Freight Rates

MSC has reinstated its Pearl service on the Trans-Pacific route, driven by increased market demand and rising freight rates.

Industrial production, rather than consumer spending, is now the primary driver of the freight market's recovery.

The Baltic Dry Index fell by 81 points, reaching 3124, indicating a shift in global dry bulk shipping rates.

This report provides an overview of the latest time charter rates for both tanker and dry bulk shipping sectors as of June 3

India is re-evaluating its coastal shipping cabotage rules for foreign vessels, a policy that drew criticism from the industry

Dalian iron ore futures dipped, while port spot prices decreased amid moderate trader enthusiasm and rigid steel mill demand

Soybean futures are holding near a five-week low due to favorable US growing conditions and strong planting progress.

Global airfreight rates rose 2.8% last week, marking a 32.7% year-on-year increase, driven by tightening market conditions.

Leading shipowners and investors at Posidonia stressed resilience and disciplined investment amidst strong markets.

US truckload spot rates, including fuel, have reached an all-time record, signaling heightened market demand and capacity issues.

The Baltic Dry Index is seeing its best first-half performance since 2023, fueled by strong Chinese iron ore imports

UK manufacturing experienced its strongest expansion in four years during May, with the PMI rising to 53.9.

Genco Shipping & Trading Limited's board unanimously rejected Diana Shipping's revised tender offer for outstanding common shares.

The Baltic Dry Index (BDI) fell for the third straight session, reaching a near one-week low.

Ocean container shipping rates experienced a significant $1,000 weekly surge driven by new surcharges and peak season demand

Global shipping through the Middle East faces persistent challenges, with a ceasefire alone unlikely to restore normal operations

Ocean freight capacity from Asia to North America is severely constrained, with forwarders advising three-week advance bookings.

Bulker S&P activity was strong, with 16 vessels sold, driven by improved US-China trade flow expectations.

Thermal coal futures hit a nine-week high after a deadly gas explosion in China raised supply disruption concerns

FreightWaves' Q2 2026 report provides a review of the past quarter and a forecast for the coming months for freight brokers.

This quarterly report, in collaboration with Trimble, offers a detailed freight rate and demand outlook for shippers.

FreightWaves' Q2 2026 Carrier Rate Report offers an analysis of past performance and future forecasts for carriers.

MSC has ended its Indus Express service from India to the US East Coast due to a 25% decline in April exports.

This supplement from Heavy Lift & Project Forwarding International examines how market volatility impacts shipping lines.

Maersk is implementing new and updated surcharges for cargo movements to and from Australia and New Zealand, effective mid-2026.

The Baltic Dry Index (BDI) saw a minor reduction, falling 17 points to reach 3205 points.

MSC will apply new Peak Season Surcharges from West Mediterranean and Adriatic ports to North America starting July 1, 2026

Container shipping rates from East Asia to the US surged this week, while liquid chemical tanker rates from the US Gulf softened.

The LNG spot market held steady with some tightening in the Pacific, while LPG freight rates are reaching peak levels.

Drewry's Intra-Asia Container Index (IACI) rose 5% to $1,008 per 40ft container, signaling increased spot rates.