Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
The Loadstar’s weekly ocean freight rate analysis, due to be published tomorrow, is likely to show another week of falling prices, as the storm clouds continue to gather over carriers’ heads.
Today’s spot rate reading from Drewry’s World Container Index (WCI) shows the global composite spot rate declined another 7% week-on-week – the 39th consecutive weekly drop – and is down 74% year-on-year…
… with prices on every major route out of Asia heading south.
The factors behind the rapid declines have become ...
Crew member dies as Maersk Frankfurt catches fire on maiden voyage
Maersk Frankfurt owner declares General Average, as fire-fighting continues
More danger to box ships as Houthis expand Red Sea attack arena
Bangladesh 'jam-packed' with cargo as curfew and internet restrictions continue
K+N eyes more cost-cutting after first-half profit and market share declines
'Last chance' for US importers to stock up before possible east coast port strike
New FMC regulation rules out carrier 'lame excuses' for rolling cargo
Maersk Frankfurt heads for open water as container fire subsides
Comment on this article