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Freightos Baltic Index

Port Report: U.S. retail inventories high as container rates retreat

North America’s biggest shippers issued mostly upbeat forecasts for consumer spending for the back half of 2019. But the outlook is providing little boost to spot rates for container shipping as U.S. inventories stay high and the front-loading of Chinese imports appears to have played itself out early in the third quarter. As FreightWaves Chief …

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Port Report: Trans-Atlantic west is lone bull market for boxships

While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar  and capacity discipline as the keys to keeping that market firm. Globally, spot container rates are stuck at one-year lows. The Freightos Baltic Index (SONAR: FBX.GLBL …

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Port Report: Trans-Pacific outlook worsens on U.S.-China trade tiff

The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the weak rates are the set-up for service cuts by the ocean carriers in the coming weeks. As reported in FreightWaves , the Freightos Baltic Index …

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Port Report: Draft restrictions push Panama Spread to unseasonal high

A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for U.S. East Coast-bound cargo. Starting next week, the Panama Canal Authority will reduce the maximum allowable draft for the largest of ships that use the …

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