Total 148 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202451] As the market approaches the end of 2024 amidst increasing uncertainty given the prospect of another US East Coast port strike, looming US import tariff hikes and potential disruptions from the new alliance reshuffles, there are some positive developments for carriers who have managed to reverse the recent freight rate slide to keep 4Q rates above the 2Q levels. This will allow carriers to negotiate the new 2025 cont
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202450] It was a mixed week for container freight rates with carriers able to hold on to their early December rate gains on the Asia-Europe, Middle East and Latin America routes but continued to lose ground on the Transpacific. Price competition on the transpacific route remains very keen with none of the main carriers willing to give up market share ahead of the alliance reshuffle in February even as newcomers such as Hede,
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202449] Container freight rates are still on track to stage a December rally, although initial gains on the Asia-Europe, Middle East and Intra-Asia routes have been tempered by continued weakness on the Transpacific and Oceania routes. Carriers’ efforts to push ahead with various rate hikes in November and December have stemmed the rate reductions of the previous 3 months, giving the carriers an improved bargaining position
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202447] Container freight rates continue to slip with cargo front loading ahead of the new Trump tariffs providing little relief to the market. The US West Coast suffered the sharpest rate drops despite healthy volumes being recorded from Asia as capacity deployed continues to outpace the rise in demand. Carriers are targeting a fresh round of rate hikes in December with support from a rise in cargo volumes ahead of the US t
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202447] The rush to bring forward US imports ahead of the imminent Trump tariffs and potential strike on the US East Coast has so far failed to raise Transpacific freight rates. Rates to the West Coast slipped by 12% last week, even with more than a dozen ships stuck outside Canadian ports as carriers continued to slash rates as capacity utilisation has dropped to their lowest level this year. Although cargo demand remains s
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202446] The outcome of the US presidential elections will drive further instability in the container markets, with US imports poised to rise ahead of the potential imposition of new tariffs. Based on data collected since 2018, the cargo front loading could raise US container imports by as much as 10% to 15% in the next 3 months. Although this will drive up freight rates in the short term, the longer term impact of any trade
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202445] Carriers have pushed ahead with the 1 November rate hikes with smaller increases than initially planned but they have at least reversed the continuous declines since July that has seen the SCFI and CCFI shed 45% and 37% of their values. Carriers will struggle to retain the rate hikes with cargo demand still weak in the seasonally weak November period in the absence of more capacity cuts. Although capacity utilisation
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202443] Maersk and Hapag-Lloyd’s increased their full year profit guidance on the back of stronger than expected 3Q performance, but their operating margins continue to lag behind their Asian peers who are expected to post superior EBIT margins when final 3Q numbers are released starting with ONE later this week. The improved earnings outlook failed to lift TS Line’s IPO’s price with the company’s shares to start trading in
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202443] Container freight rates have dropped continuously in the past 3 month with the SCFIS Shanghai to North Europe index down by 65% from its peak in July but EC freight futures for December are now trading at a 45% premium to the current spot rates, indicating an imminent inflection point for the freight market. Although freight rates are expected to reverse their declines in November as carriers implement a new series
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202442] Freight rates have continued their decline with the slack season now in full swing. The heavy front-loading of holiday season cargo for the US and Europe that have driven up shipping rates since May are now working in reverse but carriers have still not adjusted vessel capacity for the winter season with only limited blank sailings planned in the next 6 weeks. This is clearly seen in the Asia-North Europe, US West