Consumer spending declines and so do freight rates
The price of shipping goods on vital global trade routes has fallen 85 per cent below its peak as the cost of living crisis hits
The price of shipping goods on vital global trade routes has fallen 85 per cent below its peak as the cost of living crisis hits
Close to 6% of the global boxship fleet is now idle, up from just under 5% a week ago, according to Alphaliner. It appears that
The Drewry’s World Container Index (WCI) annexed the psychological mark of US$2,000 on the downside for the first time since July 2020, post the first
Weak consumer demand and consequent easing of supply chain congestion has resulted in an expensive post-boom hangover for ocean carriers, as their equipment storage costs
India, the fastest growing major economy in the world, is seeing ever greater volumes of large boxships visiting its shores, necessitating the construction of far
Alphaliner’s latest report, released on 1st February, said that the unrelenting slide in freight rates and cargo volumes, particularly in China after the Chinese New
Danish maritime data analysis company, Sea-Intelligence noted that it was expected that box carriers would utilise Chinese New Year (CNY) as an opportunity to cancel
It is no surprise that the World Bank-powered index finds China, South Korea, Singapore and the United States in the top four positions. China handles
This year, container freight rates will be determined by how liner operators control shipping supply, rather than actual cargo demand, predicted a key South Korean
The price of shipping goods on vital global trade routes
Close to 6% of the global boxship fleet is now
The Drewry’s World Container Index (WCI) annexed the psychological mark
Weak consumer demand and consequent easing of supply chain congestion
India, the fastest growing major economy in the world, is
Alphaliner’s latest report, released on 1st February, said that the
Danish maritime data analysis company, Sea-Intelligence noted that it was
It is no surprise that the World Bank-powered index finds
This year, container freight rates will be determined by how
