Thursday, December 8, 2022

Freight Rates

The SHIFEX index, which monitors container ocean spot freight rates, showed that freight rates for 40’ containers moving from China to the port of Los Angeles fell to $1,825 in October, which was equivalent to the...
If you are a new customer about to sign a service contract with Maersk or an existing contract customer whose rate contract is up for renewal and you ship your containers to inland destinations, get ready...

Analysis of container spot freight rates vs contract freight rates

The debate surrounding container ocean spot freight rates vs contract rates rages on stronger than ever as the decline in spot rates continues unchecked.....

Suez Canal increases tolls 10-15% – linked to massive profits by container shipping lines

Dry bulk and cruise ships increase by 10% All other ships increase by 15% Increase in tolls linked to increase in freight rates The...

Excessive Ocean Carrier Profits at Risk as Rapid Decline in Spot Rates Prompts Renegotiation of Contract Rates

Suffern, NY, September 14, 2022 – SHIFEX, the only forwarder-driven container spot freight rate index, recorded the lowest freight rate in 24 months between...

And here comes Peak Season Surcharge on the Trans-Atlantic

Peak Season Surcharge (PSS) = a seasonal fee applied during high volume shipping periods in certain trade lanes.. This is a fixed quantum per...

A new low in US container freight rates set to ease inflation

Spot freight rates drop to lowest levels since April 2021 China/US West Coast rates down 72% Y-O-Y China/US East Coast rates down 54%...

Spot or Contract Rates – Which is the lesser of the two evils – The Great Debate

Spot Freight rates are ocean freight rates charged by ocean carriers from port to port generally for one shipment, specific vessels or in some...

Continued decrease in Ocean freight spot rates seen as positive measure to curb inflation – SHIFEX by Shifl

Consumer sentiment towards retail has been consistently falling over the last few months on account of rising inflation, even as prices of everyday commodities...

Meet SHIFEX – the new freight index on the block

Digital forwarding and supply chain platform Shifl has announced the launch of SHIFEX, an Ocean Spot Freight Rate Index for container shipments which is now...

Mutually enforceable contracts are key to overcoming future supply chain crunch – Fact Finding 29

- Drastic ocean freight rate increase due to market forces of supply and demand - A dozen recommendations made to alleviate US supply chains disruptions -...

Container spot rates to US tumble on the back of plummeting demand while transit times improve

The US GDP fell 1.4% in the first quarter of 2022, which has concerned economists and analysts alike. Ripples have been felt across the...

China/US spot freight rates set to fall even further warns Shifl

Trans-Pacific container spot freight rates between China and the US West Coast and US East Coast have been on a steady decline since peaking...

Spot freight rates continues to decline as US importers slow down on replenishments

Suffern, NY, March 22, 2022 – Transit times for containers moving between ports in China and their counterparts on the US West Coast declined...

Glimmer of hope as spot freight rates, transit times and gate-out times improve in US ports

Container spot rates between Chinese base ports and the US West Coast and East Coast are seeing a steady decline since they peaked in...

Trans Pacific spot rates trend lower while high transit times remain a concern

Trans Pacific container spot rates between Chinese ports and the US West Coast and East Coast have been fluctuating substantially since April 2021.  "2021 has...

shifl to launch the first-ever no-fee instant payment and banking platform for supply chain

Shifl’s widely-used supply chain software is now rolling out its newest addition: A modern financial technology built alongside its sophisticated logistics technology. Creating...

2021 – The Year of the Carrier and Supply Disruptions.. Shipping and Freight Resource – Annual Review 2021

This is the Annual Review of the shipping and freight industry in 2021 by Shipping and Freight Resource.. This is an in depth look into what transpired in our industry in 2021 in terms of the maritime and global trade, shipping and freight practices, Global Shipping Alliances, Carriers and their profits and mostly about the disruptions surrounding supply chain.. Welcome to The View from the Top..

Average Transit time from China to New York outperforms Los Angeles/Long Beach transits

As many container vessels continue to loiter across Southern California and farther, waiting for berths at the ports of Los Angeles and Long Beach...

Container spot rate relief continues for customers in November

The relief that some of the shippers had from the drop in China-US container spot rate market in the first week of October 2021 seems to be continuing into November 2021.

As per Shabsie Levy, CEO & Founder of digital freight forwarding company Shifl, “With the holiday shopping rush seemingly over and the already ordered goods sitting inside thousands of containers on many ships across the USA, the drop-in freight rates on the spot market continues into November 2021.”

China-US freight rates plunge, but China manufacturing woes create new headaches for shippers

Shippers might finally be catching a break, as China-US spot freight rates plunge in the first week of October.

With Chinese manufacturers throttling production due to the power crisis and the off-season coming into view, competition for freight capacity in terms of containers and vessel space has fallen off, moving prices down by up to 51.4% on some routes.

CMA CGM to stop all spot freight rate increases

The shipping industry and particularly exporters and importers have been subject to heavy freight rate increases since the 3rd quarter of 2020 increasing from around $2,032/40′ in September 2020 to $10,519/40′ in September 2021.

Many customers have been complaining about the attitudes of shipping lines who they claimed were breaching contracts and demanding higher spot freight rates.

Perhaps taking cognisance of this, CMA CGM, the world’s fourth largest container shipping line has taken a decision to stop all spot rate increases.

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