Seatrade Maritime’s Post

Massive increases in container shipping rates since 2 May are the consequence of Asian port congestion, US import demand, reduced Asia to Europe capacity and the ongoing geopolitical risks seen in the Red Sea, sending rates soaring by 28.8% in two weeks. #GlobalLogistics #supplychain #imports

Sounds familiar? ⬇️ Massive increases in #container #shippingrates since 2 May are the consequence of Asian #portcongestion, US import demand, reduced Asia to Europe capacity and the ongoing #geopolitical risks seen in the Red Sea, sending rates soaring by 28.8% in two weeks. #shipping #maritimenews

Different global factors have contributed to the rise in container rates, including the scarcity of available space. Along with the Panama Canal drought and the US-China trade war, the Red Sea crisis significantly adds to the surge. - #container #rates #fak #gri #redsea #coronavirus #internationalshipping #peakseason #supplychain #delays

Asian-US container rates continue to climb amid strikes and tariff fears Asia-US freight rates rise: Freightos data shows that in mid-December, Asia-US West route freight rates rose 10% to $4,301 per FEU, and US-East route freight rose 13% to $5,814 per FEU Tariff expectations and strike fears: Potential tariff increases and possible port strikes are driving growth in container shipping demand European route rates fell: Asia to Northern Europe and the Mediterranean route rates fell 5% and 2%, respectively, but remained high Seasonal demand and weather impacts: Due to the early release of demand before the Spring Festival and the impact of bad weather, some container hubs in Asia experienced congestion #ContainerRates #FreightShipping #TransPacific #SupplyChain #Tariffs #Logisticsnetwork

Last week, freight rates from China to South America did not drop significantly, and the freight index remained stable, which was affected by two main factors. 1. Due to possible port strikes and tariff policies, the demand for exports to the United States increased, causing freight rates to rise by about 10% last week. 2. Due to the Chinese Lunar New Year holiday, the freight market was in good condition and freight demand was stable.

High ocean freight rates are causing European importers to reduce shipments of low-margin and bulky products from Asia, making it economically unfeasible to load such cargo. The soaring costs and additional surcharges imposed by carriers to guarantee space on westbound trade routes are leading to a decline in shipments. This decrease in volume is unexpectedly cooling down the overheated Asia-Europe spot market. The market remains volatile, and with blank sailings expected, it will be crucial to observe the trend over the upcoming two weeks to gauge further developments. Source: JOC #RSLogistics #Freightforwarding #Freightforwarder

Title: Asia-US Container Freight Rates Continue to Climb Amid Strike and Tariff Concerns Key Points: Asia-US Freight Rate Increase: According to Freightos data, in mid-December, freight rates on routes from Asia to the West Coast of the US increased by 10% to 4,301perFEU,andratestotheEastCoastsurged135,814 per FEU. Tariff Expectations and Strike Concerns: Potential tariff increases and the possibility of port strikes have fueled an increase in demand for container shipping. Decline in Europe Route Rates: Freight rates on routes from Asia to Northern Europe and the Mediterranean fell by 5% and 2% respectively, but they remain at high levels. Seasonal Demand and Weather Impact: Due to advanced demand release ahead of the Chinese New Year and adverse weather conditions, congestion has emerged at some container hubs in Asia. #ContainerRates #FreightShipping #TransPacific #SupplyChain #Tariffs #Logisticsnetwork

🚢🌎📈 As global trade tensions continue to rise, cargo rates are feeling the strain. According to a recent article from TTNews, the ongoing trade disputes between the US and China, as well as other countries, are causing fluctuations in cargo rates and creating uncertainty for the shipping industry. 🤔 🌊📉 The article highlights how the recent tariffs and retaliatory measures have led to a decrease in demand for certain goods, resulting in lower cargo rates. This has also caused a shift in trade patterns, with some companies looking for alternative sourcing options to avoid the tariffs. 🔄 💼📊 For companies like Whitewater Freight, it's important to stay informed and adapt to these changing market conditions. Our team is constantly monitoring the situation and working closely with our clients to find the most cost-effective and efficient shipping solutions. 💪 🌟🚚 At Whitewater Freight, we understand the impact that trade tensions can have on our clients' businesses. That's why we are committed to providing reliable and competitive freight services to help navigate through these challenging times. 🌟 🌎📈 Let us help you navigate the changing tides of global trade. Contact us today to learn more about our services and how we can support your shipping needs. 📲 #WhitewaterFreight #GlobalTrade #CargoRates #ShippingSolutions #Logistics #TradeTensions #AdaptandThrive 🌊🚢🌎📈

Have US ports fixed port congestion forever? Despite peak season and booming imports in US ports, we observe a stubborn declining trend in import dwelling times. The phenomenon occurs both in the West Coast (LAX/LGB) and in the East Coast and GoM. https://lnkd.in/dqhY9F_n #containers #logistics #supplychain

U.S. delays tariff hikes on Chinese imports, potential Canadian rail strike could disrupt trade, & air cargo demand continues to surge.  Stay up-to-date on the latest global supply chain and logistics news with our weekly Freight Market Update: https://bit.ly/3WKgW19 #supplychain #radiantdelivers #freightmarketupdate