container rates

The cost of leasing shipping containers is rising. What Happened: The average cost to ship a 40-foot container from China to the U.S. West Coast has jumped from $1,1765 in June to $1,534 in July and from $1,149 last month to $1,477 this month, data from online container leasing platform Container...

Two electric van startups are facing different challenges in the months ahead, but at least one analyst remains supportive of both firms' long-term potential. Electric Last Mile Systems (ELMS) will be first out of the gate with its Class 1 electric van, but shipping costs could alter the pricing...

Good news for ocean carriers: The cost to transport a container from Asia to the U.S. is up year-on-year by double digits. Less-good news: The upward momentum of rates seen last week is gone. According to Eytan Buchman, chief marketing officer of Freightos, "Last week's spike in ocean rates has...

JP Hampstead and Zach Strickland continue to assess the impacts of the Coronavirus on volumes and rates. Apple Podcasts Spotify Watch the LIVE video More FreightWaves Podcasts Image Sourced from Pixabay

IMO2020 is an environmental rule effective January 1, 2020 that regulates how much sulfur a ship can give out in its exhaust. IMO stands for International Maritime Organization; 2020 is the year the rule begins. The IMO is a UN-sponsored agency.  Oil expert, John Kingston and Craig Fuller...

Explaining Ocean Container Rates When it comes to the price of transporting goods from one place to another, ocean container rates are a bit different from rates in other modes of transport in the way they are negotiated and governed. Generally, when people refer to ocean container rates, they...

Spot market freight rates on the southbound Asia-Oceania trade lane are defying the laws of economics as rates are rising but volumes are falling, according to new insights from maritime analyst Drewry. Declining Ocean Volumes Volumes have declined for four consecutive quarters on the Asia-to-...

This is a crucial time for container lines. Their future financial health relies upon whether or not they can pass along new fuel costs to cargo shippers. Only three weeks remain until the IMO 2020 regulation takes effect. On Jan. 1, all vessels without exhaust-gas scrubbers will have to switch...

Container freight rates have surged over the last fortnight and shippers should expect more hikes in the coming weeks, according to one leading analyst. After a mostly tepid October, spot freight rates on mainline Asia-Europe and trans-Pacific services spiked by 12-30% at the end of the month as...

A computer platform "where shipping lines and their customers can negotiate forward contracts could help improve vessel utilization levels and reduce freight rate volatility," says a white paper based on research conducted by the London-based shipping consultants Drewry and the supply chain...