Hanjin Moves Shipping Rates, But Only a Little Bit — Panjiva
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Hanjin Moves Shipping Rates, But Only a Little Bit

Commodities 189 Energy - Bunker Fuel 90 Energy - Crude Oil 311 Logistics 476 Mode - Bulk 139 Mode - Containerized 1523 Mode - Seaborne 1845 Theme - Rates 239

Spot shipping rates have moved by as much as 40% on specific routes in the wake of Hanjin Shipping’s financial woes. Yet, the broader market looks calmer – container rates out of China overall only increased 1.2% in the week to September 9. While there was a 5.4% rise on China to West-Coast U.S. lanes, other rates – e.g. into Japan – actually fell. Bulk cargo rates moved more significantly – the Baltic Dry Index increased 12% on the week to its highest since October 9 2015.

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