Tag: freight rates

According to Xeneta, the Middle East ceasefire and the Lunar New Year are expected to drive further declines in freight rates in February.

Peter Sand, Chief Analyst, Xeneta, explains that the return of container ships to the Red Sea will bring chaos and collapsing freight rates.

DP World's Deputy Chief Executive stated that ships not linked to Israel could begin returning to the Red Sea in as little as two weeks.

According to Drewry, container rates from East Asia and China to the US dropped this week as carriers reduced rates to boost pre LNY demand.

U.S. imports from China ended the year on a high note, as some companies stocked up on shipments in light of Trump's proposed new tariffs.

According to Alphaliner data, demolition sales of container vessels in 2024 drop by half compared to 2023.

Stepping into 2025, the container trading landscape continues to be shaped by elevated secondhand container prices, driven by uncertainties owing to geopolitical tensions, trade wars, and tariff threats, Container xChange highlights.

Xeneta says that port strikes on the US East Coast and Gulf Coast were avoided, with container freight rate growth expected to slow or fall. 

The international freight forwarding and logistics sector is poised for a dynamic year in 2025, says the director general of BIFA.

Rates for shipping containers from Asia to the US surged as the deadline to avoid a strike at US Gulf and East Coast ports nears.