Latest news with #Sand
Yahoo
30-06-2025
- Business
- Yahoo
Container rates from key US trade partner plummet 39%
The latest weekly ocean container shipping market reveals a stark contrast in rate movements across major trade lanes, as the trans-Pacific trade from the Far East to the United States saw a dramatic decline. The market average according to analyst Xeneta on Far East to U.S. West Coast services has fallen significantly since a spike on June 1. Declining spot rates have all but erased that recent surge, with rates standing at $3,317 per forty foot equivalent unit on June 27, up just 6% from May 31, effectively neutralizing the recent upward trend. This trade lane is particularly impacted by the U.S.-China trade war, and it is evident that capacity is now more than meeting demand, empowering shippers to push back against peak season surcharges by carriers. In contrast, the market average on the trade from the Far East to the U.S. East Coast has seen a more moderate decline, falling 9% since June 1 to $5,990 per FEU. Despite this drop, the spot rate remains 43% higher on June 27 than on May 31 with the spread between the coasts reaching $2,673, the highest in 10 months. 'Average spot rates have plummeted from Far East to U.S. West Coast, down 39% since June 1, but it has not been so dramatic into the US East Coast with rates holding up stronger – for now,' said Peter Sand, Xeneta chief analyst, in a note. 'The trans-Pacific into U.S. West Coast is the key battleground for carriers when it comes to China exports, so spot rates have fallen harder and faster as they prioritized bringing capacity back onto this trade in the immediate aftermath of the lowering of 145% tariffs.' Meanwhile, average spot rates from the Far East into the Mediterranean and North Europe, which experienced jumps in early and mid-June, remain elevated. On June 27, rates to the Mediterranean were 5% higher and to North Europe 14% higher compared to June 1, indicating sustained demand in these regions. The trade from North Europe to the U.S. East Coast has seen little change, with the market average staying flat from a week ago at $2,105 per FEU. This represents only a 3% increase from May 31. This trade lane is currently influenced by negotiations between the European Commission and Washington on a new trade agreement before July 9, when a 90-day pause on higher tariffs is set to expire. 'Shippers are seeing how this game is playing out and are calling the carriers' bluff by pushing back on the higher rates and peak season surcharges,' said Sand. 'It is only a matter of time until shippers do the same into the U.S. East Coast and spot rates begin to fall sharply there too.' Find more articles by Stuart Chirls maritime chief 'not a big fan' of ocean carriers' 'approach' as agency reviews antitrust immunity Drewry: No 'lasting impact' from tariff break as ocean rates fall again With Mideast shipping on high alert, Maersk re-opens Israel portMaersk unveils new AI platform to simplify customs tasks The post Container rates from key US trade partner plummet 39% appeared first on FreightWaves.
CNBC
23-06-2025
- Business
- CNBC
Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks
Ocean freight rates to the Port of Khor Fakkan in the United Arab Emirates are surging as Israel continues to attack Iran and after a weekend which saw U.S. strikes on Iranian nuclear targets. Rates from Shanghai to the Khor Fakkan, which is situated on the UAE Indian Ocean coastline, are up 76% in comparison to mid-May, according to spot ocean freight rate data tracked by freight intelligence platform Xeneta. The average spot rates have reached $3,341 per forty-foot equivalent unit (FEU.) The Port of Khor Fakkan is located outside the Strait of Hormuz. Due to its location, the port is considered to be one of the most important transshipment hubs for the Arabian Gulf, the Indian Sub-continent, the Gulf of Oman, and the East African markets. "Shippers in the region have acted with caution as the level of risk has gradually increased," said Peter Sand, chief shipping analyst at Xeneta. "Shippers have been frontloading cargo in the most recent months, to bolster the supply chain from adverse disruptions to the flow of containerized goods." The Port of Khor Fakkan has had 81 vessels arrive within the past 24 hours, and 51 ships are expected to arrive in the next 30 days, according to VesselFinder. The conflict in the Middle East has elevated vessel security risks, which have added to operational costs. Vessels are also moving faster, which results in more fuel being used, which also adds to costs. Iran's parliament voted to approve a closure of the Strait of Hormuz on Sunday, but it may not follow through on the move, according to many experts. It is expected to target ships for attack or seizure as part of its retaliatory plans, including ships showing a public U.S. affiliation, according to maritime security firm Ambrey. One major oil tanker operator, Frontline, recently said it would accept no new contracts requiring travel in the Strait of Hormuz. The oil market and stock market reactions to the escalation in the conflict were muted on Monday, without major moves in either trade. But Sand said the spread in ocean freight rates is a leading indicator of risk and uncertainty. The spread refers to the difference between spot market rates and long-term contract rates. The higher the spread, the greater the indication of market volatility and potential risks for shippers. "During times like this, the spread in the market widens," said Sand. It is up from $50 to $1,101 over the past 40 days (May 14 to June 23), according to Xeneta. "The spread is showing the difference between what the smaller shippers, those without much negotiation power, versus the freight rates paid by the larger and stronger shippers," he added.
