Posts tagged “Asia - Europe Freight”

Maersk announce rate hike on Asia-North Europe 
Maersk is attempting to undo weeks of heavy discounting on the Asia-North Europe tradelane with a substantial increase in its FAK rates at the end of the month. 
And it warned that other routes “may also be subject to increases” as it reassess rate structures across its network. 
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Major ocean carriers set course for more-profitable routes 
Ocean carriers constantly reassess network coverage to cope with the impact of demand fluctuations but, post-pandemic, this has translated into widely different trading patterns for the top-ranked lines. 
A survey by Alphaliner reveals that, compared with a year ago, most of the top ten carriers have reduced their fleets trading between Asia and North America – MSC in particular having cut the percentage of its tonnage deployed on the transpacific from 16% to just 9%. 
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Rate erosion may be easing, but rock-bottom prices are 'not good for anybody' 
There may be signs that rate erosion is easing as reductions look to have slowed significantly. On the key transpacific and Asia to Europe trade lanes, the indices are clearly showing that the rate erosion from the stellar highs of a year ago is beginning to ease. 
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Carrier hopes for a demand surge rest on summer peak season 
Container spot rates from Asia to North Europe, as recorded by Drewry’s WCI index, increased by 10% this week from their pre-Christmas level, to $1,874 per teu. 
However, export demand to North Europe has been much weaker than usual ahead of the Chinese New Year on 22 January, and rates are expected to come under pressure again after the holiday as carriers scramble to fill their ships. 
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Carriers are facing the 'quiet before the storm' for contract rates 
A year ago, shippers were desperate to agree annual contract deals with ocean carriers to secure their supply chains, and were prepared to do, and pay, ‘whatever it took’. 
And carriers were holding ‘beauty contests’ to determine the most attractive large-volume BCOs to be included in their exclusive customer portfolios. 
But 12 months on, the container liner shipping market has seen an 180-degree turn – world economies are being racked by huge hikes in energy costs, high inflation and spiralling interest rates, causing a pause in discretionary spending by consumers and a sharp downturn in demand. 
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Ocean carriers plan to blank half their sailings from Asia, post-CNY 
Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their advertised sailings from Asia to North Europe and the US after Chinese New Year on 22 January. 
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Maersk revamps network for 'new normal' 
Major Chinese export markets are showing signs of a recovery after the steep post-Golden Week holiday decline, led by a rebound in demand for intra-Asia services, according to the latest Asia-Pacific market update from Maersk. 
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Ningbo-Zhoushan hits record container volume amid Shanghai lockdown 
In April, Ningbo-Zhoushan port is expected to post a container throughput of over 3m teu, a new high for single month and an increase of 10% year-on-year. 
Amid the recent covid-outbreaks happened in Yangtze river delta, especially the wave in its neighboring port Shanghai, Ningbo-Zhoushan port maintained smooth operation for container trucks transportation and provided more solutions including opening up new services, adding freight places and adjusting empty containers to effectively relieve the logistics pressure in Yangtze river delta region. 
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Shippers urged to book early for this peak season 
Cargo owners are being urged to book early for this year’s air and ocean freight peak seasons, with the current strong demand for space and limited capacity likely to extend into next year – along with high prices. 
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Ocean rates continue to climb as peak season heats up 
Demand for ocean freight capacity on key trades continues to outstrip supply as peak season heats up, pushing listed Asia-North Europe spot freight rates past the US$13,000/FEU mark, “and sending Europe to South America rates spiking more than 30% since last week”, the latest spot market figures and analysis from digital freight platform Freightos indicate. 
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