Total 146 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202419] The bullish container freight and charter markets continue to gain ground with carriers pushing for further rate hikes through May while demand for ships remain unabated. Over-capacity concerns are on the backburner with containership diversions to the Cape route effectively removing more than 7% of the total fleet. New tonnage requirements have shifted to the Mexico and Middle-East/Indian subcontinent markets, with
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202418] Freight rates are rising sharply across the board with the SCFI gaining 9.7% last week, erasing almost all of the spot rate declines since 1 March as carriers capitalised on the tightening capacity situation. Freight demand has risen ahead of the 1 May Labour Day holidays in China and increased number of blanked sailings next week with bookings also boosted by pre-GRI front loading before the higher rates take effect
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202417] The SCFI recorded its 3rd straight weekly gain last week and while the recent rate increases have been meagre, it will set the stage for a series of larger rate hikes in May that carriers have just announced. Capacity utilisation is tightening across all main trades on stronger market demand, which will aid carriers’ GRI efforts. Although new vessel deliveries continue at pace, the capacity shortage due to vessel div
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202416] The pace of new containership deliveries have picked up markedly with over 309,000 teu delivered in the past month, pushing the annualised rate of fleet growth to 9.6%. The influx of new supply has not dampened the buoyant demand for tonnage with charter rates still inching upwards. The escalation of the Middle East crisis in the past week has provided a further boost to demand for containerships with the threat to s
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202415] Freight rates to Middle East and Latin America were the main bright spots for carriers, as SCFI recorded its first weekly increase in 2 months. However, the marginal 0.8% rise last week masked weakening market sentiment where both Asia-Europe and Transpacific rates are still under pressure, with some carriers planning another series of FAK rate hikes mid-April to stem the decline. Charter rates remain buoyant with s
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202414] The Baltimore bridge incident failed to lift freight rates, with Transpacific rates still sliding after initial fears of disruptions to the US supply chains receded. The brief spike in both import and export spot rates from the US East Coast were quickly reversed as the Transpacific rate weakness pulled down the SCFI last week despite encouraging hikes on the Asia-Europe, Middle East and Latin America rates. The Red
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202413] The global containership fleet has reached 29m teu last week as new vessel deliveries continued to enter the market at a brisk pace with close to 200,000 teu delivered over the past month compared to just 2,200 teu that was scrapped. Despite the rapid fleet growth, charter rates have continued to rise with carriers undeterred by the recent freight rate correction with several of them still eyeing market share growth.
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202412] Spot freight rates tumbled for the 6th consecutive week as the SCFI shed a further 6% last week with more cuts still to come. Carriers failed to push through a mid-March rate increase, with hopes for an April rate hike also fading quickly. Intra-Alliance rivalry remains in play, with THE Alliance to re-introduce 2 transpacific strings to the PNW and USEC in April, while ONE and Wan Hai forge a new partnership on the
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202411] Conflicting signals abound in a market looking for fresh directions, with freight rates continuing to slide as the SCFI dropped by 4.7% last week bringing the cumulative decline to 15.8% since its January peak. However, charter rates continue to firm while second hand vessel prices are still rising as demand for tonnage remains high. The recent freight rate correction has not deterred new entrants, with another Chin
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202410] The freight rate correction gathered pace after carriers failed to defend their pre-Chinese New Year gains with the SCFI shedding 6.2% last week. Although the Red Sea dividend remain in play with spot rates still 96% higher compared to December last year, cargo demand has not rebounded sufficiently after the Chinese New Year holidays to provide rate support with carriers unable to mount a serious 1 March GRI attempt