Spot rates for ocean containers rise as demand from Asia to the US East Coast strengthens, with improvements expected on the West Coast.

Transpacific carriers struggle with diverging rates and stalled demand recovery, as market dynamics shift ahead of the Lunar New Year.

Spot container rates from Asia to the US drop as carriers boost capacity, reflecting a soft market and weakened pricing power.

Daily charter rates for oil tankers have soared 467 per cent this year as shippers grapple with sanctions and route disruptions, reported London's Oilprice.

THE global Baltic Air Freight Index (BAI00), calculated by TAC, dipped by one per cent in the week, leaving it 5

GLOBAL air freight rates rising on the TAC Index out of China on lanes to Europe and North America, reports Mumbai's Stat Trade Times

SHIPPING costs for liquefied natural gas (LNG) cargoes have fallen to a five-year low as newly built carriers added to the global fleet, Reuters reports

GLOBAL air cargo rates continue to increase according to air freight price reporting agency TAC Index, reports London's Air Cargo Eye

Weak China manufacturing indicators further depress sentiment

Tanker owners have seen rates for the hiring of their vessels take a further dive this week, as limited demand, together with the usual oversupply issues, continued to plague earnings. According to the latest weekly report from Poten&Partners, "indicators for macroeconomic growth coming out of China have been conversely upbeat. It is not clear that such metrics are indicative of a sustained pick...

It's been the usual story so far in the 2013 year for the owners of VLCC tankers; pressured spot rates, which are attributed to the usual culprit combination of tonnage overcapacity and relatively weak demand. According to the latest report from US-based consultantants of Mcquilling Services, weak demand "has been further exacerbated by seasonal refinery maintenance, particularly in the US. Accord...

WEAKENING demand growth, rising supply of containership slots and market changes will hold spot rates down on the Asia-Mediterranean trade lane until the mid-June peak season, predicts London-based analyst Drewry.

CONTAINER shipping has been warned to brace for a hard landing rates-wise as multiple indices around the world plunge further

INCREASING numbers of containerships waiting off Qingdao, one of China's biggest ports, is continuing to rise as the country doubles down on its Covid lockdown policy, adding more delays, reports Bloomberg

AUGUST average prices from Hong Kong to North America increased 9

MARINE underwriters are expected to increased rates to provide coverage for merchant ships through the Red Sea after a series of attacks off Saudi Arabia, Reuters reports

FRENCH shipping giant CMA CGM will levy a rate increases of US

Global Maritime News & Shipping Industry Updates

Looming restrictions on shipping fuel sulphur content could see freight rates on seaborne coal routes rise by as much as 40% in 2020, consultancy Wood Mackenzie said on Thursday.

TRANS-PACIFIC spot rates declined seven per cent last week to the US east and west coasts in spite of an increase in imports from Asia and tightening capacity.

GERMAN container shipping giant Hapag-Lloyd has announced it will increase rates for all cargo from Brazil, Argentina, Uruguay and Paraguay to Canada, the US Mexico, Central America and Caribbean ports.

The pick-up in demand for seaborne dry bulk commodities across the board provided shipowners with better returns during the first quarter of the year despite net fleet growth over the same period.

AS carriers begin contract negotiations for the year ahead, the container freight market is strengthening and Drewry said some shippers could see contract rates rise 20-40 per cent in worst case scenarios.

Container shipping firms are hoping for a better year as freight rates rebound in the lead-up to the Lunar New Year holiday and the nagging problem of overcapacity eases during the year.

VLCC rates on key routes out of the Persian Gulf have taken a hit, declining considerably this week on dull demand for tonnage, renegotiations for UAE stems for the first decade of January and lackluster activity due to the holiday season.

The Worldscale Association has set lower flat tanker rates for 2014, i.e. rates for port-to-port tanker routes, considered as nominal freight rates. Flat rates are published on a dollar per metric ton basis, reflecting the various costs associated with calling a particular combination of ports. The spot market convention of Worldscale rate is a percentage of the

This latest surge of the dry bulk market, which has brought it totwo-year highs, has been led by the Capesize segment, as a result of low tonnage availability and high cargo demand from China says Jeffrey Landsberg, managing director of US-based Commodore Research&Consultancy, in an exclusive interview with Hellenic Shipping News Worldwide.

