Tag: freight rates

According to Xeneta, Donald Trump’s victory sparks fear to international trade importers regarding ocean container shipping freight rates.

Two weeks after Xeneta reported that ocean freight shipping spot rates from the Far East into Europe may have peaked during the Red Sea crisis, it is now observed that trades into the US have followed a similar pattern.

Two consecutive months of growth in the management of goods handled at Valenciaport’s docks. After accumulating half a year of negative records, the Statistical Bulletin of the Port Authority of Valencia (PAV) shows in October (and for the second consecutive month in 2023) positive data.

According to the The Valencia Containerised Freight Index (VCFI), the indicator that measures the trend and evolution of container transport costs by sea from the Port of Valencia has been falling for seven consecutive months.

Sea-Intelligence looks at the development of nominal vessel utilization, as this is a key parameter in gauging the strength of the market.

Global port congestion will last until early 2023 and keep spot freight rates high, logistics executives said, urging charterers to change to long-term contracts to address shipping costs.

According to an analysis from Container XChange, a container trading and leasing platform for shippers, the port congestion along the East and West Coasts and the pileup of empty containers is driving downward the freight prices.

The Russian State Agency Rosmorport (RMP) has announced an increase of port dues at Russian ports with effect from 1 January 2022.

Maritime freight loaded and discharged in Latin America and the Caribbean is estimated to have fallen by 3.4% between 2019 and 2020, according to UNCTAD’s Review of Maritime Transport 2021.

In its latest review of maritime transport, UNCTAD warns that global consumer prices will rise significantly in the year ahead until shipping supply chain disruptions are unblocked and port constraints and terminal inefficiencies are tackled.