Daily Mirror
20-06-2025
- Entertainment
- Daily Mirror
Maura Higgins just shared which cream bronzer she uses to get glowy makeup
Looking for an affordable way to get that sun-kissed look while on your next trip abroad? Maura Higgins has just shared her secret for glowy bronzed make-up when she's on holiday and it won't break the bank The Love Island and I'm A Celeb star recently took to Instagram to share with fans some of her go-to makeup products. She uses these to get a sun-kissed glam look while on holiday. Only weeks after announcing her upcoming spot on The Traitors US, Maura looked golden and glowing as she gave fans a list of her makeup must-haves, including this affordable cream bronzer. Maura told fans she'd been using the cream bronzer from Refy in the shade Sand to complete her luminous look. Retailing for £18, this bronzer is touted as having a lightweight, buildable formula that blends seamlessly into the skin for a soft, velvety finish. Pairing the bronzer with her glowy complexion and a soft, smokey brown wing, Maura's Mediterranean look complemented the olden-toned bronze shade of the Refy product. Pitched as being perfect for light to medium skin tones, the Refy bronzer is set to create a naturally bronzed look, like you've just come back from holiday, even if you haven't been jetting off in style quite like Maura. The bronzer doesn't stop impressing with its creamy yet lightweight formula and glowy finish. This beauty is infused with Vitamin E, Sunflower Seed Oil, and Echium Plantagineum Seed Oil, which work to moisturise the complexion while delivering long-lasting warmth and definition without clogging pores or looking cakey. This natural-looking, buildable bronzer comes in five other shades to best suit your skintone, and it promises to even work for sensitive skin sufferers, as it's paraben-free and scent-free. And it's not just Maura who loves this make-up gem, as it currently boasts a near-perfect 4.9 out of 5-star rating, with over 940 reviews on Refy's site. One beauty buff who's just as obsessed with this bronzer beamed: "This bronzer goes on an absolute dream so creamy and light and leaves the most amazing glow!" Further praise comes from this customer who raves: "Lasts all day, goes on beautifully, no caking and gives a stunning looking glow!" And a third shares the same sentiments, saying: " This bronzer is so incredibly easy to wear. I'm obsessed. Glides on perfectly with the brush which I also bought. For anyone who never tans their face, this gives the perfect bronze glow. LOVE IT!"
Wales Online
19-06-2025
- Entertainment
- Wales Online
The £18 bronzer Maura Higgins swears by for a sunkissed glow
The £18 bronzer Maura Higgins swears by for a sunkissed glow It creates that naturally bronzed look like you've just come back from holiday Maura gave fans a glimpse into her beauty routine on Instagram while on holiday (Image: @maurahiggins - Instagram ) While sharing snaps from her recent holiday on Instagram, Maura gave fans a glimpse into her beauty routine and one product stood out: the REFY Cream Bronzer in the shade Sand , which you can buy for £18 at Sephora and REFY. Paired with glowy skin and a subtle brown wing, she left the rest of her look simple, letting the glow do all the talking. The REFY Cream Bronzer is a lightweight, buildable formula that blends seamlessly into the skin for a soft, velvety finish. Sand, Maura's shade of choice, is a golden-toned bronze perfect for light to medium skin tones and creates that naturally bronzed look, like you've just come back from holiday, even when you haven't. For the latest TV and showbiz gossip sign up to our newsletter The REFY Cream Bronzer (Image: Sephora ) REFY's Cream Bronzer is vegan, cruelty-free, fragrance-free and dermatologically tested, making it a staple for any holiday makeup bag. But what do shoppers make of it? One happy shopper said: 'I don't use a lot of cream products but this one was super beginner friendly! 'I've tried a few that have been hard to blend or splotchy, but this one goes on great and blends seamlessly. Love the colour as well.' Someone else said: 'The shade Sand has a unique peachy undertone that surprisingly works for my fair- olive toned complexion. 'Formula buttery smooth, barely have to blend it which makes it quick and easy for daily use! ' Some people did have some views that there could be some room for improvement. One person wrote: 'I love this bronzer. It is easy to apply, has a nice natural finish and has become my go to. 