SPOT container rates from Asia to Europe measured by the Shanghai Containerised Freight Index (SCFI) increased last week following a series of US$500 per TEU rate hikes announced for August 1.

UNITED Arab Shipping Company will increase rates US$910 per TEU for dry and refrigerated cargo from Asia to North Europe, effective July 1.

Ocean carriers cannot afford to operate services from Asia to Europe at rates which are between 25% and 30% lower than in January. Although the recent collapse of rates was excessive, it will not be reversed until carriers withdraw at least two more loops to North Europe– preferably before the peak season. Last week’s dramatic escalation of the rate war between

KathimeriniSpotting rates rebound, Greekshipowners order most ore vessels since 2008KathimeriniGreekshipowners, who control more vessels than those of any other country, are buying the most iron-ore carriers since before the global recession, seizing on plunging prices in anticipation of a market recovery.Shippingcompanies in the...and more »

In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per day. The Panamax market is expected to hold on to recent gains and remain in the USD 5,000– 10,000 per day range. In the Supramax market, BIMCO sees freight rates in the USD

Among a weak earnings environment in the spot tanker freight markets and low cargo counts, tanker earnings are poised to remain at low levels. According to the latest weekly report from Poten&Partners "VLCC liftings out of their primary loading zone in the Arabian Gulf have been on a decidedly negative growth trend for the past year, and actually contracted in three of the last four months. The ...

Tanker owners have seen rates for the hiring of their vessels take a further dive this week, as limited demand, together with the usual oversupply issues, continued to plague earnings. According to the latest weekly report from Poten&Partners, "indicators for macroeconomic growth coming out of China have been conversely upbeat. It is not clear that such metrics are indicative of a sustained pick...

MARSEILLE-based CMA CGM recently announced that it will raise rates for dry and reefer containers for services from North Europe/Mediterranean to the US, Canada and Mexico with effect from October 1.

ASIA-EUROPE spot rates have fallen to their lowest level since the end of the first quarter, after plunging a further 4.7 per cent last week to US

Global Maritime News & Shipping Industry Updates

EMIRATES Shipping Line is to implement a series of general rate increases on its Far East/south east Asia to east Africa, Indian subcontinent and Middle East services, effective September 1, 2012

THE proposed general rate increase (GRI) for August on the Asia-Europe trade appears to have had an impact as spot prices on the trade rose 3.4 per cent to US

Global Maritime News & Shipping Industry Updates

ASIA-Europe spot rates plunged a further 4.6 per cent last week to US

Global Maritime News & Shipping Industry Updates

Weak China manufacturing indicators further depress sentiment

MARSEILLES shipping giant CMA CGM has increased its rate on shipments between ports from India to West Africa at US

Global Maritime News & Shipping Industry Updates

ASIA-EUROPE freight rates have once again risen after a brief hiatus over the past two weeks, as spot rates on the trade last week increased 21 per cent to US

Global Maritime News & Shipping Industry Updates

ASIA-Europe rates fell again last week to a new low of US$540 per TEU, down 5.8 per cent week to week, according to the latest Shanghai Containerised Freight Index (SCFI) data.

Freight rates out of Asia have plunged to their lowest levels since September 2009, while overcapacity in the market could prevent carrier attempts to implement an increase.

Asia-Europe container rates ended 2010 below the average level recorded in 2008, despite volumes continuing to increase.

According to representatives of the leading shipping companies, freight rates of the vessels, proceeding to the Middle East region, will be probably increased.

AuctionbytesFedExshippingrates to increaseKXII-TVSHERMAN, TX - A decision by FedEx to increase some of itsshippingrates has some local customers thinking about jumpingship. FedEx is ringing in the new...Online Merchants Face Annual Increase inShippingCostsAuctionbytes12 haber makalesinin tümü »

Global freight rates, both in the tanker and dry bulk segments, continued their downward journey, forcing ship owners to keep a slice of their fleet idle as the rates at times did not even cover the operating costs, the whole of last month.

HIGH spot air cargo rates since air freight in Europe reached full capacity have prompted shippers to reconsider ocean shipping as a viable option.

FRENCH shipping giant CMA CGM will increase Freight All Kinds (FAK) rates from November 18 and December 1 until further notice but not beyond December 31

EASTBOUND Pacific spot rates have dropped below US

Global Maritime News & Shipping Industry Updates