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ONE sees Q3 profit halved as container spot rate plunge bites
Jan 31, 2023
Ocean Network Express (ONE) profits dropped by 50% in Q3 of FY22 compared the record reported in the previous quarter as the sharp drop in container spot rates took its toll.
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Container spot freight rates rise for first time in 43 weeks
Jan 06, 2023
Container spot freight rates registered a marginal increase at the start of the year, but now sit below the 10-year average according to Drewry.
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Container shipping market outlook for 2023
Jan 05, 2023
The container shipping sector enjoyed an unprecedented boom during the pandemic but the coming year sees a difficult combination of sluggish demand and sharply rising fleet growth.
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Will shippers hold back container cargo from contracts for lower spot rates?
Dec 21, 2022
The yawning gap between container shipping spot rates and contract rates leaves a question on how much volume shippers will commit to contracts when they renegotiate.
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Softer reefer rates still offer a healthy option
Dec 15, 2022
Mainhaul rates both for reefer containers are easing but remain significantly higher than long-term averages.
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Spot and long-term container rate gulf continues to widen
Dec 09, 2022
As container spot rates continue to plunge the gulf with long-term contract levels gets ever wider.
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2023 could bring ‘all-out price war’ for container lines
Dec 07, 2022
As container lines fail to support falling spot rates in the second half of 2022, next year could bring an all-out price war as contract rates follow spot rates down.
Stacked containers in port of Los Angeles
Container lines facing difficult contract negotiations
Dec 06, 2022
As container shipping spot rates drop to close to 2019 levels on some major trades it does not bode well for carriers renegotiating long-term contracts in the coming months.
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Stormy waters ahead and laid-up boxships likely
Dec 01, 2022
The Xeneta Shipping Index (XSI) has fallen more sharply in November than at any time since it was launched in 2019 plunging by 5.7%.
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Asia – Europe container spot rate plunge continues
Nov 25, 2022
Containers spot freight rates on the Asia – Europe trade have continued to crumble over the last week.
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