Sharp drop in box shipping rates
The slowdown in the growth in demand for goods from the US has led to new spot market imbalances
Israel-Iran conflict, 3.4% of container traffic volumes at risk
The tension in the Middle East remains high after Iranian missiles hit the huge Soroka hospital in Beer Sheva a few hours
Asia-US West Coast capacity boom
Shipping companies are planning to add 397,000 more TEUs to the trade route for June and July
Europe-Far East still top trade route
In just 2 years, carriers have added 2.26m TEUs of capacity, bringing the total fleet up to 7.8m TEUs
Box spot rates up 2% on last week
Tariffs have risen to an average of $2276/FEU. Drewry expects the trend to continue
China-US truce boosts freight rates
Shippers frantically resorting to front-loading has sent freight rates up 8% on a weekly basis
Maersk keeps its full-year guidance
The Danish shipping company says it is moderately optimistic after positive Q1 financial results
Africa, top destination for Chinese goods
Spot rates from Shanghai to West Africa have fallen by less than half compared to the general trend since Jan.
A light on the horizon
Uncertainty continues in the shipping market, but a fair deal between China and the US is looking more realistic