Freight Rate News Today

as the one which broke off an alaska airlines plane on friday. the air carrier says the disruption is likely to continue into the coming week. this comes just 4 years after all 737 maxes were grounded following two fatal crashes in indonesia and ethiopia. since the plane has came back into service, there have been a number of high profile problems with the programme, including electrical faults and quality control issues. so how much of a wake—up call is this for boeing? lets speak t...

Exports from Kolkata port, a key gateway to eastern India, are facing challenges such as geopolitical tensions, a government-imposed rice export ban, and soaring ocean freight costs. Key export items like engineering goods, shrimp, and rice have been impacted. Freight charges, especially for West Coast destinations, have surged by 30-50% since December 2023 due to the conflict in the Red Sea, leading to rerouting of vessels.

Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines. The post Container lines ‘scramble’ to rent more ships amid Red Sea crisis appeared first on FreightWaves.

Different ship times. - suez canal? it is different for different ship times. a - suez canal? it is different for different ship times. a 2096 l different ship times. a 20% drop in terms of traffic going through the red sea on the suez canal but that is exclusively driven by container ships and maersk have gone back the long way along with everybody else, adding 12 days to a journey to europe, 3500 nautical miles. probably doubling the freight rate. that calculation, financially it benefits them...

The logistics sector endured layoffs, falling freight rates, Yellow's bankruptcy, canal congestion and seemingly non-stop labor negotiations in 2023.

Tickers of Vietnamese shipping and seaport firms have surged 17-32% over the past month, driving a 6.4% gain on Vietnam’s benchmark VN-Index thanks to a brighter outlook for trade and freight and charter rates unlikely to fall further.

Tender rejection data in the FreightWaves SONAR data platform shows that the freight market bottomed on May 14. Since then, conditions for carriers have slowly been improving. The post A freight market turnaround in 2024? appeared first on FreightWaves.

Rate deals and spikes don’t last forever, and smart industry players know caring for the partners who will sustain them when the market inevitably shifts is mission-critical. The post Sustainable freight and logistics vital as capacity correction looms appeared first on FreightWaves.

As central banks pause interest rate hikes, Singhania predicts an uptick in credit demand, adding that he feels the balance sheet of banks and their asset qualities are phenomenal

Recent rapid declines in ocean shipping freight rates are not likely to lead to lower prices on promo products. Meanwhile, the “inventory glut” and demand drop that some retailers are experiencing are not an issue in promo, so far.