Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast, down 43% to USD 3 796 per FEU in the same period.Average spot rates from North Europe to US East Coast are USD 2 000 per FEU, down a gentler 5% since June 1…
The Baltic Exchange's main sea freight index, which monitors rates for ships carrying dry bulk commodities, rose on Friday and snapped a four-session losing streak, buoyed by gains across all vessel segments.* The main index, which tracks rates for capesize…
Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said.The European Union is finalising its 18th sanctions package on Russia…
IFreight rates for Russian oil shipments from the Baltic ports to India eased further in the period from late May to early June, thanks to high tanker availability, but the trend may reverse if Europe's proposed lower price cap comes to fruition…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near two-week low on Tuesday on reduced demand for all vessel segments.* The main index, which monitors rates for capesize…
DataMondial, a player in the world of data and document processing, announced the launch of its latest service: an AI-powered robotization system for processing ocean freight rates. This new service is designed to help logistics providers manage…
Average container freight rates for Chinese exports have dropped 28% since the start of the year, according to BIMCO. This posts the worst first quarter development in twenty years. Based on input from twenty-three liner operators, the China…
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said.The Black Sea is crucial for the shipment of grain…