Order book of 7.54mn TEUs signals significant change: BIMCO

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Average container freight rates for Chinese exports have dropped 28 percent since the start of the year, posting the worst first quarter development of the past twenty years.

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Worst Q1 in twenty years, container freight rates from China down 28%

Trades to Europe and Mediterranean have suffered the biggest drop in average rates since the beginning of the year.

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Ship capacity in deadweight tonnes transiting through the Panama Canal between September 2024 and January 2025 was 10 percent lower than the 2019-22 average, according to the latest update from BIMCO.

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Panama Canal in focus again; transits down 10%

U.S. State Department claims govt vessels can now transit Panama Canal without fees; Canal Authority says no such deal.

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As 4.4 million TEUs were contracted during 2024, the second highest ever, the order book grew despite deliveries hitting a new record high of 2.9 million TEUs, according to the latest update from BIMCO.

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