LONDON – Spot ocean container rates actually fell this week, representing their first decline seen since they began to soar in early May.. Spot rates fell 2% this week to an average of $5,806 per ...

LONDON – Spot ocean container rates fell again this week, continuing the weekly decline that started three months ago. At an average of $3,216 per 40-foot container, rates are now far lower than they ...

Meanwhile, long-term contract rates finished 2022 about 20% lower than the pandemic peak of more than $8,000 per container, according to maritime consultancy Drewry, which expects contract rates ...

The cost of shipping goods by ocean from Asia to the U.S. is turning upward as container lines try to reverse a monthslong slide in rates ahead of the busy importing season.

Testing the peak Covid era $30,000 container rate. On Thursday, Sea-Intelligence issued a note forecasting that Asia-Europe spot prices could exceed $20,000, with the Red Sea crisis — the Houthi ...

Hapag-Lloyd is one of the largest Ocean carriers. They have a fleet of over 250 container ships and a transport capacity of 1.8 million TEUs. They recently announced they will equip their entire ...

One of AP Moller-Maersk’s container ships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather. About 750 containers from the Maersk Essen fell ...

The major alliances are 2M (Maersk Line and MSC), THE Alliance (Ocean Network Express, Hapag-Lloyd and Yang Ming), and OCEAN (CMA CGM/APL, Cosco Shipping and Evergreen Line). In late 2020, the FMC in ...