Booming May rates mask the looming capacity bomb

Massive increases in container shipping rates since 2 May are the consequence of Asian port congestion, US import demand, reduced Asia to Europe capacity and the ongoing geopolitical risks seen in the Red Sea, sending rates soaring by 28.8% in two weeks.

Drewry Shipping consultants said that average container freight rates had fallen week-on-week by 2.6% between 25 January and early May, boosting the top line of container shipping companies and their share prices by 19% this year so far.

However,...

https://container-news.com/booming-may-rates-mask-the-looming-capacity-bomb/

Red Sea crisis still leaves alliances short of ships, as newbuildings fully absorbed

The three container shipping alliances are still short of 36 ships, or 10% of the required tonnage, to entirely fulfill their 25 Asia – Europe loops as of 10 May.

Despite record newbuilding deliveries this year, and 1.14 million TEUs delivered so far, the Red Sea crisis has soaked up all available tonnage.

Alphaliner’s report says, “Taking into account that the average vessel size on this trade currently stands at 14,150 TEUs, some 509,400 extra slots are still needed. This represents 9.6% of the...

https://container-news.com/red-sea-crisis-still-leaves-alliances-short-of-ships-as-newbuildings-fully-absorbed/

OCEAN Alliance rolls out new service network

OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called “DAY 8 Product”.

After extending their partnership for an additional five years, the four ocean carrier allies are unveiling their new programme aimed at tackling the emerging challenges posed by the volatile conditions in the Red Sea.

The DAY 8 Product, which is expected to commence in April, will include:

  • The deployment of 321 container ships, including 119 vessels...

https://container-news.com/ocean-alliance-rolls-out-new-service-network/

Container shipping alliance landscape: Dominant OCEAN Alliance extension leaves THE Alliance stranded

The extension of cooperation among OCEAN Alliance partners has established a framework for the operation of major container lines in the coming years.

As CMA CGM, COSCO, along with its subsidiary OOCL, and Evergreen will remain under the OCEAN Alliance umbrella until 2032 and Maersk has already announced its upcoming partnership with Hapag-Lloyd, effective from February 2025, the members of THE Alliance seem in an unfavourable position. Meanwhile, MSC and ZIM have already signed a partnership...

https://container-news.com/container-shipping-alliance-landscape-dominant-ocean-alliance-extension-leaves-the-alliance-stranded/

Lack of newbuildings costs OCEAN Alliance’s Asia-Europe frequency

Since the members of OCEAN Alliance (CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation) did not have many newbuildings join their fleets, nor reassign vessels from other loops, they struggled to operate their usual Asia-North Europe and Asia-Mediterranean schedules amid the Red Sea crisis.

Alphaliner’s report showed that while mainline operators should offer 8.5 departures per loop in a week, OCEAN managed just 6.3 weekly loops.

While the COSCO-operated Asia – North Europe LL1 / AEU1...

https://container-news.com/lack-of-newbuildings-costs-ocean-alliances-asia-europe-frequency/

Carrier alliance analysis: Ocean Alliance expands on Asia-North Europe

Sea-Intelligence looked at the development in capacity market shares between the three carrier alliances on the Transpacific and Asia-Europe trades.

Capacity market share is the share of the total deployed capacity within each trade lane that is operated by each of the three carrier alliances, explains the Danish maritime data analysis company.

On Asia-North America West Coast, the alliances collectively lost capacity market shares, especially during the pandemic, when capacity outside of the...

https://container-news.com/carrier-alliance-analysis-ocean-alliance-expands-on-asia-north-europe/

“Schedule reliability recovery rate for 2M was above Ocean and THE Alliance for Asia-North Europe trade lane,” reports Sea-Intelligence

To gauge which of the three container carrier alliances recorded the fastest post-pandemic recovery in schedule reliability, Danish maritime data analysis company Sea-Intelligence pegged their lowest recorded schedule reliability during the pandemic as month “0” and then looked at the change from that baseline in the next months.

Source: Sea-Intelligence.com, Sunday Spotlight, issue 630

Figure 1 covers the Asia-North Europe trade lane. “In just the second month after dropping to its lowest point,...

https://container-news.com/schedule-reliability-recovery-rate-for-2m-was-above-ocean-and-the-alliance-for-asia-north-europe-trade-lane-reports-sea-intelligence/

Blanked sailings now the norm

Blanked Asia-Europe sailings have become expected in liner operators’ routines, according to Alphaliner’s latest report today (16 August).

Record newbuilding deliveries have made operators reduce sailings to manage capacity and THE Alliance has the largest percentage of skipped schedules.

THE Alliance has blanked just over 10 of its sailings, translating to nearly 20% of sailings that have been skipped. In comparison, the OCEAN Alliance has skipped 10 of its 90-odd voyages, amounting to a...

https://container-news.com/blanked-sailings-now-the-norm/

Disminución de la oferta en el servicio de contenedores de Asia a Norte América

De acuerdo a Alphaliner, se reporta una disminución en la oferta de contenedores para los servicios de Asia a Norte América en comparación al mismo periodo en el 2022, precediendo el boom de la demanda en la pandemia.

Esta entrada Disminución de la oferta en el servicio de contenedores de Asia a...

https://fullavantenews.com/disminucion-de-la-oferta-en-el-servicio-de-contenedores-de-asia-a-norte-america/?lang=es

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