Double-digit rate increases whip up intra-Asia trades
Strong regional cargo demand, buoyant market sentiment and higher bunker costs signal continued upward movement on intra-Asia rates, executives and analysts warn.
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Strong regional cargo demand, buoyant market sentiment and higher bunker costs signal continued upward movement on intra-Asia rates, executives and analysts warn.
Intra-Asia rates are now more than 80% higher than before the US/Israel conflict against Iran, as bottlenecks hinder shipping lines’ attempts to move vessels out of the Middle East...
Intra-Asia container freight rates have reached a two-year high as the peak season (July-October) is brought forward and demand grows. Drewry’s Intra-Asia Container Index showed, o...
Intra-Asia rates continue to rise year-on-year, as major ports are congested amid the early peak season, and there is a slow return of empty containers. On 12 June, the Shanghai Co...
Intra-Asia rates continue to be held up by Chinese exports. While a correction in Shanghai-South-east Asia rates was seen last week, other lanes, such as China-Taiwan, have seen a...
More than half of the new containership capacity added to global markets in the past 12 months is deployed on just two trades: Asia-Europe; and Africa-related routes. According to...
Shipping lines are adding more capacity to the East Asia-Australia route, after freight rates surged by more than 30% within a month. Tight capacity resulting from high demand on t...
Ocean carriers are reinjecting significant new tonnage between Asia and the east coast of South America after pulling ships away to serve an early Asia-Europe peak season.
While enjoying strong growth in the cruise sector, Asia has still been slow to rebound from the COVID-19 pandemic compared to other regions. The preva...
Spot rates from North Asia to Brazil are pushing near two-year highs after blanks on the trade lane last month jumped to their highest in at least three years.
South Korea’s Panstar Group, active in ro-ro ferry operations and as a shipping agency, has boosted its ambitions in container shipping. This month, Panstar joined the Korea Near-S...
Forwarders have linked the sudden boost in rates to lower vessel capacity rather than an indication of resurgent demand, with liners shifting vessels to the more lucrative eastboun...
The Drewry Intra-Asia Container Index (IACI) rose 10% this week to a record high of US$1,114 per 40-foot container. The benchmark index has strengthened in 11 of the last 12 weeks....
South Korea’s container trade with eight major Asian economies fell 5% year-on-year in April, marking the third consecutive month of decline. According to statistics compiled by th...
Shipping lines are adding capacity to the Asia-South America lane, as seen from assignation of the latest newbuilding deliveries. Of the six known deliveries, two ships, Maersk Tok...
Spot prices have more than doubled on Asia–Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
Windstar Cruises is expanding its presence in Asia, driven by the strong demand for voyages in the region with the launch of its 2028/2029 Asia season aboard the 112-suite Star See...
Space on vessels leaving Asia has become tight enough that forwarders are warning customers they must book at least three weeks in advance amid a rush to bring in fall and end-of-y...
South Korean flagship carrier HMM wants to rebuild its intra-Asia shipping business, and is expanding its feeder fleet to pursue volumes. When long-haul container freight rates pea...
OOCL has announced the launch of its new Southeast Asia to Indian Subcontinent Service 2, designated SIS2, commencing June 4, 2026. The service provides a direct connection between...
The US retail inventories-to-sales ratio in April fell to its lowest in more than three years as the market ponders just how much steam the current frontloading push has left.
TORONTO — More than 150 travel advisors joined 27 supplier partners to hear all about unstoppable Asia, at Goway’s Asia Forum yesterday at the Chelsea Hotel, Toronto. Asia’s moment...
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