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Marine Insight
Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year: Xeneta
Shipping News

Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year: Xeneta

May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in container shipments soared by 30.1%.

Read More Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year: XenetaContinue

Long-Term Container Rates Plummet On Key US To Far East Routes: Xeneta
Shipping News

Long-Term Container Rates Plummet On Key US To Far East Routes: Xeneta

April has delivered a shock to the system for long-term ocean freight rates from the US to the Far East, with significant falls on both East Coast and West Coast routes.

Read More Long-Term Container Rates Plummet On Key US To Far East Routes: XenetaContinue

Cargo Waiting Outside Ports In 2021 Racked Up Millions In Interest Due To Port Congestion
Shipping News

Cargo Waiting Outside Ports In 2021 Racked Up Millions In Interest Due To Port Congestion

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.

Read More Cargo Waiting Outside Ports In 2021 Racked Up Millions In Interest Due To Port CongestionContinue

Is It Time For Investors To Exit The Container Shipping Space?
Shipping News

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.

Read More Is It Time For Investors To Exit The Container Shipping Space?Continue

“Astronomical” Monthly Hike Pushes Long-Term Ocean Freight Rates Up 121% YoY: Xeneta
Shipping News

“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.

Read More “Astronomical” Monthly Hike Pushes Long-Term Ocean Freight Rates Up 121% YoY: XenetaContinue

Strong Demand And Supply Chain Strain Continue To Drive Long-Term Ocean Freight Rates: Xeneta
Shipping News

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.

Read More Strong Demand And Supply Chain Strain Continue To Drive Long-Term Ocean Freight Rates: XenetaContinue

Long-Term Ocean Freight Rates Now Up Over 90% Year-On-Year: Xeneta Container Rates Alert
Shipping News

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%.

Read More Long-Term Ocean Freight Rates Now Up Over 90% Year-On-Year: Xeneta Container Rates AlertContinue

China International Marine Containers To Acquire Maersk Container Industry
Shipping News

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.

Read More China International Marine Containers To Acquire Maersk Container IndustryContinue

Rising Long-Term Rates And Port Congestion Compound Cargo Owner Woes: Xeneta
Shipping News

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.

Read More Rising Long-Term Rates And Port Congestion Compound Cargo Owner Woes: XenetaContinue

Container Equipment Prices Have Peaked And Are Expected To Moderate: Drewry
Shipping News

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.

Read More Container Equipment Prices Have Peaked And Are Expected To Moderate: DrewryContinue

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