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Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
The collision of factors created a spike in freight rates, which had been declining since hitting stratospheric highs due to the pandemic. For the week ending April 5, 2024, freight rates from ...
Shipping stocks have been on the rise as tensions in the Red Sea have reduced container availability — and have sent freight costs higher. For example: Maersk (MAERSK-A.CO, MAERSK-B.CO) shares ...
Forward freight agreement. A forward freight agreement ( FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route ...
Finance. Yahoo! Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management. In addition to posting paid partner content from other web sites ...
Long-term charter from Zodiac Maritime and Eastern Pacific Shipping: MSC Pegasus-class: 2016–2017 19,224–19,462 14 Long-term charter from Eastern Pacific Shipping, Minsheng Financial Leasing and Ship Finance International: MSC Josseline-class: 2019 14,336 5 Long-term charter from Zodiac Maritime: MSC Orion-class: 2019 14,952 4
Shipping rates from East Asia to North Europe have surged 235% since the middle of December, pricing a standard, 40-foot shipping container at $5,106, according to Xeneta.
The Descartes Systems Group Inc. (commonly referred to as Descartes) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud -based services for logistics businesses. Descartes is perhaps best known for its abrupt and unexpected turnaround in the mid-2000s after coming close ...
An increasing number of climate-driven extreme weather events is taking its toll on the world’s major shipping routes — and El Niño could make matters worse.
Maersk and CMA CGM have introduced new charges to transport goods along many of the world’s busiest shipping routes after re-directing their vessels away from the Red Sea because of attacks.
