Xeneta: Red Sea conflict brings emissions increases
According to Xeneta, conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released.
Read moreAccording to Xeneta, conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released.
Read moreTwo weeks after Xeneta reported that ocean freight shipping spot rates from the Far East into Europe may have peaked during the Red Sea crisis, it is now observed that trades into the US have followed a similar pattern.
Read moreThe Red Sea crisis has seen ocean freight rates increase faster than the early months of the Covid-19 pandemic as swathes of shippers are told some of their contracts will not be honored, Xeneta highlights.
Read moreEarly indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data released by Xeneta on 23rd January.
Read moreAny hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo’s Xeneta indicated the market is once again in decline.
Read moreXeneta crowdsources real-time rates data from leading global shippers, allowing it to assess the very latest market moves, with the cost of shipping containers out of Europe has plummeted from the peak prices of 2021 and 2022.
Read moreThe latest ocean freight rates data from Xeneta suggests an increasing “normalization” of the reefer market, with spot rates from the Far East to Northern Europe now back to pre-pandemic levels.
Read moreMr. Peter Sand, Chief Analyst, Xeneta, says that this year brings several challenges to the carriers but opportunities to the shippers and explains how the ongoing global supply chain crisis will evolve in the coming years, according to Xeneta data.
Read moreThe year ended in somewhat anti-climactic fashion for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI) showing a decline of just 0.1%.
Read moreWhile spot rates are sailing in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates are failing to take off on major intra-Asian and long haul trades. According to Oslo-based Xeneta, such developments will likely impact on long-term contracted rates negotiations in the very near future.
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