Container Shipping Market Breaking Records

British shipping consultants Drewry are predicting container shipping will smash last year’s record profits in 2021, with 2022 also tipped to be highly profitable, reports splash247.

Figures for all Liners

“The container shipping market has never been so hot,” the new report from Drewry states.

Full year 2020 figures for all liners – as tallied by Drewry – show the industry notched up a collective $26.6bn operating profit, the highest figure ever recorded by the UK analysts, with a combined...

https://mfame.guru/container-shipping-market-breaking-records/

Booming Container Market For Another 2 Years

  • After cumulative ocean carrier profits exceeded some $9bn for the final quarter of 2020, the returns for the liner industry could double that in Q1 this year.
  • Cosco Shipping expects its Q1 net profit would reach a massive $2.3bn.
  • This is in comparison with just $44m for the same period a year ago, after Cosco Shipping average freight rate leapt 54% quarter on quarter.
  • Carriers are also reducing the MQC (minimum quantity commitment) on contracts in order to allocate more space for even...

https://mfame.guru/booming-container-market-for-another-2-years/

Growing Container Ship Building Business, A Fact File

  • It has long been argued that shipowners are abstaining from orders because they fear future decarbonization rules won’t grandfather in today’s carbon-emitting newbuild designs.
  • What’s happening now in container shipping implies that owners can overcome this fear if returns look high enough.
  • Turns out, when things are good, people will still order even if they are concerned what type of fuel to use.

A recent Freight Waves news article written by Greg Miller reveals that the new containership...

https://mfame.guru/growing-container-ship-building-business-a-fact-file/

Strong Q1 Dry Bulk Freight Market A Surprise

  • Although uncertainties still loom large due to the global pandemic, many countries are recovering economically and actively rebuilding commodity stockpiles.
  • Expectations are that shipments will increase further in Q2, while freight rates will remain steady.
  • Pent-up demand for commodities from grains to coal powered a surprisingly strong recovery in the dry bulk shipping market in the first quarter.

A Platts news written by Carina Li and  Isaac Eio reveals that dry bulk freight market’s...

https://mfame.guru/strong-q1-dry-bulk-freight-market-a-surprise/

Hottest Summer Ever Experienced For Freight

This could be the hottest summer ever experienced for goods transportation, says an article published in FreightWaves.

Inbound Ocean TEU Volume Index

The IOTI measures which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. 

It covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being tied more closely than ever to surface freight volumes and transportation demand, this could be a...

https://mfame.guru/hottest-summer-ever-experienced-for-freight/

Weekly Bulk Report – Week 14, 2021

The Capesize market continued this week with its constant and relatively steady improvement in rate values, reports Baltic Exchange.

Capesize

The Capesize 5TC lifted 4,058 over the shortened post Easter holiday week to $23,911.  While the Transpacific C10 remains the premium paying basin at $27,221, the Atlantic Basin C8 has closed the gap now rated to $19,850, albeit fixtures still remain few and far between in the region. The Fronthaul C9 and Backhaul C16 stood out this week as solid earning...

https://mfame.guru/weekly-bulk-report-week-14-2021/

Sparking Increase In Shipping Expenses

Higher shipping expenses for business are forcing companies to pass the extra costs on to consumers., says an article published in BloombergQuint.

The immense hike in prices

The price for a container of goods from China to the U.S. West Coast and European ports have stopped near record highs for several months.

The contract rates along the bellwether trade lane linking Asia with North America, are coming in around $2,500 to $3,000 for a 40-foot container which are 25% to 50% higher than a year ago.

https://mfame.guru/sparking-increase-in-shipping-expenses/

Weekly Tanker Report – Week 14, 2021

The Baltic Briefing has issued the tanker report for the 14th week of this year. The report dated 09th April 2021 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.

VLCC

Rates have slipped in all sectors. 

280,000mt Middle East to USG trip

In the Middle East the market for 280,000mt Middle East to US Gulf trip (routing via the Cape/Cape) is assessed a point lower at WS18.

270,000mt to China

The rates for 270,000mt to China have eased 1.5 points...

https://mfame.guru/weekly-tanker-report-week-14-2021/

Firm Capesize Demand Pushes Baltic Index 2-week High

Higher capesize rates lift Baltic index to 2-week high, reports Yahoo Finance.

Baltic Index high rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 60 points, or 2.9%, at 2,145, its highest level since March 29.

Capesize Index

  • The capesize index jumped 249 points, or 8.6%, to a...

https://mfame.guru/firm-capesize-demand-pushes-baltic-index-2-week-high/

The Best Q1 Since 2008 in Shipping Industry

  • Shipping has enjoyed its best Q1 since before the global financial crisis, with the second quarter on track to post equally high gains.
  • The ClarkSea Index, containership and gas carrier earnings managed by Clarkson Research Services, averaged $17,461 a day in the first quarter.
  • It is the best Q1 average since 2008, prior to the collapse of Lehman Brothers.

A Splash 247 news report by Sam Chambers highlights that shipping celebrates best Q1 since 2008.

The story of first quarter

In the first...

https://mfame.guru/the-best-q1-since-2008-in-shipping-industry/

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