Posts tagged “Ocean Freight Rates”

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Maersk announce rate hike on Asia-North Europe

Posted on 17th July 2023 at 09:48

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.

Click on the below link to read more.

https://theloadstar.com/maersk-unleashes-shock-and-awe-rate-hike-on-asia-north-europe/

North Europe rates still falling, while the transpacific spikes

Posted on 15th June 2023 at 12:09

North Europe rates still falling, while the transpacific spikes

Container spot rates from Asia to North Europe remained under pressure this week, while transpacific rates have been boosted by potential supply chain issues linked to US west coast industrial action and Panama Canal draught restrictions.

As peak season orders continue to disappoint, the Freightos Baltic Exchange (FBX) Asia-North Europe component slumped 16% in the past seven days, to $1,195 per 40ft, which compares with $10,599 a year ago.

Click on the below link to read more.

https://theloadstar.com/north-europe-rates-still-falling-while-the-transpacific-spikes/

Major ocean carriers set course for more-profitable routes

Posted on 15th June 2023 at 12:02

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%.

Click on the below link to read more.

https://theloadstar.com/major-ocean-carriers-set-their-course-for-more-profitable-routes/

2M 'go-slow' and massive capacity injection lights Asia-Europe touchpaper

Posted on 16th May 2023 at 09:14

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.

https://theloadstar.com/2m-go-slow-and-massive-capacity-injection-lights-asia-europe-touchpaper/

Vietnam to boost domestic box fleet as more shippers shift from China

Posted on 25th April 2023 at 09:28

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.

https://theloadstar.com/vietnam-to-boost-domestic-box-fleet-as-more-shippers-shift-from-china/

Shippers brace for freight rate and BAF increase onslaught

Posted on 11th April 2023 at 13:23

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.

Click the below link to read more.

https://theloadstar.com/shippers-brace-for-freight-rate-and-baf-increase-onslaught/

Positive ocean freight sentiment keeps the charter market bullish

Posted on 11th April 2023 at 13:17

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.

https://theloadstar.com/positive-ocean-freight-sentiment-keeps-the-charter-market-bullish/

SHIPPERS BRACE FOR MARKET BOUNCE

Posted on 3rd April 2023 at 18:39

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.

https://www.multimodal.org.uk/article/shippers-brace-for-market-bounce?utm_source=feedotter&utm_medium=email&utm_campaign=FO-03-31-2023&utm_content=httpswwwmultimodalorgukarticleshippersbraceformarketbounce

2M axes Asia-North Europe loop, as carriers shop for more tonnage

Posted on 20th March 2023 at 17:22

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.

https://theloadstar.com/2m-axes-asia-north-europe-loop-as-carriers-shop-for-more-tonnage/

Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'

Posted on 20th March 2023 at 17:12

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.

Click on the below link to read more.

https://theloadstar.com/rate-erosion-may-be-easing-but-rock-bottom-prices-are-not-good-for-anybody/

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Posts tagged “Ocean Freight Rates”

Maersk announce rate hike on Asia-North Europe

North Europe rates still falling, while the transpacific spikes

Major ocean carriers set course for more-profitable routes

2M 'go-slow' and massive capacity injection lights Asia-Europe touchpaper

Vietnam to boost domestic box fleet as more shippers shift from China

Shippers brace for freight rate and BAF increase onslaught

Positive ocean freight sentiment keeps the charter market bullish

SHIPPERS BRACE FOR MARKET BOUNCE

2M axes Asia-North Europe loop, as carriers shop for more tonnage

Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'

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