EC2502 continued to move in a narrow range while longer-dated contracts declined. All three ships that left the Far East yesterday (17 Dec) reported very high utilization. Among them, MSC ALEXANDRA from MSC's Britannia service achieved 104% utilization, compared to only 94% in its last westbound voyage in July. Liners appear tentative about pushing for further freight rate increases, with Maersk and MSC setting the tone. Maersk has yet to publish its quotation for January, while MSC is quoting
ONE will partner CMA CGM to launch a new North Europe-US West Coast Transatlantic service that are named respectively as the Atlantic 5 (AL5), and California Bridge (CALFB). HMM, Yang Ming, OOCL and COSCO will also participate as slot buyers on the service as the Transatlantic 1 (TA1), Atlantic 5 (AL5), Atlantic West Coast (ATW) and Atlantic West Coast (ELSA). The AL5/CALFB/TA1/ATW/ELSA will call at Southampton, Le Havre, Rotterdam, Hamburg, Antwerp, Miami, Cartagena (Col), Panama Canal, Balboa
EC futures barely moved on thin volume today, despite a 12% jump in SCFIS overnight. Hapag-Lloyd lowered its January shipment quotations from $6,000-$8,000 per FEU to below $6,000 per FEU, while Maersk has yet to post any quotes for January shipments. Although the industry average utilization for the FE-NEUR route has rebounded to mid-November highs, THE Alliance sailings have shown relatively weak utilization in recent weeks, reflecting the price Hapag-Lloyd has paid for its leadership in raisi
Charter activity is slowing down as the end of 2024 approaches with no signs of charter rates abating after their strong run up over the past 12 months. Activity is focused entirely on the smaller sizes of below 5,000 teu with no fresh deals in the over-5,000 teu segment due to the acute shortage of open tonnage with increasing numbers of forward fixtures done for 2nd half 2025 deliveries. Activity in the smaller sizes remain brisk, with the 1,700 teu/2,700 teu/4,200 teu segments still registe
Port congestion eased slightly last week with improvements coming mainly from Chinese ports while there was little change in the situation in Europe and North America. In China, the congestion is mainly concentrated in Shanghai and Ningbo which continues to see elevated vessel calls and container volumes with waiting times of up to 2 days. European port congestion also remains high with Hamburg, Rotterdam, Antwerp and London Gateway experiencing very high yard occupancy rates that has caused ber
Asia-North Europe carriers failed in their bid to raise freight rates in mid-December with spot rates rolling back some of their earlier gains with the SCFI slipping by 2.2% last week. However, the SCFIS jumped by a larger than expected 14.0% on 16 December, reflecting the delayed effects of the early December rate hikes. Most carriers are holding their rates until the end of the year, before making another attempt to raise rates to $6,000/feu on 1 January. Maersk continues to offer selective d
EC contracts mostly lost ground over the past week with the longer dated EC futures after February 2025 registering drops over between 1% to 5%. In contrast, near-term contracts were firm with December 2024 and February 2025 contracts gaining some ground as carriers managed to hold on to the 1 December rate increases. The SCFIS released after the market close on 16 December 16 jumped by 14% week-over-week and 22% over the past two weeks, outperforming market expectations bringing the index to wi
Both the CCFI and SCFI rebounded last week with carriers successfully reversing the recent slide in freight rates with Asia-Europe rates still holding on to most of their recent gains while Transpacific rates are staging a late rally amidst growing USEC port labor tensions and the threat of rising trade tariffs. Average CCFI rates in the 4th quarter is holding just above the 2nd quarter levels which will ensure that carriers’ earnings will remain healthy in the last quarter of 2024 with carrie
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
Interasia Lines (IAL) has launched a new Vietnam Thailand India (VTI) service connecting Ho Chi Minh City, Laem Chabang, Port Klang(N), Nhava Sheva, Mundra, Port Klang(N), Ho Chi Minh City from 13 December 2024. The VTI service will turn in 5 weeks and is expected to deploy ships of 2,600 to 3,000 teu with irregular sailings initially starting with the 2,782 teu INTERASIA ELEVATE at Ho Chi Minh City on 13 December 202 and the 3,055 teu INTERASIA TENACITY at Ho Chi Minh City on 4 January 2025.