container market

October Container Market Data Indicates Resumed Decline

  • Xeneta’s Shipping Index (XSI), tracks real-time rates developments monthly.
  • Global long-term contracted rates increased for the first time in 12 months.
  • Raises the question of whether it was a sign of a resurging market or merely a temporary halt in its decline.

Any hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo-based container shipping analyst Xeneta indicates the market is once again in decline, sources Riveramm.

Sustained Rate...

https://mfame.guru/october-container-market-data-indicates-resumed-decline/

October Container Market Data Indicates Resumed Decline

  • Xeneta’s Shipping Index (XSI), tracks real-time rates developments monthly.
  • Global long-term contracted rates increased for the first time in 12 months.
  • Raises the question of whether it was a sign of a resurging market or merely a temporary halt in its decline.

Any hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo-based container shipping analyst Xeneta indicates the market is once again in decline, sources Riveramm.

Sustained Rate...

https://mfame.guru/october-container-market-data-indicates-resumed-decline/

A Rate War On The Way For Shipping Containers

Credit: Dominik Luckmann_unsplash

A recent news article published in the Seatrade Maritime News talks about the warning of container shipping rate war ahead.

Container market was returning to normality

Speaking at TOC Asia Alan Murphy, CEO and Founder of Sea-Intelligence, said the container market was returning to normality but asked if this was pre-pandemic level of normality in 2019, a relatively good year for container shipping if 2020 – 2022 is excluded, or a much worse scenario of five – six...

https://mfame.guru/a-rate-war-on-the-way-for-shipping-containers/

What’s happening in the container market?

Following a period of historically high freight rates, the container sector is now experiencing a correction. The container freight market is said to have peaked, as demand concerns linked to the health of the global economy have dulled sentiment somewhat. This has led to reduced demand across the container sector, easing port congestion across Chinese and American ports and consequently softening charter rates.

Vessels value’s Panamax (4,250 TEU) one year time charter rates peaked at...

https://container-news.com/whats-happening-in-the-container-market/

Container Market Flourishes As Rates Reach New Heights

The Container market has seen an unprecedented increase in rates since the end of 2020. Container 1 year TC rates have surged to extraordinarily new highs with 8,500 TEU values rising to a record 54,000 USD/day for April. This is an increase of 350% since June 2020, reports Vessels Value.

Time charter rates

Throughout 2020 the market fell significantly from impacts due to the Covid-19 pandemic. There was a significant decrease in demand as the uncertain circumstances surrounding the beginning of...

https://mfame.guru/container-market-flourishes-as-rates-reach-new-heights/

CMA CGM Catches Strong Shipping Market Continuing In First Half

Container shipping group CMA CGM said that it expected activity to remain strong in the first half of this year after brisk demand for consumer goods boosted its profits at the end of last year, says an article published in Reuters.

CMA CGM Net profit earnings

France-based CMA CGM said its fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) reached $2.23 billion, compared with $1.01 billion in the year-earlier period.

Quarterly group net profit came to $1.0...

https://mfame.guru/cma-cgm-catches-strong-shipping-market-continuing-in-first-half/

A.P. Moeller-Maersk Profits Soar To 83%

  • A.P. Moeller-Maersk saw profits soar 83% in the third quarter on recovering volumes and rising freight rates.
  • The Logistics giant expects that the global container market could expand by up to 5% in 2021.
  • Maersk’s third-quarter revenue fell 1.4% to $9.92 billion, above the company’s own guidance of $9.9 billion, and shipping volumes fell 3.6% from a year ago.
  • Maersk said it now expects full-year earnings before interest, tax, depreciation and amortization of $8 billion to $8.5 billion,...

https://mfame.guru/a-p-moeller-maersk-profits-soar-to-83/

Container Market Sees Best Q2 With a $2.7bn Profit

  • The container shipping industry posted a combined profit of $2.7bn in the second quarter of this year.
  • The positive results were despite every line experiencing declining revenue and year-on-year volumes.
  • Hapag-Lloyd posted the highest profitability, at $146.40 per teu and HMM saw an ebit per teu of $129.10, marginally below Maersk’s $129.30 per teu.
  • The least profitable carrier was Yang Ming, with $18.60 per teu, just below OOCL at $45.10 per teu and the latter’s parent company, Cosco, at...

https://mfame.guru/container-market-sees-best-q2-with-a-2-7bn-profit/

The Major Shipping Alliances Plan Differently To Manage Capacity

  • Asia-North Europe market share set to ebb and flow between the alliances.
  • The 2M partners reduced capacity by over 50% and in the next 2 months will see year-on year-capacity reduced by 24%.
  • The Ocean Alliance reduced capacity by around 45% and will reduce capacity by a far modest 14%-18%.
  • THE Alliance reduced capacity by 29% in week five and by 38% in week six and offerings will be cut back by 24%-27%.
  • Currently 2M deploys 41% of headhaul capacity, with the Ocean Alliance providing 38% and...

https://mfame.guru/the-major-shipping-alliances-plan-differently-to-manage-capacity/

US-China Trade War Escalation Jitters in the Shipping Market!

industrial port with containers

The U.S.-China Phase One trade deal is not dead, but it is on life support and its likely to affect trade once again, writes Freight Waves, Senior Editor, Greg Miller in an article published on their website.

What’s Waiting for the Container Market?

The two superpowers’ deteriorating relations in the wake of a Chinese security law covering Hong Kong has implications for container, tanker, dry bulk and gas shipping demand, as well as shipping stocks.

President Donald...

https://mfame.guru/us-china-trade-war-escalation-jitters-in-the-shipping-market/

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