TEU container ship AS Carinthia,...