Market Pulse 2024 Week 08

Total 118 Posts

MarketPulse

Market Pulse – 2022 Week 34

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202234] SCFI spot freight rates suffered their largest single week drop last week as carriers capitulated under rising market pressure to cut rates in order to protect their market share. Supply chain bottlenecks are no long providing price support as demand is clearly easing well ahead of the traditional start of the slack season in October. Port congestion eased at the end of last week, after rising to new highs in the US

MarketPulse

Market Pulse – 2022 Week 32

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202232] Hopes for a peak season reprieve have been dashed with carriers continuing to slash rates in their futile attempt to retain volumes amidst weak cargo demand. Rates on some intra-Asia corridors have dropped to pre-Covid levels, in an early warning sign that the high freight rates that carriers have enjoyed in the last 2 years could unravel very quickly. The SCFI slipped by 4.7% last week but further drops are inevitab

MarketPulse

Market Pulse – 2022 Week 31

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202231] Chinese military drills in the Taiwan Strait last week did not disrupt container traffic in the region with no vessel diversions reported and port congestion continuing to ease across all main Chinese ports. Freight rates continued to drop due to weaker demand in the US and Europe, despite strong Chinese export figures reported for July. Rolling 4 week average capacity are at their highest levels in 2022, as carrier

MarketPulse

Market Pulse – 2022 Week 30

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202230] Freight rates are continuing to weaken into August, with no peak season volume surge. Total vessel capacity departing from Asia has continued to increase with easing congestion at Chinese ports releasing more capacity on the linehaul routes last week. Capacity to the US East Coast in particular has risen to a record high, even as demand is softening with high retail inventories weighing down demand while port congest

MarketPulse

Market Pulse – 2022 Week 29

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202229] North American port congestion is rising again with pressure building up on all fronts as truck, rail and port workers are all pushing for their respective causes. This has not been enough to stop freight rates from weakening further as peak season volumes disappoint. August bookings from Asia remain soft to both the US and Europe, prompting carriers to cut rates further. Latin America remains the only bright spot wi

MarketPulse

Market Pulse – 2022 Week 28

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202228] Freight rates remain under pressure with the SCFI falling to a 12 month low. The Transpacific rates continue to soften with spot rates to the US West Coast expected to breach the $6,000/teu level within the next few weeks while rates from Asia to North Europe has dropped below the $9,000/feu level. Demand has failed to pick up with the summer peak season demand turning out to be much weaker than expected. Although po

MarketPulse

Market Pulse – 2022 Week 27

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202227] Spot freight rates have continued to soften last week with space now open on the Transpacific and Asia Europe routes with only the South American routes seeing high demand. Further rate discounting by carriers are expected for the rest of July, with demand remaining soft despite significant schedule slippage with up to 20% of total capacity on linehaul routes being delayed due to persistent congestion at both origin

MarketPulse

Market Pulse – 2022 Week 26

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202226] Hopes for a peak season boost to cargo demand is fading, with spot freight rates continuing to fall over the first week of July. US demand continues to soften, with the 4 main shipper categories  on the eastbound transpacific route grappling with rising cargo inventories (see chart below). Despite increased port congestion over the past week, this has not been sufficient to boost freight rates. The ILWU failed to  r

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

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