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Tags Freightos Baltic Index (FBX)

Tag: Freightos Baltic Index (FBX)

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...

USWC spot rates edge into uncharted territory

Disciplined supply-side management by shipping lines, as the industry moves into one of the most critical high seasons between China and the US in...

Stable rates as lines find the right balance

Six more blanked sailings over the past week mark the stabilising of the deepsea trades with demand now broadly matching available capacity, which has...

Demand to slump more than 4% in 2020

Global demand will decline by more than 4% over the course of this year if normal services are restored as we head into the...

Freightos raises $44.4m in funding

Freightos, a marketplace for logistics providers, announced today that it has raised a $44.4 million Series C led by Singapore Exchange. Returning investors including...
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CMA CGM applies peak season surcharge from Central America & Caribbean to Europe & Med

Marseille-based container carrier CMA CGM has notified its customers of the following Peak Season Surcharge (PSS). Effective from 7 December 2024 (loading date) until further...

Maersk vessel resumes voyage from Spain after fire incident

One of Maersk Line’s operated ships has resumed its voyage after catching fire on 9 November. The 2012-built 4,662 TEU Rhine Maersk, deployed to the...

ILA pulls out of contract talks over automation disputes

The International Longshoremen’s Association (ILA), the union representing dockers on the US East Coast, has pulled out of contract negotiations with employers citing bad...

New funding boosts Pier Wind project at Port of Long Beach

On 11 November, the Long Beach Board of Harbor Commissioners reinforced its commitment to California’s renewable energy goals by advancing Pier Wind, a proposed...