The Xeneta Ocean iXRT provides an overview of market movements, the key risks and issues to be aware of and insight on how these may develop in the coming weeks and months.
Topics covered in this iXRT Report include:
- Year-on-Year: Spot rates still double pre-Red Sea levels, despite recent drops.
- North Europe to Far East at historic lows, spot rate at USD 295 per FEU, long-term at USD 250.
- Global port congestion hits 10 million TEU, with tight capacity.
- North Europe and US East Coast at multi-year highs.
- New carbon intensity rules, aiming for 2% reduction by 2025, 80% by 2050.
- Rates expected to drop 7-30% in the next 3-6 months, carriers offering discounts on longer contracts.
- US-China tariffs rising, with potential reciprocal actions from other nations.
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