Total 219 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202422] Rising port congestion has added further to the woes of the over-stretched container market that is already reeling from a shortage of container equipment and vessel space. The global port congestion indicator hit the 2m teu mark, accounting for 6.8% of the global fleet with Singapore becoming the new congestion hotspot. The SCFI has jumped by 42% in the past month, with further gains to follow in June as carriers ar
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202421] The caution that carriers have shown in their earnings forecasts for the 2024 financial year stands in sharp contrast to the surging spot freight rates with the SCFI hitting a fresh 2 year high. Bullish Chinese freight futures are predicting further rate gains in the coming 4 months, with a correction only expected in the 4th quarter of the year. The bullish sentiment has also pushed charter rates to fresh 2-year hi
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202419] Market panic over tightening vessel space availability has sent the SCFI to its highest level since September 2022, rising by 18.8% after last week’s holiday break to hit a 20-month high. Unlike the surge in January this year when the rate hikes were largely limited to the Red Sea affected routes, the gains are more broad-based this time with sharp rate hikes on all long-haul routes on the back of a strong rebound in
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.