As CNY and slack season approach, the ocean price-cutting begins
Transpacific spot rates declined for the first time in a month this week, as the ...
General rate increases (GRIs) announced by Asia-Europe carriers for today have failed to arrest the decline in spot rates, which plunged this week by 21% for North Europe and by 15% for the Mediterranean.
The Shanghai Containerised Freight Index (SCFI) saw the North European component sink $192 to $740 per teu, while Mediterranean destinations fell $153 per teu to $869, as buyers appeared to simply ignore the rate increases.
Carriers had announced GRIs ranging from $450-$500 per teu in what they expected ...
Volcanic disruption at Anchorage could hit transpacific airfreight operations
Macron calls for ‘suspension’ – CMA CGM's $20bn US investment in doubt
De minimis exemption on shipments from China to the US will end in May
Forwarders stay cool as US 'liberation day' tariffs threaten 'global trade war'
Trump tariffs see hundreds of cancelled container bookings a day from Asia
Mixed response in US to 'Liberation Day', while China leads wave of retaliation
Tariffs and de minimis set air freight rates on a volatile course
Comment on this article
Hosting
June 04, 2016 at 12:52 pmUp until the middle of the 20th century these shipping services were provided by large liner companies and certain smaller companies serving specific trades mainly in the dry cargo markets. They were mostly located in the developed countries of Europe, Asia and the USA and certain fleets were directly owned by energy suppliers.