Container Rates

Latest GRI Moves Trigger An Upward Surge In Spot Rates

Credits: Venti views/Unsplash

Spot rates for containerized ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs) from carriers, says an article from Xeneta.

Fighting For Control

The news, revealed by Oslo’s Xeneta, provides welcome relief for a segment that has been “up against the ropes” for much of 2023, fighting against declining demand and volumes, married to escalating overcapacity and continuing economic uncertainty....

https://mfame.guru/latest-gri-moves-trigger-upward-surge-in-spot-rates/

Weekly Container Rate Update -Week 32,2023

Credits: Venti-views-unsplash

General Rate Increases (GRIs) have been a persistent talking point for the ocean freight sector since April this year, as carriers struggle to tackle a lop-sided supply-demand dynamic and elevate subdued rates. However, until now, those efforts have largely fallen flat. But have August’s GRIs succeeded in changing that narrative? Xeneta’s latest data appears encouraging for carriers…

2023 has seen the container shipping industry striving to overcome the ‘double...

https://mfame.guru/weekly-container-rate-update-week-322023/

Kontainers founder launches Ship Angel, acquires WaySync

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The past few years have seen container shortages, soaring freight rates and unprecedented...

https://www.freightwaves.com/news/kontainers-founder-launches-ship-angel-acquires-waysync

Who fuels the price war?

Danish maritime data analysis firm Sea-Intelligence said that freight rates are primarily determined by changes in vessel utilisation, which in turn means that when shipping lines deploy “too much” capacity, they effectively contribute to falling rates, and in times of endemic over-supply, such as those we are currently heading into, over-capacity becomes “fuel” for a price war.

“While there is to objective measure for “too much” capacity, a starting point would be to compare how capacity growth...

https://container-news.com/who-fuels-the-price-war/

Should You Follow The Bulls From JPMorgan? – ZIM Integrated

credit venti views
Article Thesis

ZIM Integrated Shipping (NYSE:ZIM) is still a company with high volatility, and it is very obvious that its best days are behind it. Wall Street presently expects ZIM to make very small profits both this year and in 2024, which will result in a sharp decline in dividend payouts, possibly even to zero. ZIM could still be a good investment because of its extremely robust financial sheet, provided that container rates begin to rise in the not-too-distant future....

https://mfame.guru/should-you-follow-the-bulls-from-jpmorgan-zim-integrated/

Stormy Seas Ahead for Cargo Carriers?

Credits: Guillaume Bolduc/Unsplash

After posting another record year of profits, worldwide recessionary and inflationary pressures are now chipping away at ocean carrier fortunes. As far as rates are concerned, our analysts suggest that shippers and freight forwarders will be able to do a little window shopping this year, reports Logistics Management.

Global recession hits container market

Global ocean carriers reached the top of the bullish market in 2022 by realizing high profits largely due to...

https://mfame.guru/stormy-seas-ahead-for-cargo-carriers/

Upcoming renegotiations of Asia-Europe contract rates to signal freight rates trends, said HSBC

British multinational banking and financial services organisation, HSBC brings forward its trough scenario for container shipping. HSBC lowered its demand estimations for 2023 and increased its effective 2022-24e supply estimates.

This is reflecting the unwinding of congestion, according to the banking major, which also sees significant downside risks for 2023 consensus profits.

Meanwhile, sport box rates have fallen significantly in the latest weeks with the Shanghai Containerised Freight Index...

https://container-news.com/upcoming-renegotiations-of-asia-europe-contract-rates-to-signal-freight-rates-trends-said-hsbc/

How will the European energy crisis affect freight markets?

Volatility in European power markets stemming from EU and U.K. sanctions against Russian energy — imposed in retaliation for Russia’s invasion of Ukraine in February — may soon cool off, but only after carving a slice out of the continent’s economy. 

On Monday, U.K. Prime Minister Liz Truss announced plans to cap household energy bills at the equivalent of $2,300 annually. Meanwhile, German Chancellor Olaf Scholz unveiled a 65 billion euro relief package to ease the pain of energy prices that...

https://www.freightwaves.com/news/how-will-the-european-energy-crisis-affect-freight-markets

Freight rate analysis for Indian shippers reflects easing signs on some trades

An analysis of container freight rates on trades out of India in recent weeks suggests a market correction on the horizon, at least on some routes, though the prices continue to stay at levels way above what shippers had incurred a year earlier.

Average rate levels for India-Europe cargo – both westbound and eastbound – have seen no changes this month, compared to March. Those from JNPT/Nhava Sheva or Mundra to Felixstowe in the United Kingdom have remained at around US$8,000/20-foot container...

https://container-news.com/freight-rate-analysis-for-indian-shippers-reflects-easing-signs-on-some-trades/

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