freight index

Carriers Can Still Make Good Money in Tumbling Spot Rates?

Container spot rates from China to Europe and the US tanked again this week, leading to heavy discounting by carriers and prompting some to offer significant mid-term reductions to contract rates, reports The Loadstar.

The decline in freight rates was difficult to stop

Ahead of the Chinese Golden Week holiday, the Ningbo Containerized Freight Index (NCFI) weekly market commentary reported that vessel export load utilisation levels were “poor”, and that “the decline in freight rates was difficult...

https://mfame.guru/carriers-can-still-make-good-money-in-tumbling-spot-rates/

Back to the futures: New era of container freight hedging begins

container shipping futures

What will happen next year, next month, next week? Rarely has the future direction of markets been as unknowable as it is today, so why take all the risk if you don’t have to?

Players in commodity and securities markets have long used derivatives to curb downside risk and hedge multimillion-dollar positions. But in container shipping, it’s been over a half-decade since participants have had the ability to use cleared, cash-settled futures to offset their risk.

That changed on Monday when futures...

https://www.freightwaves.com/news/back-to-the-futures-new-era-of-container-freight-hedging-begins

Baltic Freight Index Surges With Rising Vessel Rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, ticked higher on Wednesday on higher activity across vessel segments, reports Yahoo Finance.

Looking into the rates

* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, gained 38 points, or 1.8%, to 2,178, its highest level since March 26.

* The capesize index inched up nine points, or 0.3%, to 3,151 – its strongest since mid-January.

* ​Average daily...

https://mfame.guru/baltic-freight-index-surges-with-rising-vessel-rates/

Baltic Freight Index Falls As Panamax, Supramax Demand Dips

 The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, eased on Thursday as weaker panamax and supramax rates outweighed a rise in the larger capesize segment, reports Yahoo Finance.

Looking into the rates 

* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, slipped 39 points, or 1.8%, to 2,088.

* The capesize index added 49 points, or 1.8%, to 2,758, its highest level in over two months.

* ​Average daily...

https://mfame.guru/baltic-freight-index-falls-as-panamax-supramax-demand-dips/

ONE Q2 Profit Increased Substantially

According to a Freight Waves report, Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements.

  •  ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800% — from $5 million in 2019 to $944 million in 2020.
  • ONE’s fiscal year runs from April 1 to March 31. The Singapore-headquartered ocean carrier, which launched service in April 2018, has been steadily gaining steam, turning the ship...

https://mfame.guru/one-q2-profit-increased-substantially/

Why Shippers Built Massive Vessels?

Unless you’re involved with international commerce in some way, you might not have heard that the cost of shipping goods out of China is absolutely soaring right now, says an article published in Bloomberg.

What Happened?

Six months ago, the Shanghai Containerized Freight Index of spot shipping rates was at 1,022. As of Friday, it was close to 3,000. On the latest episode of the “Odd Lots” podcast, we spoke with economist and historian Marc Levinson, the author of “The Box,” a book on the...

https://mfame.guru/shippers-saw-need-for-bigger-vessels/

Baltic Exchange Sees Highest Index in Nearly Eight Weeks Over Rising Rates

The Baltic Exchange’s main sea freight index climbed to its highest in nearly eight weeks on Tuesday, as rising rates for larger Capesize vessels offset dips in Panamax and supramax rates, reports Yahoo Finance.

Highlights

* The Baltic dry index, which tracks rates for Capesize, Panamax, and supramax vessels, rose 7 points, or 0.5%, to 1,330, its highest since Oct. 28.

* The Capesize index rose 46 points, or 2.5%, to 1,865, extending an eight-day rally and hitting its highest level in over seven...

https://mfame.guru/baltic-exchange-sees-highest-index-in-nearly-eight-weeks-over-rising-rates/

Booming Rates And Exports Causes Global Imbalance

China’s exports recovered fast from the COVID-19 pandemic but delivering goods overseas has become difficult due to increasing shipping costs, reports CGTN.

1.6 trillion yuan export volume

In October, China’s export volume topped 1.6 trillion yuan, jumping 7.6 percent year on year, the seventh consecutive month of positive growth since the coronavirus outbreak. 

The fright index cost by Shanghai Shipping Exchange climbed to 2048.27 last Friday, which was over twice April’s figure of 855.34....

https://mfame.guru/booming-rates-and-exports-causes-global-imbalance/

Carriers Holding Upper Hand Riding High on Spot Rates

According to a Loadstar article written by Gavin van Marle, container shipping spot rates on the main deepsea east-west trades this week maintained the historic highs seen in recent weeks.

Carriers Upper Hand

Today’s Shanghai Containerised Freight Index demonstrates that carriers continue to hold the upper hand as the annual round of contract negotiations on the Asia-Europe trades looms.

  • The SCFI’s Shanghai-North Europe route ticked up $16 per teu to end the week on $1,100 per teu, while the...

https://mfame.guru/carriers-holding-upper-hand-riding-high-on-spot-rates/

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