Total 127 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202410] The freight rate correction gathered pace after carriers failed to defend their pre-Chinese New Year gains with the SCFI shedding 6.2% last week. Although the Red Sea dividend remain in play with spot rates still 96% higher compared to December last year, cargo demand has not rebounded sufficiently after the Chinese New Year holidays to provide rate support with carriers unable to mount a serious 1 March GRI attempt
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202409] The Red Sea crisis continues to drive the container market as the number of ships diverted to the Cape route hit a fresh high with no signs of abating. This will continue to create a capacity shortage across all routes, with the Cape diversions and incremental capacity needed to connect to Red Sea and Med ports already soaking up more than 7% of the global containership fleet. Freight rates retained most of the Janua
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202408] The bullish market sentiment has not been dampened by the Lunar New Year break with carriers still retaining most of their recent rates gains, defying the predictions of a post-holiday correction. Capacity is expected to remain tight in March due to the extended Red Sea diversions, with charter rates continuing to firm due to limited vessel availability. Unlike previous years when the idle fleet rises due to the post
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202407] Despite Maersk’s best efforts at painting a pessimistic picture for the container shipping market, rates have retained most of their recent gains heading into the post Chinese New Year slack period. The SCFI and CCFI indices are 117% and 28% higher compared to the same period last year, which will help to reverse the carriers’ massive 4Q losses. Maersk’s underperformance compared to its liner peers has become more gl
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202406] Freight rates remain firm as the market entered the last week before the Lunar New Year holidays, led by transpacific rate hikes on 1 February that pushed rates to the US West Coast 267% higher than the same period last year. The Red Sea diversions have absorbed all of the excess capacity in the market, with the supply of vessel space and box equipment expected to remain tight in the next 2 months. Although the marke
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202405] Spot freight rates have eased ahead of the Chinese New Year with the SCFI shedding 2.7% of its value last week, but average rates out of China are still rising as the CCFI rose by 8.9% with carriers able to consolidate their rate gains since the beginning of December. The composite CCFI has risen by 64% since over the last 8 weeks, guaranteeing bumper windfall gains for carriers in the 1st quarter of 2024 with carrie
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202404] The freight rate escalation has peaked as carriers look beyond the current Red Sea driven capacity shortage to the post-Chinese New Year slack. After 8 consecutive weekly hikes since the end of November that raised the SCFI by 126%, the weekly gains have slowed down. Despite a widely expected correction, freight rates are still expected to retain most of its recent gains after the Chinese holidays as the shortage of
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202403] With the stakes raised amidst heightened risks of retaliatory Houthi attacks on ships in the Red Sea, carriers continue to take radically different approaches to their Suez services. CMA CGM and a handful of niche carriers continue to make Suez transits while all of the other main carriers have shifted to the Cape route. The capacity shortage arising from the Cape diversions on the Asia-Europe route will require an a
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202401] With no clear timeline for the resolution of the Red Sea crisis, carriers have extended their diversions to the Cape route with the number of containerships re-routed rising to 354 units for 4.65m teu or 16.4% of the fleet as at 7 January 2024. These diversions will result in an expected capacity shortfall of up to 40% for departures from Asia to Europe and the US East Coast in weeks 4 to 6, with freight rates expe
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202401] The Red Sea crisis dominated another frenzied week for the container shipping market with the SCFI rising by 40% - only the 4th time since 2009 that spot freight rates jumped by more than 40% in a single week. All long haul routes recorded strong rate gains led by the Asia-Europe trades, with the elevated rates expected to hold through January and February as capacity will remain tight in the next 6 weeks. 12% of glo