Markets/Trades

Total 160 Posts

Markets

Charter Rates Stay Firm

Charter rates are still holding up well due to the lack of open tonnage driven in no small part by MSC’s raid on the resale market.

Markets

Top 50 Liners

MSC is pulling further ahead from Maersk. CMA CGM and Evergreen also gaining market share.

Markets

Freight rates un-seasonally soft

Freight rates remain under pressure with peak season volumes yet to materialise. Rates are expected to remain soft until the end of July when carriers will try to push for a new round of rate increases.

Markets

Capacity Utilization below season trend

Capacity utilization has not collapsed as suggested by Freightwaves but the average utilization has trended lower than usual seasonal patterns, partly due to the increased capacity available.

Markets

TP GRI pushed back

overall capacity on transpacific routes have increased materially in the past week and has outpaced demand as some carriers are offering rates below $7,000/feu to the West Coast

Markets

TP Freight Rates Still Soft

The alarmist reports of catastrophic demand drop are unwarranted. The recent weakness in smaller transpacific NVOCC bookings only reflect volume shifts as BCOs are able to book directly. Anyhow, demand has not picked up sufficiently...

Trades

TP Eastbound Utilization Remain Health

TP eastbound volume may not have collapsed as some may believe these two days. Utilization for vessels heading to North America has been healthy since end of May. The number of sailings have dropped in the last two weeks but schedule slippage and bunching have been the norm since 2020

Trades

Transit time performance mixed

Transit time performance were mixed in the 4 main trades last week, with improvements seen in the PSW and USEC ports but worsening waiting times in the PNW as well as the North European and Med ports.

Markets

USEC capacity grew 18% YoY

Average capacity is 17.7% higher to the USEC compared to a year ago, with cargo diversions from the USWC continuing in anticipation of a potential disruption at the west coast gateway ports from the ILWU contract negotiations.

Markets

FE-NEUR capacity little changed YoY

There is still more capacity increases expected in the next 3 weeks, with an average of over 330,00 teu expected in June, comparing to 287,000 teu in last week. As highlighted previously, carriers are not removing any capacity on the European trade despite clear signs of demand softness.

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