Latest News for: Teu rate

Edit

Mixed signals on container freight rates as Red Sea alarm subsides

Seatrade Maritime News 24 Apr 2024
Where both Drewry and Linerlytica agree is that the charter rates are holding up, with the Hong Kong analyst saying charter rates are still rising for all vessel sizes apart from the smaller sectors below 1,200 teu.
Edit

BIMCO: COVID pandemic wiped 24.6 million TEU off container market growth

SAFETY4SEA 17 Apr 2024
... million TEU in 2023 ... Had this been maintained during 2020-2023, the market would have grown at an average annual rate of 2.7% and the 2023 container market would have ended 16.8 million TEU higher.
Edit

Hapag-Lloyd tipped to seek out acquisition targets

Splash24/7 17 Apr 2024
HMM stated this week it intends to nearly double its box fleet to 1.5m teu by the start of the next decade, while ONE’s medium-term business plan seeks to grow its operated fleet to 3m teu by 2030, at an annualised growth rate of 10% a year.
Edit

Multi-billion-dollar Baltimore bridge disaster claims can be handled, ship insurer says

Tradewinds 15 Apr 2024
Britannia, which provided P&I cover for the Maersk-chartered 9,962-teu Dali (built 2015), said it had ...
Edit

Boxship fleet upgrades stir debate

Splash24/7 11 Apr 2024
The CMA CGM Arctic, a giant 15,264 teu containership, only made its maiden voyage out of the docks of Hyundai Samho shipyard in South Korea in June 2022, and yet it is already being penned in for a drydocking.
Edit

ONE unveils plans to join the 3m teu club

Splash24/7 26 Mar 2024
Japan’s Ocean Network Express (ONE), the world’s sixth largest liner, has announced a medium-term business plan to grow its operated fleet to 3m teu by 2030, at an annualised growth rate of 10% a year.
Edit

Rate collapse wreaks havoc with container line returns

Seatrade Maritime News 14 Mar 2024
Hapag-Lloyd CEO Rolf Habben Jansen said the collapse in freight rates last year was “not logical” as demand and utilisation held up and the company handled 11.9 million teu, almost exactly the same as 2022.
Edit

Zim Integrated swings to loss in fiscal Q4

Invezz 13 Mar 2024
Zim Integrated saw carried volume decline 4.6% in the fourth quarter while average freight rate per TEU was down 48% in Q4 ... Wall Street currently has a consensus “underweight” rating on Zim Integrated stock.
Edit

Maersk increases rates by $1,000 per container to US and Canadian ports from India and ...

Business Line 04 Mar 2024
Danish shipping line Maersk has announced a rate increase of $1,000 per container to the US and Canada ports from March 2 ... The rates include basic freight and bunker-related surcharges.
Edit

Lidl’s Tailwind crowned fastest-growing boxline in the world

Splash24/7 01 Mar 2024
The company has also just concluded a three-year term for its largest ship, taking the 6,881 teu Kea, with the reported rate standing at $39,000, marking a notable 15% increase from the last similar vessel fixed approximately a month ago.
Edit

Group net turnover amounted to CHF 23.8 billion in 2023

Fresh Plaza 01 Mar 2024
The conversion rate, which describes the ratio of EBIT to the gross profit, was 22% ... The conversion rate remained at a high level of 44%. The container volume totalled 4.3 million TEU at the end of December 2023.
Edit

Will Red Sea trigger a new supply chain crisis?

China Daily 22 Feb 2024
Competition for slots on ships sent on-the-spot shipping rates soaring; the increase was eightfold on routes between Asia and Europe or North America compared with 2019 ... That's on top of a "peak season surcharge" of $300 and $1,000 per TEU.
Edit

The fine art of capturing the lesser spotted freight rate increase

Seatrade Maritime News 21 Feb 2024
Red Sea disruption, container freight rates, and shipper disputes ...Long term rates are up by 25% since end-September 2023 ... This, together with the increased teu-mile demand due to the Red Sea diversions, will provide support for freight rates.”.
Edit

CMA CGM Unveils Pioneering LNG-Fueled Feeder Ship Class for Europe

The Maritime Executive 16 Feb 2024
The class is rated with a 2,000 TEU capacity while CMA CGM highlights, that they are capable of transporting 45-foot containers which can be loaded onto trailers ... GTT worked closely with the project for the design of the gas chain and storage tank.
Edit

Xeneta: US freight rates from the Far East follow EU’s example

SAFETY4SEA 15 Feb 2024
... to avoid The Suez Canal, there is still plenty of capacity in the market to meet the additional TEU-mile demand and this appears to be being borne out in the flattening of spot rates on major trades.
×