Container freight futures have surged with notable increases in various months. The Drewry composite index rose by 1.8% to $4800 per 40 ft box, showing a significant gain over the past weeks. Ocean freight rates are escalating, with fears of surpassing $20,000 and no relief in sight, impacting global trade. Asia-Europe spot rates could exceed $20,000 per FFE, and U.S. container imports are expected to surpass 2 million TEUs for the next 7 months.
Red Sea crisis: The Drewry World Container Index (WCI) increased 2 per cent to $4,801 per 40ft container this week and increased 202 per cent when compared with the same week last year https://t.co/wdZQapFAGz
Container Spot Rates Set to Rise Further https://t.co/BaqKcOZaXg
U.S. container imports to surpass 2 million TEUs for next 7 months #logistics #shipping #freight https://t.co/euZ9exF1ZF
Anyone got a ship for an east-west service? Carriers scramble for tonnage #logistics #shipping #freight https://t.co/ruiPha5n2a
Asia-Europe spot rates could surpass US$20,000 per FFE #logistics #shipping #freight https://t.co/5BbhIpp5ex
#China-#Europe freight train service made 1,724 train trips in May, up 14% YoY, with 186,000 TEUs of cargo transported during the same period, up 13% YoY, setting a new record in the monthly freight volume, according to China State Railway Group. https://t.co/AU5NucnoU4
Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas. https://t.co/VCUeg4xSt2
Fears are rising ocean freight rates may surpass $20,000 with no relief for global trade into 2025 (CNBC) https://t.co/H8LPK1aO6a
What's in your wallet? GEOPOLITICS Far East to U.S. ocean freight rates are up between 36%-41% this year with orders down 48% month over month. Rate cuts will save usπ https://t.co/iEB0JNL292 #fintwit #OOTT #energy #economy #inflation #supplychaincrisis #politics #geopolitics https://t.co/Vj9MGinVeN
Commodities are lower in China β¦ but not container freight futures! Container freight index up another 2% today. $ZIM $HLAG $MAERSK https://t.co/VlP1MBCc1w
BREAKING TRADE NEWS- Fears are rising ocean freight rates may surpass $20,000 with no relief for global trade into 2025 https://t.co/M9l5KdGSNA
Container bubble ready to burst #logistics #shipping #freight https://t.co/WuhhS4xQs6
Boxships being chartered for in excess of $100,000 a day #logistics #shipping #freight https://t.co/r49l7HoPhs
The recent rapid rise in global #container #freight rates has slowed with the latest update showing a 1.8% rise in the Drewry composite to $4800 pr 40 ft box. In the last seven weeks, the index has surged by 77%, a YoY gain of 202%, with the latest increase being led by gains on⦠https://t.co/BzibUOAarc
Container freight futures rallied further overnight: August +5% October +8% December +10% February +9% April +7% $ZIM $MAERSK $HLAG https://t.co/MJpbrxXqv1