. Reefer spot rates soon back to pre-pandemic levels as dry premium dissolves The latest ocean freight rates data from Xeneta suggests an increasing “normalization” of the reefer market, with spot rates from the Far East to Northern Europe now back to pre-pandemic levels. This means short-term reefer rates on the trade have collapsed from […]
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North Europe to Far East spot rates now below pre-pandemic levels, as backhaul follows fronthaul fall The latest ocean freight rates data from Oslo-based Xeneta shows that backhaul spot rates are now firmly following the fronthaul trend, with significant drops on key trades. This is exemplified by the North Europe to Far East container corridor, […]
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Reefer spot rates are proving more resilient than dry container prices on exports from North Europe, with slow declines as opposed to dramatic drops. According to the latest market analysis from Oslo-based Xeneta, all main trades from the region have experienced falls over the past three months. However, unlike the dry market, the routes are […]
Read MoreWhile spot rates for ‘dry standard’ FEUs are declining on the world’s key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Europe to Far East route. According to the latest market intelligence from Xeneta, which crowd sources real-time ocean freight rate data from leading shippers, the average 40’ […]
Read More. Short- and long-term rates converge on Far East to US routes, offering opportunity for carriers and shippers alike Declining spot rates on the Far East to US West Coast and East Coast ocean freight trades have converged with historically strong long-term rates, presenting business opportunities for both carriers and shippers. According to the […]
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After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices, means rates have risen across 15 of the last 17 months. They currently stand 87.9% up […]
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After another month of high demand, over-stretched infrastructure and difficult negotiations for shippers, long-term contracted ocean freight rates now stand 85.5% higher than at this point last year. Although August saw rates rise by a relatively modest 2.2% (contrasted to July’s astonishing 28.1% jump) there appears to be little sign of relief on the horizon, […]
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2021 has got off to flying start for long-term contracted ocean freight rates, according to the latest XSI® Public Indices report from Xeneta. January’s XSI®, which gleans unique intelligence from crowd sourced real-time shipping rates, shows one of the highest ever monthly rate increases, with a global jump of 5.9%. This leaves the index 4.5% […]
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