Market Pulse 2024 Week 08

Total 122 Posts

MarketPulse

Market Pulse – 2023 Week 37

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202337] Container freight rates are dropping at a faster rate than expected with the SCFI slipping below 1,000 again, giving up all of the gains made in the last 7 weeks. Weak peak season volumes coupled with oversupply across the main markets have weighed down heavily on rates with little chance of a reversal until November at the earliest. Carriers inability to curtail supply remains the biggest challenge, as capacity util

MarketPulse

Market Pulse – 2023 Week 36

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202336] Freight rates have rebounded slightly following the 1 September rate increase that were applied on trades out of Asia to the US, Australia and India/Middle East but the gains are reversing as quickly as they are applied with carriers offering rate discounts. Asia Europe rates were severely battered due to continued capacity pressure with 3 ULCS units delivered over the past week alone as the pace of newbuilding deliv

MarketPulse

Market Pulse – 2023 Week 35

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202335] Although freight rates will receive a minor boost this week from the 1 September rate hikes, market sentiment remains poor with the SCFI giving up all of its gains in August in a repeated pattern of early month rate gains followed by rate cuts as the month progresses. The transpacific rate gains have been more resilient than on Asia-Europe, but even there the momentum is dissipating quickly with the Panama Canal tran

MarketPulse

Market Pulse – 2023 Week 34

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202334] Market sentiment has turned negative again, with carriers unable to retain the recent rate increases as the SCFI slipped by 1.2% last week. The setback will make it harder for carriers to push for the next round of rate hikes in September, with no signs of capacity management in place. The idle fleet remains low even as new ship deliveries continues apace. The mounting losses at Zim has forced it to rationalise capa

MarketPulse

Market Pulse – 2023 Week 33

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202333] The SCFI extended its gains for the 3rd consecutive weak but there are signs that peak season volumes are already starting to fade and the recent rate rebound could soon run out of steam. Transpacific freight rates have led the recent gains on the back of rising demand and capacity cutbacks, with Asia-Europe rates also managing to retain most of their recent gains despite more shaky market conditions. However, Linerl

MarketPulse

Market Pulse – 2023 Week 32

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202332] Maersk’s 2nd quarter results laid bare the failure of its integrator strategy to deliver while allowing its rivals to snatch away liner market share where earnings remain superior to any quarter prior to 2020. Although Maersk’s full year earnings guidance painted a dismal market outlook for the 2nd half of 2023, the liner market barometer has turned positive with the SCFI extending its gains for a 3rd consecutive wee

MarketPulse

Market Pulse – 2023 Week 31

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202331] Freight rates have rebounded sharply on the back of the 1 August rate increases, with the SCFI rising by 6.5% at the end of last week. High capacity utilisation on the transpacific routes, especially to the West Coast will ensure rates remain elevated to North America with the ILWU Canada contract negotiations still not resolved. Asia-Europe rates will be less resilient, with carriers already under-cutting rates as t

MarketPulse

Market Pulse – 2023 Week 30

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202330] While global attention is focussed on Russia’s renewed blockade of Ukrainian ports in the Black Sea, container volumes at Russia’s own ports have rebounded sharply, drawing in over 200,000 teu of incremental containership capacity since the end of last year. The strong Russian demand has been one of the few bright spots for the container shipping market this year, with over-capacity driving down freight rates across

MarketPulse

Market Pulse – 2023 Week 29

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202329] The resolution of the ILWU US and ILWU Canada port labour contract negotiations have removed the last hurdle to market normalisation, with port congestion set to ease further from its current level affecting 5.7% of the global fleet. This does not bode well for the container market that is increasingly struggling with surplus capacity. Zim downgraded its EBIT forecast last week to a full year loss of up to $500m fro

MarketPulse

Market Pulse – 2023 Week 28

Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202328] Carriers’ bid to raise Transpacific rates mid-July has gained traction, supported by improved capacity utilisation levels and a 14% month on month reduction in capacity that has been bolstered by Zim’s withdrawal of the ZNP service and THE Alliance’s planned removal of one FE-USWC string from August. Despite the improved transpacific market sentiment, the SCFI slipped by 2.3% at the end of last week, dragged down by

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