High ocean freight rates to normalise in around two years

25 Nov 2021 CW Team

The high ocean freight rates in 2021 may take more than two years to normalise if past market cycles are any guide. It is the analysis of the Sea Intelligence, which is a Copenhagen-based maritime data and advisory firm.

During the last five downturns in the China Containerised Freight Index, the average weekly rate of change ranged between -0.4% and -0.9%.

CEO of Sea Intelligence, Alan Murphy, said that the 0.9% decline during the global financial crisis of 2008-09 then would take 18 months to normalise. If the rate of decline is similar to the average seen over the five rate decline periods, it will take about 26 months to normalise.

The container shipping rates have dropped in the past few weeks from their highest peak in September and October. However, the Freightos index of transpacific rates, which has the strongest demand, is about 300% higher than a year ago.

Sea Intelligence in the strength of the market's latest price hike and compared to the past five periods of increase. Murphy said that the current level comes after 17 months of the sustained rate increase, resulting in becoming 30 months before normalising.

Image Source

Infrastructure Urban

03 Nov 2025

Wipro to Drive HanesBrands’ GenAI-led IT 2.0 Transformation

Wipro Limited, a leading AI-powered technology services and consulting company, has signed a multi-year strategic agreement with HanesBrands Inc., a global apparel leader, to accelerate its IT 2.0 transformation. Using the Wipro Intelligence™ WINGS platform, the partnership aims to modernise HanesBrands’ IT infrastructure and cybersecurity operations with an AI-first approach. The collaboration marks a milestone in HanesBrands’ journey to establish a unified, AI-led managed services model. Wipro will deploy its WINGS Operations AI platform—part of the Wipro Intelligence™ suite—to ..

Bondada Engineering Posts 153 per cent Revenue Growth

Bondada Engineering (BEL), a leading solar EPC and infrastructure company, announced strong financial results for the half-year ending September 30, 2025. The company achieved a 153 per cent increase in consolidated revenue and a 151 per cent rise in profit after tax (PAT) compared to the previous period. Consolidated revenue reached Rs 12.16 billion, with an EBITDA of Rs 1.43 billion and PAT of Rs 925 million. The company’s order book stood at Rs 59.9 billion, ensuring continued growth momentum. The Renewable Energy segment contributed 78% (Rs 9.5 billion) to total revenue, followed by T..

Culture Circle Unveils Insta Ship for India’s Fastest 24-Hour Delivery

Culture Circle, India’s leading hype and luxury fashion app, has unveiled Insta Ship, a groundbreaking 24-hour delivery feature that allows customers to receive their favourite fashion items within a day of placing an order. This marks India’s first-ever 24-hour delivery initiative in the luxury and hype fashion space, setting new standards for speed and customer experience. Insta Ship provides access to a wide range of premium brands such as Nike, Adidas, Yeezy, Jordan, Louis Vuitton, Balenciaga, Dior, and more, allowing fashion-forward consumers to enjoy their exclusive pieces faster th..