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Posts tagged “Freight Volumes”

 
2M 'go-slow' and massive capacity injection lights Asia-Europe touchpaper 
 
Next month, 2M partners MSC and Maersk will deploy nine extra vessels on their Asia-Europe services, an injection of capacity in a period of weak demand that may unleash a ferocious race-to-the-bottom freight war on the tradelane. 
 
Click on the below link to read more. 
 
 
Vietnam to boost domestic box fleet as more shippers shift from China 
 
Vietnam’s state-controlled shipping group, Vietnam Maritime Corp (VIMC), plans to acquire more containerships and build more inland box depots in a bid to boost its competitiveness. 
 
VIMC is hoping to work with investors to develop the inland container depots and distribution and logistics centres in areas such as Haiphong, Hanoi, Danang, Quy Nhon and Ho Chi Minh City. 
 
Click on the below link to read more. 
 
 
Shippers brace for freight rate and BAF increase onslaught 
 
A definite end to rock-bottom freight rates could be in sight, as carriers take advantage of tight capacity management to launch rate restoration programmes across their networks in the next few weeks. 
 
Moreover, shippers can expect an increase in bunker surcharges, as the shipping lines ramp up BAFs to mitigate the impact of higher fuel costs. 
 
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Positive ocean freight sentiment keeps the charter market bullish 
 
More optimistic demand forecasts and the prospect of a better peak season this year are driving a containership charter market rally, with aggressive carriers still snapping-up tonnage as it becomes open. 
 
According to a recent survey of supply chain professionals by logistics platform Container xChange, 48% of respondents believe this year’s peak season will be better than last year’s. 
 
Click on the below link to read more. 
 
 
SHIPPERS BRACE FOR MARKET BOUNCE 
 
Containerised cargo volumes moved in the deep-sea container shipping market fell a further 2.5% during the final quarter of 2022, marking the traditionally busiest period of the year as the ‘peak season without a peak’. 
 
Volumes have fallen steadily in the early weeks of 2023 and world trade continues to stumble as economies grapple with persistent inflation and high energy prices, suppressing consumer demand for goods across nearly all economic sectors. 
 
On the demand side, many carriers and service providers are anticipating a recovery in demand in the second half of the year 
 
Click on the below link to read more. 
 
 
2M axes Asia-North Europe loop, as carriers shop for more tonnage 
 
After successive weeks of blanking its AE1/Shogun Asia-North Europe loop, the 2M Alliance has finally confirmed that the service is to be suspended. 
 
It is the first alliance service on the trade lane to be officially culled and is likely to be followed by the removal of more in the weeks to come as ocean carriers try to mitigate the impact of significantly reduced demand. 
 
Click on the below link to read more. 
 

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