Total 151 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202237] Freight rates continued their spectacular collapse last week despite the severe port congestion that has built up in North Asia due to Typhoon Muifa, with the SCFI slipping by 33% within the past 4 weeks and down 50% year on year. Vessel utilisation on head haul routes have continued to drop despite shortfalls in ship departures, with carriers lacking resolve to remove excess vessel capacity in the market beyond ad h
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202236] Carriers’ attempts to drive out the marginal players in the market by aggressive rate cuts have so far failed to achieve any of the desired results, as spot freight rates suffered another large fall last week while trade capacity has not been reduced. The SCFI index dropped by 10.0%, following from the 9.7% drop a week earlier with no signs of rates stabilising anytime soon. Charter rates have continued to fall, alb
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202235] Freight rates tumbled last week, with the SCFI falling by 9.7% for its worst weekly drop since 2016. FE-WCNA rates led the declines, dropping by 22.9% to $3,959/feu. Latest rates offered by transpacific carriers have already breached the $3,500 mark, guaranteeing further drops in the published rate indices in the coming weeks with all tradelanes out of Asia remaining under pressure. Typhoon Hinnamnor will impact vess
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
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
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
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
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
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
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