Spot container rates rise 11% in a week, now up 36% in a month to LA
Spot container rates rose an average of 11.8% this week to $1,761 per 40-foot container, marking a fourth consecutive weekly increase.
Source: furnituretoday.com
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Demand picture for shipping 'far worse than we had foreseen,' analysts warn
The demand picture for container shipping is "far worse" than predicted as the sector struggles with an oversupply of vessels ordered during the pandemic.
Source: cityam.com
Fear of catastrophic shipping accidents rises despite safety gains
Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.
Source: freightwaves.com
Container shipping consultancy Drewry warns that uptick in spot rates and charter-hire prices is transitory
Container shipping consultancy Drewry warns that uptick in spot rates and charter-hire prices is transitory
Source: freshplaza.com
Container shipping consultancy Drewry warns that uptick in spot rates and charter-hire prices is transitory
Container shipping consultancy Drewry warns that uptick in spot rates and charter-hire prices is transitory
Source: freshplaza.com