Page 5 - Container Rate News Today

Trans-Atlantic container rates climb to all-time high amid schedule disruptions Spot container freight rates for trans-Atlantic head-haul shipments climbed to the highest level on record as shippers scrambled to book limited available space on major shipping lines. Platts Container Rate 9 — UK Continent to East Coast North America – increased by 25% from last week to $3,000/FEU on April 12, the highest level since the assessment was launched in July 2017. The increase reflected peak season ...

Container markets face high rates and canceled sailings after Suez incident A new round of cancelled sailings by major container shipping lines could be inevitable after the six-day disruption to Suez Canal transit last month further deteriorated schedule reliability for shipments from Asia to East Coast North America, market sources said. The Suez Canal Authority said all 422 ships stuck in queue after the grounding of the Ever Given in the southern segment of the canal on March 23 had finally...

Trans-Pacific container bottlenecks likely to last until end of Q2: Hapag-Lloyd Port congestion and other logistical bottlenecks that are delaying container ship services and keeping freight rates elevated are likely to last until the end of the second-quarter, German shipowner Hapag-Lloyd’s North America President Uffe Ostergaard said on Feb. 4. Congestion at US ports will get worse in the months ahead before it gets better, Ostergaard said in a virtual forum. The growing queue at the Ports ...

Container rates to UK from North Asia hit all-time high Freight rates from North Asia to the UK hit an all-time high on Jan. 4, as demand continued to rise and ongoing equipment shortages plagued the market, leaving carriers with little option but to increase rates in order to maintain profit margins. Platts Container Rate 11 — North Asia-to-UK — hit $10,000/FEU, an increase of 285% from Nov. 30, and these strong rates are expected to continue through towards the end of the quarter. “It i...

German container carrier Hapag-Lloyd will apply a schedule sliding to its AS2 service between Asia and South America, adding seven days to the westbound backhaul to provide a buffer against port congestion and other terminal slowdowns. This comes in response to the company facing “challenging operational conditions in Asia due to severe congestions,” Hapag-Lloyd said ...