Markets/Trades

Total 43 Posts

Markets

Global Port Volume Flat in 22H1

Projected throughput growth for Linerlytica’s global port sample that accounts for over 75% of global container handling volumes is expected to show a marginal increase of just 0.3% during the first half of 2022. Chinese ports remain largely resilient despite the COVID related lockdowns, with first half growth estimated at 2.4%. A more detailed analysis of the Chinese volumes will be added next week when  the final port numbers for June are confirmed. North American ports also performed strong

Markets

Spot rates at 12month low

Freight rates remain under pressure with the SCFI falling to a 12 month low. The Transpacific rates continue to soften with spot rates to the US West Coast expected to breach the $6,000/teu level within the next few weeks while rates from Asia to North Europe has dropped below the $9,000/feu level. Demand has failed to pick up with the summer peak season demand turning out to be much weaker than expected. Although port congestion is creeping up in Europe and North America, overall capacity dep

Markets

Capacity Deployment - Wk27

Average FE-WCNA capacity over the last 13 weeks stands at 314,332 teu, which is 4.9% lower than the same period last year while the average FE-ECNA capacity during the same period was up 18% YoY.

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

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