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Shanghai Containerized Freight Index Plunges to New Low

Shanghai Containerized Freight Index Plunges to New Low One of the indicators that show that things are not all that rosy in China, or in the global economy, is the price carriers charge to ship containers from China to its big trading partners around the globe. Those prices have totally collapsed. Two factors are at work: […]

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Container Shipping Rates from China to US, Europe Collapse

Container Shipping Rates from China to US, Europe Collapse “Sluggish westbound volumes have brought about the worst spot market rate collapse that this trade has experienced.” That’s how Drewry Maritime Researchsummarized it in a report a couple of weeks ago. Since then, the collapse of the rates for shipping containers from China to the West has […]

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Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly

Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly This is what two unnamed container shipping executives, one from an Asian carrier, the other from a European carrier, told the Wall Street Journal about the containerized-freight fiasco on the China-Europe route: “We are now shipping at an absolute loss. With […]

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