Tag: freight rates

In a letter sent to the European Commission, a coalition of European Shipowners calls for an ambitious and tailor-made to the industry ETS by putting the ‘polluter pays principle’ at the core of the new proposal for shipping.

The 2020 pandemic increased traded volumes concerning the freight derivatives markets, for both tankers and dry cargo vessels, according to the Baltic Exchange. 

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.

Both long- and short-term rates have remained stable even as the COVID-19 pandemic has forced large parts of the global economy to shut down and thereby lower demand for container shipping, says BIMCO's Chief Shipping Analyst, Peter Sand. 

Following the rapid developments around the coronavirus, TT Club in collaboration with international lawyers, HFW, outlines how freight forwarders, logistics service providers and other intermediaries can protect themselves legally and minimise their liabilities, while providing a quality service to their customers.

Port of Gothenburg recently published its freight figures for 2019, presenting a growth in its container volumes. Specifically, 456.000 TEU were transported through the port's rail infrastructure, marking the largest rail volume in the port's 400-year history.

A recent study carried out in the Laboratory of Industrial Management at Åbo Akademi University indicates that improved ship utilization rates and investments in environmentally sustainable technologies for enhanced energy efficiency would not only significantly reduce carbon dioxide emissions within navigation but would also contribute to lowering freight costs.

The freight volume of south China's Pearl River set a new record in 2019 by exceeded 1 billion tonnes, second only to that of Yangtze River in China. According to the Pearl River Administration of Navigational Affairs under the Ministry of Transport, the river's freight volume, which ranks second in the world, increased by 5.5% year on year in 2019.

With Westbound Transatlantic box volumes marking an increase of 5.4% in the first six months of 2019, its box volumes continue to rise even the growing headwinds. 

Port of Antwerp launched its 2019 results now that the year has come to an end, presenting strong growth for the seventh year in a row, showing a positive impact not only in its economic sector but in the social sector as well.