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Maritime News

Expectations of a solid peak season from Asia to both Europe and North America could lead to higher ocean container freight rates in the third quarter, but the gains are likely to be only temporary. Market watchers have little confidence in a sustained improvement as ocean carriers struggle against an...
Drewry’s benchmark spot rate from Hong Kong to Los Angeles remained at $1,800 per 40-foot container for a second week. Full-size chart In a now familiar pattern, trans-Pacific spot prices held steady ahead of another general rate increase after dropping precipitously following the previous hike. Drewry’s benchmark spot rate from Hong Kong to...
A rise in container traffic from Asia to Mediterranean ports has led to a tight capacity issue and a substantial rise in spot prices. Drewry reported a total of 422,000 20-foot containers were moved from Asia to the Mediterranean in March. April TEUs rose slightly to 427,000, but May’s totals rose...
The Shanghai-northern Europe spot rate slipped 2.2 percent to $1,203. Full-size chart Price drops continued to be reflected in the Shanghai Containerized Freight Index this week, as every major lane on the index saw spot rates fall. In the Shanghai to northern Europe lane, the rate per 20-foot container slipped 2.2 percent to...
The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU. Full-size chart With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once...

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