Total 127 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202322] Carriers continued to take one step forward and 2 steps back, with the rise in the SCFI last week providing little relief for the market as the CCFI continued to fall. The divergent movement of the SCFI and CCFI reflects the decline in average rates despite carriers’ attempt to push rate increases that have so far failed to stick. The SCFI will see further increases this week from the 1 June GRI on the transpacific,
Conviction around a freight market recovery is rapidly fading, with carriers failing once again to push ahead with their planned rate increases on 1 June following the 2 failed attempts earlier in May. Freight rates have continued to slip with the SCFI falling by 6% over the last 4 weeks, with scant signs of any reversal. Zim retained its full year EBIT earnings guidance of $100m-500m despite suffering a first quarter EBIT loss of $14m. Carriers such as Zim are still hoping for a 2nd half reco
Carriers failed to push ahead with the mid-May GRI, with transpacific and Asia-Europe rates still slipping amidst an increase in vessel capacity on both tradelanes. Overcapacity continues to pose the biggest challenge to a freight rate recovery, but the weakening freight rates has not deterred carriers from adding more capacity. The charter market is rapidly running out of open tonnage and the idle fleet has dropped to just 1% of the total fleet for the first time since October 2022. The positi
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202319] Aggressive freight rate cuts by some lines have undermined the planned 1 May rate increase but carriers will make another attempt on 15 May to raise rates despite the weak market sentiment. Rates are already under pressure as capacity discipline is fast dissipating with carriers already reversing the slow steaming programs implemented in the 1st quarter while the idle fleet continues to shrink. The active containers
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202318] Market sentiment turned negative ahead of the Labour Day holidays, with the SCFI dropping by 3.6% in the last week of April, reversing part of its mid-April gains. Charter rates and second hand containership prices continued to strengthen despite the softening freight rates heading into the summer season with significant uancertainty over the direction that the market will take in the next 3 months amidst growing ind
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202317] No sooner had the transpacific rates rebounded than the carriers started to cut rates again, in a pattern that will likely be repeated over the coming months. The SCFI spot rates to the US West Coast slipped 2% last week after rising by 29% a week earlier. Another attempt to raise freight rates will be made in mid-May, with carriers already deferring the 1 Mayaa GRI due to the Labour Day holidays as cargo volumes are
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202316] Freight rates have rebounded strongly on the back of the mid-April GRI, with the SCFI up 8% last week due mainly to rate increases on the Transpacific, Middle East and Latin America routes. Transpacific spot rates increased by 29% to the US West Coast to over $1,600/feu, providing carriers some leeway to negotiate contract rates at $1,400-1,500/feu – a level that would not be possible to achieve if spot rates had rem
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202315] Market sentiment continues to turn positive, led by Transpacific carriers that have announced GRIs on the Asia-US trade that will push spot rates up by $600-1,000 per feu on 15 April. Capacity utilisation on the US West Coast routes have risen in the last 2 weeks with supply still limited by blanked sailings, which would provide support for the GRI push that will mark the first significant rate rebound since July 202
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202314] Market sentiment turned positive for the first time since September 2022, with rising conviction around a mid-April rate increase on some key routes. Carriers are making a last-ditch effort to raise spot rates on the Transpacific ahead of the 1st May contract season with rates expected to rise by $500-600/feu. The SCFI rebounded marginally last week on improved rates in the Middle East and Latin America on the back
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202313] Freight rates remain soft, with the SCFI resuming its weekly decline after the previous week’s gain with the Asia-Europe trade the only main market where carriers can push rates increases. In contrast, charter rates have rebounded with demand from carriers staying high while the number of idled ships are quickly diminishing. Carriers are gearing up for the summer deployment that begins in earnest from April and May,