Call us on +44 (0)1784 466050
Heading into the post Lunar New Year slack period sea freight spot rates retained most of their recent gains and while Drewry’s World Container Index dropped slightly in March it remains 80% higher than 2023 and 130% more than average…
Read More
Surcharges like BAF and CAF have become a standard feature of freight rate calculations, but there will always be scepticism of temporary surcharges and new ancillaries like the ‘container shifting’ charge announced by Maersk to cover re-stows on its ships.…
Read More
Just yesterday a Norwegian ship was attacked, one of many ships targeted in the Red Sea, due to escalating tensions in the Middle East around the war in Gaza. ZIM has already diverted its ships from the Suez to the…
Read More
While much has been made of the impact of the peak season from Asia on sea freight rates, arguably the line’s capacity management is a bigger driver, with rising rates to the US and attempts to recover revenue from Asia…
Read More
Once the container shipping lines’ most steady and dependable trade-lane, and then their unexpected post-pandemic cash cow, the trans-Atlantic market has dropped dramatically and offers shippers a significant opportunity, but only if they act now, before the market rebounds. Spot…
Read More
Carriers are frantically cutting October sailings from Asia to Europe, to try and get capacity below demand levels, in a final attempt to support rates, before the start of the traditional slack season, because their next opportunity to significantly raise…
Read More
Normal(ish) operations continue at most Israeli sea freight terminals, but a backlog of vessels is growing and while some airlines have resumed services to Israel, the industry is still exercising caution and charter requests are becoming increasingly harder to fulfil.…
Read More
Container shipping lines (and by extension shippers) are facing another price increase in January, with the Suez Canal announcing a 15% increase in fees on northbound transits. (more…)
Read More