Container freight futures have seen significant increases, with the index rising over 4% to 4233 and nearing a new all-time high. The FBX index jumped over 7% in a day, and Maersk has raised its guidance by $3 billion. The Baltic Dry Index also saw a slight increase, while the Capesize index surged by 188 points. Strong shipping demand and disruptions in the Red Sea, particularly due to Houthi activities, are driving profit growth at Maersk. Composite rates for 40-foot freight containers have been rising sharply, especially on routes from Shanghai to New York and Rotterdam. The most active INE Containerized Freight Index contract opened up 3.7% to 4,527, marking a new high. Ocean rates have surged to year-to-date highs, and Maersk has lifted its guidance for the second time due to the ongoing crisis in the Red Sea.
With 30 minutes left, today is the opposite of yesterday with an 80-90% shipping up day. $ZIM now +10%. Soooooo close to a 52 week highs $NMM +7%. $GLNG +3% Just a very strong day! Only nano caps are struggling. https://t.co/76vyGVXtzf
More modal shift predicted as rising spot rates squeeze markets #logistics #freight https://t.co/RIqAwEbSYN
Top VIE-covered shipping movers in the US today: $ZIM +7% $ASC +3% $GLNG +2% On the downside, $CLCO -1.5% Take advantage of our current VIE special (ending tonight!) with a $199 trial month + 30% off the first year at: https://t.co/TDrBwxBGFI
After a down shipping day in the U.S. yesterday, shipping mainly down in Europe today: - $FRO $OET $HAFNI -2% - $AGAS $BWLPG -2% Capesize index was up +879 today and FFAs are up, so dry bulk is trending green. Take advantage of the FINAL day of our current VIE special with a…
Largest shipping volumes pre market: $ZIM +1% on 31K $FRO +.5% on 13K $TRMD Flat on 6K $GOGL $SBLK +1% on 5K US indices green pre market. Oil +0.5%
Composite rates per 40-ft freight container have been rising sharply for some shipping routes ... largest increases for Shanghai-New York and Shanghai-Rotterdam routes @DrewryShipping @DataArbor https://t.co/AnD4yvbwIj
For Second Time, Maersk Lifts Guidance As Red Sea Crisis Sends Container Freight Rates Soaring https://t.co/a7ALVFcnr4
⚡The most active INE Containerized Freight Index (Europe Service) contract opened up 3.7% to 4,527 on Wednesday, marking another new high since its debut. #China #Shipping Copper -2.1%, #tin -1.4%, #nickel -1.1%, #zinc -0.45%. #Aluminum +0.02%. Shanghai #silver falls 2.9%, and… https://t.co/zwyT6mK5ma
A.P. Møller-Mærsk said Monday it expected freight rates to keep marching higher through the rest of the year due to strong container market demand and ongoing disruption in the Red Sea https://t.co/lUjrX9s7jv Houthis are pushing up shipping rates, and causing port congestion.
Strong shipping demand and Houthi disruptions are driving profit growth at @Maersk https://t.co/f4XjrHG9m0
Baltic Dry Index: 1813 (+5) Capesize index: 23,545 (+188) Panamax (P5) index: 15,112 (-18) Supramax index: 13,920 (-74) FFAs have improved and around flattish now. Equities flattish … other than $HSHP $NMM $SBLK $BDRY $HSHP $GRIN $GOGL $GNK $PANL $SB $SHIP https://t.co/M7YD6nJyGw
Shipping’s new reality #logistics #shipping #freight https://t.co/mcsJ01gicL
Ocean rates surge to year-to-date highs #logistics #shipping #freight https://t.co/ld2ejhwIHW
Maersk sees deeper impact to world trade from Red Sea disruption https://t.co/k3mtbzZLq4 via @CHRWIENBERG https://t.co/BMUZ6FZGKn
The container freight index up further tonight, now up over 4% and so close to a new ATH. So to review the past 12 hours: - FBX jumps over 7% in a day - MAERSK bumps guidance by $3B - Container fright futures up over 4%. Making for an interesting Tuesday! $ZIM $MAERSK $HKAG https://t.co/ap7LnLLeE2
Container freight futures up +0.54% at 4233. Very range bound 4200-4300. $ZIM $MAERSK $HLAG https://t.co/Sy8lO5ZzhX