Rates plunge to their lowest level since February 2012

Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight which launched today (Thursday). Drewry’s Global Freight Rate Index fell 12% in April to reach its lowest level since February 2012, when container shipping was still recovering from the last ocean carrier price war. The Index, […]

Civil unrest highlights Europe’s dependence on Suez Canal staying open

Continuing civil unrest in Egypt, particularly around Port Said, highlights Europe’s dependence on the Suez Canal remaining open, according to Drewry’s new online product Container Insight Weekly. According to Drewry’s ‘what if’ calculations, were the Suez Canal to close tomorrow, Europe’s supply chains would be thrown into immediate turmoil, but it wouldn’t last long as […]

Opposite movement for sea and air rates

Ocean and airfreight rates moved in opposite directions in January, according to Drewry’s monthly Sea & Air Shipper Insight. Ocean shippers moving cargo on the key East-West trades continued to see marginal increases for spot cargo in January due to a combination of a seasonal volume boost prior to Chinese New Year and capacity cutbacks […]