15 August 2012
The positive stories continue to show themselves in the container shipping segment, with freight rates holding up well and demolition activity staying strong. In the light of the slowly developing demand side, it’s very positive that the industry deals with the supply side issues to improve the fundamentals.
17 October 2012
James Hetfield may have had container line operators in mind when writing: “Waiting for the one – the day that never comes – when you stand up and feel the warmth – but the sunshine never comes”.
13 June 2012
The first five months of 2012 have been developing in the right direction for the container shipping industry. Freight rates on the main routes have been going up markedly and consecutively in March, April, May and June, despite happening at a decreasing amount – the total hikes amount to USD 1,100-1,300 per TEU. This has lifted freight rates on the Far East to Europe trading lane from USD 536 per TEU just before Christmas to the current level of USD 1,634 per TEU, equal to +205%.
18 August 2011
The extraordinarily challenging conditions in the container shipping market are now clear and present to all. The overcapacity on the main trading lanes has prompted cascading to a larger extent than a normal market development would do, adding pressure on secondary routes.
23 June 2011
In the past three months, time charter rates have hovered around the same levels, providing owners with a steady market despite the downward shift in spot freight rates. Summer demand should determine the next turning point, with initial indicators suggesting weaker East/West volumes, but stronger North/South trade. Moreover, increased flows on the Middle East and intra-Asia trades should drive rates for small containerships higher, as idle capacity is now removed and orderbook in this segment is low.
13 December 2011
Overall demand for container shipping is not as bad as one might think from looking at the freight rates. But for an industry that has grown by close to 10% p.a. over the past decade, it does take time to adjust and adjust to a demand growth half as strong.
17 February 2011
As the Chinese Lunar New Year draws to an end, the container lines have already prepared themselves for a strong rebound. In fact they must have been
14 April 2011
Container rates have been sliding on all the major trading lanes since July 2010, with the exception of a small hiccough round the turn of the year
24 March 2011
Spot rates for shipping of containers out of Shanghai bound for Europe have now slipped below the USD 1,000 per TEU–mark for the first time since March 2009. Following yet another weekly drop in freight rates on this main trading lane, boxes are now being shipped off at USD 992 per TEU, USD 27 per TEU lower than last week.
04 May 2020
Despite lower volumes being fixed in the spot market, it is key to tracking developments in the container shipping market, as it quickly responds to the changing situation and adjustments to demand and supply.