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Dry Bulk Market: The 14-day moving average of loaded daily volumes in the Capesize South Atlantic exceeded the 1 million tons demand benchmark

In the third week of February, Capesize Brazil to North China rates experienced an upturn, surpassing the $20 per ton mark. However, with the Chinese Lunar New Year already celebrated, the sentiment regarding freight rates remains uncertain, leaving observers to wonder if there will be a softening in prices. Meanwhile, in terms of supply trends, …

Dry Bulk Market: The 14-day moving average of loaded daily volumes in the Capesize South Atlantic exceeded the 1 million tons demand benchmark Read More »

China-US container leasing rates rise threefold, container demand recovery on the horizon

The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three months into this crisis, container leasing rates on the China-US trade route have surged dramatically, rising by a staggering 223%, or threefold, compared to pre-incident levels. Additionally, demand for containers …

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Xeneta: Spot rates rise above long term market on the Transatlantic trade – but what could be cause?

Sound the klaxon, ring the bell, because for the first time in 14 months the spot rate on the Transatlantic fronthaul has risen above the long term market. Last year, we described the Transatlantic as being ‘like an unwelcome guest at a dinner party’ as carriers used it as a parking lot for excess capacity …

Xeneta: Spot rates rise above long term market on the Transatlantic trade – but what could be cause? Read More »

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