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

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..