MarketPulse

MarketPulse

Market Pulse – 2022 Week 25

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202225] Freight rates remain under pressure with peak season volumes yet to materialise, while easing congestion in China and the US West Coast has also released more capacity to the market. Rates are expected to remain soft until the end of July when carriers will try to push for a new round of rate increases. Congestion is rising in the US East Coast and North Europe but it has not had a material impact on overall capacit

MarketPulse

Market Pulse – 2022 Week 24

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202224] Spot freight rates fell last week with recession fears dampening peak season demand. Although demand is picking up, overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast. The window for the next transpacific rate hike has been pushed back to mid-July, but its success will depend on how strong ca

MarketPulse

Market Pulse – 2022 Week 23

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202223] Transpacific spot freight rates remain under pressure but alarmist reports of catastrophic demand drops are unwarranted. The recent weakness in smaller transpacific NVOCC bookings reflect volume shifts as BCOs are able to book directly at favourable rates with vessel space currently open. The reduction in the LA vessel queue is also freeing up more capacity to the USWC but USEC capacity remains constrained with conge

MarketPulse

Market Pulse – 2022 Week 22

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202222] Spot freight rates continued to drop on the Asia-Europe and Transpacific routes despite the reopening in Shanghai with volumes remaining soft. The composite SCFI increase was driven by rebounds on the Latin America and Middle East routes but the increase will only be sustainable if volumes strengthen from their current levels. Expectations remain high for a rebound in volumes for the summer peak season, with new orde

MarketPulse

Market Pulse – 2022 Week 21

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202221] Freight rates remain subdued, although sentiment is buoyed by the anticipated reopening at Shanghai. Capacity utilisation levels for vessels departing from Asia has weathered the Shanghai lockdowns in the last 2 months relatively well, with no notable dips based on Linerlytica’s ship utilisation data. Market expectations of a large rebound in cargo volumes are not justified, as there is no evidence of a large cargo

MarketPulse

Market Pulse – 2022 Week 20

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202220] The SCFI finally reversed 18 consecutive weekly rate declines, but the rebound remain unconvincing, with a further boost in demand needed to lift market sentiment in the coming weeks. Disappointing results announced by the major US retailers suggest consumer demand could be waning although signals remain  mixed at the moment. The market will be boosted by China’s reopening, with Shanghai due to end lockdowns on 1 Jun

MarketPulse

Market Pulse – 2022 Week 19

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202219] Market sentiment has improved slightly with both freight rates and charter rates holding up relatively better in anticipation of easing lockdown restrictions in key Chinese cities. Although the SCFI posted its 18th consecutive weekly drop, rates are expected to rebound when Shanghai re-opens within the next few weeks. The sustainability of the rebound will depend on the strength of cargo demand and forward signals ar

MarketPulse

Market Pulse – 2022 Week 18

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202218] Freight rates continued to fall last week but the pace of reductions have slowed with lower activity over the Labour Day holidays. Further rate reductions are expected despite attempts by some transpacific carriers to push for rate increases on 15 May and 1 June, with bookings too weak to support the rate hikes. Charter rates have also weakened in the face of softening demand, with both carriers and shipowners hoping

MarketPulse

Market Pulse – 2022 Week 17

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202217] The last week of April failed to lift rates, despite the impending contract rate increases on the transpacific routes with higher rates taking effect from 1 May. Asia to US West Coast contracts will rise to an average of $9,000/feu while US East Coast contracts will increase to $11,000/feu which is higher than current spot rates of $7,800 and $10,600 respectively. With most of the Asian markets closed for the Labour

MarketPulse

Market Pulse – 2022 Week 16

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202216] MARKET BRIEF - 2022 WEEK 16 The outlook remains weak as long as the lockdowns at key Chinese cities remain in place, with concerns emerging that the Shanghai infection rate is worsening and could spread to Beijing. Port congestion at Chinese ports remain elevated with waiting times at Ningbo rising to up to 7 days but Shanghai wait times remain at less than 2 days as cargo volumes have been significantly curtailed.

© 2022 Linerlytica. All rights reserved.