Economy

  • Fitch Says Shipping Rates Rally Has Peaked


    Apr 20, 2021 — Global freight rates will remain high in the short term, but will moderate in the longer term once shipping supply-chain disruptions are cleared and more new ships are deployed, Fitch Ratings says. Fitch says demand for container shipping is high due to the mismatch between increased pandemic-induced trade and operational disruptions to the shipping supply chain, such as container box shortages and port congestions.
  • Options for shippers narrow as air cargo charter prices hit new heights


    Apr 7, 2021 — Supply chain shocks aside, the last two weeks of March saw air freight stabilise, with just single digit fluctuations in rates. But, as anticipated, forwarders have reported sky-high charter rates in response to the Ever Given Suez crisis.
  • Global warehousing costs set to rise as capacity slips behind demand


    Mar 30, 2021 — Shippers and consignees need to brace themselves for a significant increase in US warehousing costs, according to real estate giant CBRE. It warned that rampant demand, coupled with tight supply and rising construction costs, could drive up warehousing rents by 10% this year.
  • Inactive boxship fleet to surpass 3m teu for the first time


    Apr 8, 2020 — The sudden massive volume of blanked sailings announced in recent days is set to create new records in terms of the inactive containership fleet, which analysts at Alphaliner are now saying will breach the 3m teu mark for the first time meaning some 13% of the entire global box fleet will be out of work. The inactive containership fleet had actually been dropping for most of the last month having hit a record of 2.46m teu at the start of March.