Total 117 Posts
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202301] The SCFI resumed its weekly drops, with the previous week’s rise turning out to be a blip. Carriers have added capacity across all main trades out of China, with the idle fleet slipping even as port congestion continues to ease. The additional capacity has negated most of the seasonal uptick in demand ahead of the Chinese New Year holidays. Capacity utilisation across the key tradelanes have remain varied, with Asia
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202301] After 28 consecutive weeks of declines, the SCFI saw its first positive week since June 2022 after falling by 74% over the period. The rebound has little underlying strength with concerns over weaker demand continuing to keep freight rates under pressure. Capacity utilisation reached a 2 year high on the Asia-North Europe route but rates only rebounded marginally while early rate contracts concluded on the Asia-Europ
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202251] The container market is ending the year on a weak note, with freight rates and charter rates still under pressure. Carriers are banking on a mini cargo rush to push for a new round of rate increases on 1 January with vessel utilisation out of Asia picking up last week. Chinese port congestion has also increased last week following the surge in Covid infection across Chinese cities, but this could negatively impact e
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202250] Capacity management measures to deal with the collapse in container freight rates are helping to slow the rate declines with the SCFI recording its lowest weekly declines since July. However, more needs to be done to reverse the decline as ad-hoc blank sailings have been ineffective in reversing the rate slide while the capacity withdrawals are limited to smaller services that have not made any material impact on the
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202249] Freight rates have continued to weaken with carriers unable to push through their mid-December GRI efforts as capacity utilisation remaining soft across all key tradelanes. Carriers remain reluctant to remove capacity in any meaningful manner apart from ad hoc blank sailings. Charter rates have found support with carriers still chasing for tonnage despite the collapse in freight rates. Today’s announcement of the ch
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202248] Carriers failed to push through with the 1 December rate increases, with freight rates continuing to drop across the board on softening demand and weakening vessel utilisation. The sharpest rate declines were recorded on the East Coast South America, US East coast and Middle East routes last week, with attempts to raise rates in December also expected to fail. Carriers will attempt to push for a new round of rate inc
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202247] Freight rates continue to spiral downwards with FE-Europe, FE-Middle East and FE-Australia rates suffering the sharpest falls last week, amidst volume weakness across all tradelanes. Carriers are pushing for a new round of General Rate Increases (GRI) in December but they are unlikely to succeed if surplus capacity are not removed. Contract rates for the new 2023 season appear certain to fall by as much as 80% as the
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202246] Freight rates slipped further last week with weakening demand continuing to pull down capacity utilisation on the Transpacific and Asia-North Europe routes. Rate pressure has shifted to the Asia-Europe trades with carriers still unwilling to remove any capacity on the route as the the temporary blank sailings in October have mostly resumed their regular sailings. The FE-USEC routes are also under pressure, forcing Zi
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202245] Freight rates slumped further with the SCFI falling by 8.6% last week as pressure mounts on the Asia-Europe and US East Coast routes where rates are still above pre-COVID levels. On the FE-US West Coast, rates have already dropped below their pre-pandemic levels with current spot rates reminiscent of the period leading to the bankruptcy of Hanjin Shipping in August 2016. Effective capacity has risen to its highest l
Register Free Trial [https://www.linerlytica.com/register/?utm_source=W202244] Freight rates continued to fall sharply, with the SCFI slipping by a further 7% last week. Capacity utilisation has weakened across all key routes out of China, with the Middle East trade remaining the only exception. The West Coast North America have been particularly weak, with the blanked sailings in October and the withdrawal of 10 services since September still insufficient to match the sharp fall in demand as u