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Container prices surging in Europe

Maritime Activity Reports, Inc. © Gudellaphoto / Adobe Stock For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, an online platform for the leasing and trading of shipping containers. Most pricing and availability indicators now suggest carriers are continuing to favor shipping empties back to Asia as fast as possible to maximize yields on front-haul services rather than wait for less lucrative backhaul loads. The upshot for shippers is rapidly rising prices ...

Container Prices Surge In Europe As Carriers Favour Loading Empties For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, the world’s leading online platform for the leasing and trading of shipping containers. Most pricing and availability indicators now suggest carriers are continuing to favour shipping empties back to Asia as fast as possible to maximise yields on front-haul services rather than wait for less lucrative backhaul loads. The upshot for shippers...

Container xChange: Suez Canal closureincreases the pressure on Europe’s ports The anticipated box crunch at European ports following the closure of the Suez Canal at the end of March has been less severe than expected, according to Container xChange. However, Europe’s leading box hubs are still receiving far more boxes than are departing. The average CAx reading of incoming 20 foot dry-containers across three of Europe's biggest ports – Rotterdam, Antwerp and Hamburg – climbed just 3% in week 17 compared to the week before. At Rotterdam, the increase in incoming 20 ft. dry containers ...

Is air cargo really a bargain right now? 0 525 6 minutes read (Image: Jim Allen/FreightWaves) This is an excerpt from Thursday’s (3/12) Point of Sale retail supply chain newsletter sponsored by ArcBest. Retailers are stuck between playing the ocean waiting game and ponying up for air cargo. The number of container ships in San Pedro Bay has hovered around 30 since the start of the year and levels remain stubbornly high. As of Wednesday, there were 31 at anchor. The CMA CGM Marco Polo — with a capacity of 16,022 twenty-foot equivalent units (TEUs) — has been stuck at anchor ...