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Container Shipping - Volume growth is keeping up the optimism, even though the recent hefty reactivation of idle tonnage puts a cap on high flying freight rates.

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%.

Container Shipping - Slow demand and the absence of resumed idling of vessels has proved to be a heavy burden in the battle for rate restoration

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.