The upward trend in container freight rates continues. After the cargo movement and freight rate hikes that occurred on North American and European routes last year, the freight rate market had remained relatively calm. However, the Suez stranding accident in March of this year triggered an unprecedented rise in freight rates, and the subsequent turmoil at the Yantian port in China also spurred a rise in the market. The most recent preliminary figures released by some shipping companies show that profits increased even more than in the first quarter, and the improvement in the first half of the year is sure to gain momentum. Cargo movement is expected to enter a peak season, and freight rates are expected to remain high for the time being.
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See AllOcean freight rates decreased via the West Coast of North America (-5.6% week-on-week), via the East Coast of North America (-3.5%), Europe (-7.0%), and Korea (-4.4%).
U.S.-based Descartes Datamine has announced container transport volumes from Asia to the U.S. (outbound) and from the U.S. to Asia (inbound) for September and August, respectively. According to the re
IATA said the air cargo market is stable despite demand falling for the sixth month in a row in August. The airline association’s latest data shows that demand in August fell by 8.3%, which was a slig