Despite the rebound in freight rates, the main bulk carrier index still fell by 10%.

Due to the strengthening of Capesize shipping rates, the Baltic Dry Index (BDI) has rebounded since early November, but the index is still down 10% year-on-year. Filipe Gouveia stated, "Compared to October 2024 and November 2023, the shipping volume in the Capesize market has increased by 1% so far in November. However, this increase is still not enough to return to the highs of the first three quarters of 2024." BIMCO shipping analyst.

Despite the recovery in demand for cape-sized vessels, the Baltic Dry Index still fell by 10%.

In this week's 'Shipping Data' released by BIMCO, shipping analyst Filipe Gouveia focuses on the recovery of the Baltic Dry Index (BDI) in November. So far in November, the capesize market has benefited from an increase in shipments, but the index is still down 10% year-on-year.

As passenger airlines reduce services, transatlantic air freight rates are rising.

Although freight rates from Asia have remained stable in recent weeks, rates on transatlantic trade routes have begun to rise, as passenger airlines have been reducing bellyhold capacity to adjust for the winter off-season, and Guarulhos International Airport (GRU) has also been affected by congestion.

This year, the cargo transported by the western land-sea new corridor trains has exceeded 800,000 TEUs.

Recently, it was reported by the Nanning Railway Bureau Group Co., Ltd. of China that since entering the fourth quarter, the demand for rail-sea intermodal transport in the Western Land-Sea New Corridor has continued to strengthen, with an accelerated growth in cargo volume. As of November 20, the cumulative transport of container cargo by the Western Land-Sea New Corridor trains has exceeded 800,000 TEUs, reaching 805,400 TEUs, a year-on-year increase of 5.3%.