'My only complaint is that there is very little product and I hit pan within two weeks. Then again I am using it daily. Will buy again.' Yet many people couldn't stop singing its praises, noting: 'Look no further, the formula of this cream bronzer is perfection. I have the shade Tan. 'I purchased immediately after watching Emilynoel83's demo. It is highly pigmented and gives your cheeks a plump and youthful look. I plan on picking up the coordinating brush as well. 'Absolutely love this , I'm so impressed. Looking forward to trying everything in the Refy line.' Similar products on the market include Charlotte Tilbury's Beautiful Skin Sun-kissed Glow Bronzer for £45 at SPACENK. Article continues below There's also the Too Faced Soleil Matte Bronzer you could buy at £25.60, or the MAC Cosmetics Skinfinish Sunstrick Bronzer for £25.60, which is currently reduced from £32 at Debenhams.
Yahoo
06-06-2025
- Business
- Yahoo
New world order: Ocean rates up 88% as shippers pounce on lower tariffs
It took one week for the frenzy to set in on the eastbound trans-Pacific. Mid-high average spot rates paid by shippers in the 75th percentile of the market for transit from the Far East to the U.S. East Coast have surged by an astonishing 88% since May 3, according to analyst Xeneta, now standing at $6,100 per forty-foot equivalent unit. This price jump reflects the willingness of shippers to incur higher costs to ensure the movement of goods, driven by the temporary window created by the U.S.-China reciprocal tariff pause. In that time, the Far East to U.S. West Coast average price tracked at $5,082 from $2,615 per FEU. The North Europe to U.S. East Coast average spot rate increased to $2,129 from $2,081 the previous 90-day respite from higher duties has led liner operators such as Cosco, Evergreen, Hapag-Lloyd and HMM to amplify their spot rate charges, Xeneta said, pushing for hikes as steep as $3,000 per FEU. Meanwhile, mid-high spot rates have also climbed by 67% from the Far East to the U.S. East Coast, reaching $7,180 per FEU by early June, as a significant number of businesses attempt to expedite shipments amid volatile trade conditions. The Far East to U.S. West Coast price was $6,100 per TEU. However, the price dynamics are not limited to the trans-Pacific trade. The mid-high shipping rate on the Far East to North Europe route has also seen an upward trend, rising by 32% since the end of May and currently priced at $2,704 per FEU. This increase occurs despite the four-week rolling average capacity offered on this trade lane hitting 346,000 TEUs as of June 5, a level not witnessed even during the peak of the COVID-19 pandemic shipping rush. 'The 88% increase in market mid-high spot rates on the trans-Pacific trade shows shippers are so concerned about getting goods moving again during the 90-day window of opportunity of lower tariffs that they are willing to pay more,' said Xeneta Chief Analyst Peter Sand, in a note. 'Right now, it seems carriers are telling shippers to jump, and some are replying, 'How high?''This spike in rates, according to Sand, is a temporary phenomenon. With capacity returning to the trans-Pacific route, the frantic rush of shipments is expected to subside. As supply chains gradually recover and inventories grow, the pricing pressures will diminish. Sand anticipates that spot rates will reach their peak in June before descending as capacity constraints ease. Additionally, the fluctuations in the trade have ripple effects on other routes, such as Far East to North Europe. Although indirectly affected by the U.S.-China tariff situation, this route feels the impact of global supply chain uncertainties. 'What happens in one region can quickly ripple across global supply chains,' Sand said. The looming threat of increased capacity pressure alongside geopolitical unpredictability is enough to push up spot rates even in these distant markets. Find more articles by Stuart Chirls week sees ocean container rates soarDirtier ports will hurt jobs, US maritime revival: AAPA Texas port completes $625M ship channel deepening project 'Fear and uncertainty' driving up China-US container rates The post New world order: Ocean rates up 88% as shippers pounce on lower tariffs appeared first on FreightWaves.
