As of January 7th, data from the Ports of Los Angeles and Long Beach showed that 103 vessels expected to deliver approx. 147,000 TEUs at these two ports were either waiting in the 40 nautical mile zone or loitering/drifting/slow steaming heading to the ports.
Is It Time For Investors To Exit The Container Shipping Space?
Drewry Maritime Financial Research (DMFR), the investment research arm of global shipping consultancy Drewry, remains bullish about continued high stock prices and rising profitability in the booming container carrier sector.
“Astronomical” Monthly Hike Pushes Long-Term Ocean Freight Rates Up 121% YoY: Xeneta
Long-term contracted ocean freight rates rocketed by a further 16.3% over the course of November, consolidating recent gains to leave container shipping costs up 121.2% year-on-year.
Strong Demand And Supply Chain Strain Continue To Drive Long-Term Ocean Freight Rates: Xeneta
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases.
Long-Term Ocean Freight Rates Now Up Over 90% Year-On-Year: Xeneta Container Rates Alert
Xeneta’s Long-Term XSI® Public Indices revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%.
China International Marine Containers To Acquire Maersk Container Industry
China International Marine Containers Ltd., a global leader in logistics and energy equipment, will acquire the A.P. Moller – Maersk owned Maersk Container Industry, a leading manufacturer of refrigerated containers.
Rising Long-Term Rates And Port Congestion Compound Cargo Owner Woes: Xeneta
After another month of high demand, over-stretched infrastructure and difficult negotiations for shippers, long-term contracted ocean freight rates now stand 85.5% higher than at this point last year.
Container Equipment Prices Have Peaked And Are Expected To Moderate: Drewry
Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years, according Drewry’s recently published Container Census & Leasing Annual Review and Forecast 2021/22 report.
Shippers Stunned As Long-Term Rates Surge By Almost 30% In A Month: Xeneta Container Rates Alert
July saw the container shipping industry enter uncharted water, as long-term contracted rates surged by their largest ever monthly increase, climbing by close to one third.
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