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 

 

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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 

 

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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https://theloadstar.com/liner-hopes-for-a-demand-surge-rest-on-summer-peak-season/ 

 

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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https://theloadstar.com/carriers-are-facing-the-quiet-before-the-storm-for-contract-rates/ 

 

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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https://theloadstar.com/ocean-carriers-plan-to-blank-half-their-sailings-from-asia-post-cny/ 

 

Increased demand and worsening port congestion in Asia is forcing the east-west alliance carriers to temporarily adjust their liner service networks. 

 

With long waits for berths on the US west coast and at several North European ports, attempts by shipping lines to recover a vessel’s schedule are being thwarted. 

 

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https://theloadstar.com/port-congestion-and-rising-demand-forces-carriers-into-schedule-adjustments/ 

 

High demand will continue to buoy air cargo charter activity over the next few months, consolidating the strong start to 2021, although prices may cool somewhat from their current high levels, according to a leading air freight broker. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/No-let-up-expected-in-buoyant-air-cargo-market/78720.htm#.YFo1Eq_7Ryw 

 

Imports at the largest US container ports are expected to grow “dramatically” during the first half of 2021, particularly in comparison with last year’s disrupted market, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/US-box-imports-set-for-%E2%80%98dramatic%E2%80%99-H1-growth/78634.htm?cl=article_1&elqTrack=true&mc_cid=6139f22b0a&mc_eid=bb81110dd5#.YEkO2537SUk 

 

Asia-US air freight spot prices have begun to fall in the weeks since Chinese New Year (CNY), but they appear to be holding relatively firm from China to key destinations in Europe, according to figures from TAC Index and the Baltic Air Index (BAI). 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Asia-US-air-freight-rates-drop-but-stay-firmer-to-Europe/78561.htm#.YD6Gv2j7SUk 

 

 

 

Major global container lines are being forced to cancel significant numbers of east-west services due to exceptionally long delays to vessels caused by congestion in Asian and North American ports. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/Box-port-delays-causing-service-cancellations/78356.htm#.YBf3qOj7SUk 

 

US container imports seen during 2020 appear to be headed toward a new annual record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the latest monthly Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates. 

 

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https://www.lloydsloadinglist.com/freight-directory/news/US-box-imports-set-for-record-in-2020-despite-pandemic/78231.htm?cl=article_2&elqTrack=true&mc_cid=c248a038cc&mc_eid=bb81110dd5#.X_1179j7SUk