charter rates

US import spike set to run into summer as west coast ports struggle

Container freight and charter markets are continuing to boom post-Chinese New Year, and analysts expect favourable conditions for carriers and shipowners to last at least into the second half.
“Unseasonal strength in container volumes and port congestion have buoyed freight markets, while in the time-charter markets, demand for vessels has outstripped wider growth in container trade, conditions that are expected to endure at least into H2 21,” says the latest sector …

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Carriers with ‘money to burn’ will pay ‘whatever it takes’ to secure chartered tonnage

The major ocean carriers, expected to report huge profits for Q4, have “money to burn” and aim to outbid their smaller, less-profitable rivals, to secure the ships they target.
They are expecting the current liner bull market to continue well into the second quarter of next year, based on their recent enquiries into the charter market.
“Not only are the liners prepared to fix long-term at whatever-it-takes-rates on any available tonnage, but we …

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Container Shipping Has A Profitable Year Amidst COVID Challenges

There is money to be made by both carriers and tonnage providers as volumes defy usual seasonality and remain strong into the fourth quarter of the year, writes BIMCO CEO, Peter Sand in an article published on their website.

On top of that, low bunker prices –, one of the keys to high profitability this year – look set to stick around.

However, with COVID-19 cases on the rise again, and a slow recovery the outlook for next year, things aren’t all rosy for container shipping.

Demand drivers and...

https://mfame.guru/container-shipping-has-a-profitable-year-amidst-covid-challenges/

Supramax Freight Rates Surge Amid Additional Coal Imports

  • Supramax freight rates in Southeast Asia surged at least 25% in the trading week.
  • China’s approves 20 million mt coal quotas for remainder of year.
  • Australian grain harvest coincides with release of China’s quotas.

Supramax freight rates in Southeast Asia surged at least 25% in the trading week ended Nov. 27 as the unexpected news of China releasing an additional 20 million mt of coal import quotas rapidly drained tonnage from the region, reports Platts.

Supramax time charters

Time Charter...

https://mfame.guru/supramax-freight-rates-surge-amid-additional-coal-imports/

Charter market still soaring: ‘We’ll beat any rate to secure a panamax’

Containership charter rates continue to soar against a backdrop of tight supply across most sectors.
This is reflected in the latest idle tonnage report from Alphaliner showing 23 fewer ships (for 123,462 teu) in the idle fleet.
This is now down to 140 vessels, for 520,831 teu, representing just 2.2% of the global fleet.
The 23 includes 14 vessels undergoing scrubber retrofits “to fill sailing gaps in regular services or perform extra sailings” …

The post Charter market still soaring: ‘We’ll...

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Analysis: the rollercoaster ride of the charter market in 2020

Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
After a generally weak start to the year for feeder vessels and a continuation of 2019’s strong markets for mid-size and larger units, the onset of lockdowns drove a correction in vessel earnings.
Since then, however, time-charter markets have roared back into life, and vessel earnings for key benchmarks have risen at least as fast, if …

The post Analysis: the rollercoaster...

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Freight Rates Slump To 12 Month Low As Oil Production Cuts & Demand Sets In

A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe, writes BIMCO CEO, Peter Sand in an article published on their website.

Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower transport demand, however, the tanker industry is set for some challenging months.

Demand drivers and freight rates
  • Crude...

https://mfame.guru/freight-rates-slump-to-12-month-low-as-oil-production-cuts-demand-sets-in/

Charter market for larger boxships is ‘virtually sold out’

A key indicator of the health of the container shipping industry, Alphaliner’s fortnightly idle tonnage report, has recorded a further sharp drop in inactive capacity.
As of 3 August, another 49 ships, with a total capacity of 350,000 teu, had found employment during the two-week period, taking the idle fleet to 264 vessels for 1.2m teu, representing 5.1% of the global fleet.
Alphaliner’s idle tonnage survey recorded an all-time high at the …

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Shipowners back in the driving seat, with brisk business in the charter market

Containership brokers are reporting “brisk business”, although owners are reluctant to fix for longer periods against rising daily hire rates.
Reflecting the high demand for tonnage, Alphaliner’s idle fleet assessment has recorded a further 62 vessels with some 300,000 teu having found employment in the past two weeks.
The current 313 ships with 1.55m teu in hot or cold lay-up, representing 6.6% of the global fleet, is a vast improvement on the …

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Low Bunker Price the Only Advantage for Carriers!

The Covid-19 crisis has – and will continue to – hit the container shipping market hard, and the current economic situation provides no hope for a short-term recovery, writes BIMCO CEO, Peter Sand, in an article published on their website

Demand drivers and freight rates

The coronavirus pandemic looks set to continue to hammer container shipping demand. While the lower demand that came when China shut down much of its manufacturing in February has passed, it was been replaced by a demand...

https://mfame.guru/low-bunker-price-the-only-advantage-for-carriers/

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