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Container Freight

Drewry Expands Container Freight Rate Benchmarking

Drewry Maritime Research, the global leader in freight rate benchmarking, has expanded its flagship Container Freight Rate Insight publication and now provides freight rate benchmarks on 550 international trade routes. Published monthly, the report provides all-in spot rates on all the key shipping routes of the world, including both headhaul and backhaul trades. In  addition to the monthly report, subscribers also have access to an online database of both current and historical freight rate data dating back to January 2006. Drewry collects its proprietary freight rate data from active freight forwarders in the Far East, South Asia, the Middle East, Europe, the United States, Canada and South America, who provide their freight rates confidentially to Drewry. “In times of heightened freight rate volatility shippers need a dependable source of market data in order to effectively benchmark their shipping costs,” said Drewry’s Container Freight Rate Insight editor Martin Dixon. “Over the past six months we have doubled the number of trade routes on which we provide benchmarks and increased the frequency of reporting on many routes in response to rising customer demand.” Shipping costs have proven particularly volatile in recent years. For instance, Drewry’s East-West Freight Rate index, a weighted average across key  Asia-Europe, transpacific and transatlantic trade routes


Asia-Europe Box Rates Plunge 23 pct

Shipping freight rates for transporting containers from Asia to Northern Europe fell 23 percent to $588 per 20-foot container (TEU) in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. The fall came after two weeks with rising freight rates on the world's busiest route. Container freight rates have so far increased in 8 weeks this year but fallen in 27 weeks.


WCI Backhaul Routes Listed for Clearing

Major boost for swaps liquidity as WCI backhaul routes are listed for clearing.   Introduction of clearing for new Europe-Asia routes will bring significant additional trading potential to container derivatives market. The World Container Index is pleased to announce that two WCI route assessments, covering Los Angeles to Shanghai and Rotterdam to Shanghai will now be cleared by LCH.Clearnet. The addition of clearing


Asia-Europe Box Rates Fall 6.6 pct

File photo: containership underway.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.6 percent to $1.149 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. It was the second consecutive week of falling freight rates on the world's busiest route. Container freight rates have in 2014 increased in 13 weeks but fallen in 38 weeks. In the week to Friday, container freight rates fell 6


Asia-Europe Box Rates Down 23 pct

file image (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday, data from the Shanghai Containerized Freight Index showed.   Freight rates on the world's busiest shipping route have tanked this year due to overcapacity in available vessels and sluggish demand for transported goods. Rates generally deemed profitable for shipping companies on the route are at about $800-$1


Asia-Europe Box Rates Plunge 28 pct

CMA CGMs Marco Polo at sea (file image)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe plunged by 27.9 percent to $295 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. The drop came after spot freight rates on the world's busiest route dropped 39.3 percent last week, and the current rates are widely seen as loss-making levels for container shipping companies.


Container Shipping Rates Continue to Plummet

Market average for 20ft container from Shanghai to Rotterdam (Photo: Xeneta)

Due to overcapacity & economic turmoil in the market, the market index for 40ft containers has taken a massive dip, 44% from May 2012. Xeneta, the price comparison service for sea freight, found that the average container freight rates from Asia to North-Europe continues to drop to $2,564 per 40-foot container and $1,341 per 20-foot. Due to overcapacity and various economic turmoil in the market, the market index for 40-foot has taken a massive dip with it being down 44 percent from May


Asia-Europe Box Rates Drop Almost 21 pct

File Photo: containership underway.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the largest ever weekly decline on the world's busiest freight route since the index began recording rates in 2009. A level below $1,000 is widely seen as a loss-making level for container shipping companies.


Asia-N.Europe Freight Rates Halved

The Maersk Kalmar underway (file image)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 50.4 percent to $275 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Shipping Exchange told Reuters. The drop came after spot freight rates on the world's busiest route soared 88 percent last week as shipping companies implemented scheduled rate hikes with effect from Dec 1.


Container Shipping Faces Tough 2016 as Rates Plunge 78 pct

File image: a Maersk boxship in the port of New Orleans (credit: port of New Orleans)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted 78 percent this year, after posting another drop this week, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Rates fell 6.9 percent to $271 per 20-foot container (TEU) in the week ended on Friday, the person said, down from $1232 at the beginning of the year. It was the second consecutive week of falling freight rates on the world's busiest route


Panama Canal Extension May Be Bad for Some Shippers

Photo: Panama Canal Authority

The newly inaugurated Panama Canal may not be as beneficial as it seems for container ship carriers, says Xeneta, a benchmarking and market intelligence platform for containerized ocean freight.   Although the new sets of locks and deeper


A Tale of Two Trades

Graph: Drewry

 Downsizing of capacity on the Asia-ECSA trade has paid dividends to carriers with much improved freight rates; why isn’t the scalpel also being used on other routes?   In container shipping it is said that freight rates fall much further and quickly than they rise in the


Asia-N.Europe Container Rates Fall 17%

File photo: Maersk Line

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17 percent to $776 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.


Asia-N.Europe Box Rates Fall 8.1 pct

File Image (Credit: GPA)

Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.


Twin Ingredients Not Good Mixers For Box Freight

Graph: Clarksons Research

 Amid fairly significant turmoil today in many of the key shipping sectors, there’s one area where extreme conditions have almost become the norm.    Container freight rates across a range of trades are currently at rock bottom levels


Demand Boosts Container Market Outlook -MSI

File photo: Chamendra Wimalasena

The latest Container Shipping Forecaster from MSI suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers.   Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner


Mixed Prospects for Container Shipping

Photo: Cosco

 The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side.    Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner


Asia-N.Europe Box Rates Jump 170 pct

File Image: a Maersk containership underway (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. Spot freight rates on the world's busiest routes soared as a


Asia-N.Europe Box Rates Dive 13 pct

The CMA CGM Ben Franklin loads cargo alongside the pier (file image: Marad)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Asia-N.Europe Box Rates Sag Almost 5 pct

File Image: a Maersk Container Vessel alongside engaged in cargo operations (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Global Safety Day Celebrations at APM Terminals

A skit on safety and  risk management being presented during the Global Safety Day celebrations at APM Terminals Inland Services’ CFS in Mumbai Photo APM Terminals

Under the theme ‘Safe for you, Safe for me’, APM Terminals Inland Services, South Asia celebrated Global Safety Day on 28 th April with emphasis on raising awareness on the importance of risk management among employees, contractors and external stakeholders.


Asia-N.Europe Box Freight Rates Soar 37 pct

File Image: A containership alongside at the port of Hamburg. (credit port of Hamburg)

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters.


Asia-N.Europe Box Rates Rise 6 pct

File Image: a containership works cargo in the port of Hamburg (credit: port of Hamburg)

Freight rates for transporting containers from ports in Asia to Northern Europe rose 5.7 percent to $761 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Asia-N.Europe Box Rates Plunge

File Image: Trelleborg

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17.8 percent to $540 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Drewry: Container Shipping Rates Have Bottomed Out, Forecast to Rise

(Photo: Greg Trauthwein)

Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from substantial losses in 2016, according to the latest Container Forecaster report published by global shipping






 
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