Subscribe to our Mailing Lists (It's free!)
Friday, July 4, 2025
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    AP Companies: How physical and mental well-being shape happier ships

    AP Companies: How physical and mental well-being shape happier ships

    bali indonesia

    Ferry sinks off Bali with multiple casualties

    Year in Review: How the Russian invasion of Ukraine affected shipping in 2022

    LR: New requirements for lifting appliances and anchor winches

    Long-term ocean freight rates hold steady amid COVID-19

    Two crew members accused over deadly tanker collision

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    neck pain

    Neck pain: A growing health concern for maritime workers

    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hull

    AkzoNobel: Quality antifouling coatings can help with CII and EEXI compliance

    nuclear power

    Nuclear shipping inches closer to reality: Latest developments

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    CSA scrubbers

    CSA urges OSPAR to improve understanding before enacting scrubber ban

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    autonomous navigation

    New deal aims to advance autonomous navigation technology

    abs training center

    ABS opens smart training center in Athens

    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    OCIMF

    OCIMF Annual Report 2025: SIRE 2.0 a welcome change for the industry

    USCG

    ABS PSC Report Q1 2025: 526 total vessels detained

    paris mou lists

    Paris MoU 2024 Performance lists

    PSC

    AMSA Annual PSC Report: ISM-related deficiencies on the lead

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    European Commission EU

    EU in discussions over maritime and port strategies

    underwater noise from ships

    AMSA: Reduction of underwater radiated noise from shipping

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    Germany shadow fleet

    German Government increases vigilance in the Baltic Sea

  • Columns
    AMPI: Seafarers face critical risks in pilot transfer rigging

    AMPI: Seafarers face critical risks in pilot transfer rigging

    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    human factor organizational safety

    Cracking the safety code: Why human factors matter

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    AP Companies: How physical and mental well-being shape happier ships

    AP Companies: How physical and mental well-being shape happier ships

    bali indonesia

    Ferry sinks off Bali with multiple casualties

    Year in Review: How the Russian invasion of Ukraine affected shipping in 2022

    LR: New requirements for lifting appliances and anchor winches

    Long-term ocean freight rates hold steady amid COVID-19

    Two crew members accused over deadly tanker collision

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    neck pain

    Neck pain: A growing health concern for maritime workers

    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hull

    AkzoNobel: Quality antifouling coatings can help with CII and EEXI compliance

    nuclear power

    Nuclear shipping inches closer to reality: Latest developments

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    CSA scrubbers

    CSA urges OSPAR to improve understanding before enacting scrubber ban

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    autonomous navigation

    New deal aims to advance autonomous navigation technology

    abs training center

    ABS opens smart training center in Athens

    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    OCIMF

    OCIMF Annual Report 2025: SIRE 2.0 a welcome change for the industry

    USCG

    ABS PSC Report Q1 2025: 526 total vessels detained

    paris mou lists

    Paris MoU 2024 Performance lists

    PSC

    AMSA Annual PSC Report: ISM-related deficiencies on the lead

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    European Commission EU

    EU in discussions over maritime and port strategies

    underwater noise from ships

    AMSA: Reduction of underwater radiated noise from shipping

    nuclear energy ABS

    Consortium advances floating nuclear power for the Mediterranean

    Germany shadow fleet

    German Government increases vigilance in the Baltic Sea

  • Columns
    AMPI: Seafarers face critical risks in pilot transfer rigging

    AMPI: Seafarers face critical risks in pilot transfer rigging

    connectivity

    Innovating ocean safety: Intellian’s unified vision for connectivity and GMDSS

    human factor organizational safety

    Cracking the safety code: Why human factors matter

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Long-term ocean freight rates hold steady amid COVID-19

by The Editorial Team
July 31, 2020
in Shipping
Future Maritime Leaders

Above image is used for illustration purposes only/ Credit: Shutterstock

FacebookTwitterEmailLinkedin

According to Xeneta, the carrier segment appears to be negotiating the COVID-19 storm with some success, at least in terms of safeguarding its vital long-term ocean freight rates.

After two months of slight rate declines, the index crept up 0.1% in July. It is now just 0.1% down through 2020 and 0.8% down year-on-year.

Xeneta CEO Patrik Berglund attributes the relatively minor movements to the proactivity of owners, as they continue to perform a “delicate balancing act” with supply and demand.

Difficult decisions

RelatedNews

Chinese players team up on electric containership for training

World Shipping Council: 576 containers lost at sea in 2024

We’ve seen contracted rates holding comparatively steady while spot rates have actually been rising from April and through May and June. Given the short- and mid-term macro-economic situation that’s taken many by surprise. The key has been carriers conducting a delicate balancing act to remove tonnage and adjust routes in accordance with demand. However, it’s difficult to maintain that for the long-term and, let’s face it, the virus is not going anywhere fast – so what’s the next step?

says Mr. Berglund

Key developments

In addition Xeneta’s regional analysis of major trading routes painted a mixed picture for July. After four months of decline, imports on the European index increased by 0.2% (down 2% year-on-year), while the export benchmark registered its steepest fall since October with a decline of 2%. That said, it remains 3.4% up year-on-year.

Moreover, developments in the Far East were negative, with a significant 4.5% fall in import rates and a 1% drop in the export figure. Year-on-year the benchmarks are up 1.6% and down 1.3% respectively.

As for the US, its figures were varied for the month of July, with imports declining marginally by 0.1% (0.4% down against July 2019) while exports registered a healthy rise of 1.2%, reversing two months of decline. However, despite the increase, the index remains down 3.3% year-on-year and has now shed 2.2% of its value since the end of 2019.

Concluding, the Xeneta CEO highlights:

For example, the virus continues to ravage the US and, given the scale of unemployment, demand will remain subdued, creating an impetus to withdraw capacity. Meanwhile, consumer spending has fallen by 1.8% in China (against forecasted growth of 0.5%) and that suggests any recovery may take time. However, it’s also important to note that China reported impressive second-quarter GDP growth of 3.2% year-on-year, beating market expectations and reversing the decline of 6.8% in Q1

Long-term ocean freight rates hold steady amid COVID-19Long-term ocean freight rates hold steady amid COVID-19
Long-term ocean freight rates hold steady amid COVID-19Long-term ocean freight rates hold steady amid COVID-19
Tags: containershipsfreight rates
Previous Post

Japanese shipping company fined $1.5 million for concealing illegal discharges of oily water

Next Post

Carnival named among the best employers for women

Related News

container
Opinions

Operational measures to reduce the risk of container incidents in heavy weather

June 27, 2025
shanghai port
Fuels

Shanghai completes world’s fist STS transfer of liquid carbon

June 26, 2025
container ship
Shipping

BIMCO Container Outlook: Stable demand despite uncertainties

June 25, 2025
Gulf of Oman collision
Accidents

All crew safe after container vessel sinks off Oman

June 24, 2025
Hormuz Strait
Shipping

VLCC insurance jumps as freight rates escalate due to tensions

June 18, 2025
container
Shipping

Xeneta: Spot rates surge amid Israel-Iran tensions

June 17, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2025 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA

Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Manage options
{title} {title} {title}
No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA