MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December ...
Online shipping platform Container Xchange also says ocean freight rates rose dramatically on some routes between November 2023 and this February. Persistent Red Sea attacks continue to lead to shifts ...
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With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis' attacks, cargo prices are soaring. Just when Covid ...
The average cost to ship a 40-foot container from China to the U.S. West Coast has jumped from $1,1765 in June to $1,534 in July. There is concern that the surge in container demand is driven by large ...
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Container freight rate slide hits CMA CGM, ZIM earnings
Global container shipping capacity continues to outpace demand, pushing spot rates lower and clouding carriers' outlook for 2026.
The bubble for container leasing rates, which have risen sharply in recent months, could be due to burst by the end of June. Rates for 40-foot-hight cube containers for lease in China increased by 45% ...
Exporters can find other East Coast ports to use, but container repositioning ripple effects are likely, trading advisor Container xChange says. Although the Baltimore bridge incident could cause ...
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and ...
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