Whither the peak season?

Peak season, what peak season? ask worried Asia-Europe ocean carriers

There was a further slippage this week in container spot rates for the European components of the Shanghai Containerised Freight Index (SCFI).
Of concern for Asia-Europe ocean carriers is that rates have so far failed to improve in the first month of the traditional peak season – for North Europe, they have now slumped by over 30% since the beginning of the year.
The SCFI recorded North Europe rates down another 1.7%, …

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Smooth sailing for rates on the transpacific, but rougher seas for Asia-Europe

As expected, container spot rates have soared between Asia and the US this week, buoyed by GRIs and radical capacity cuts by carriers.
The Shanghai Containerized Freight Index (SCFI) recorded a massive 24.5% leap in spot rates for the US west coast, to $1,720 per 40ft.
For US east coast ports, rates jumped 16%, to $2,789 per 40 ft.
According to Alphaliner, the Ocean Alliance will have removed over 29,000 teu of capacity …

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Supply chain radar: Peak season, what peak season?

“Global ship operators that normally begin the summer preparing for peak shipping season instead are bracing for a surge in tariffs. Executives say they are concerned that recent weakness in shipping rates sends an ominous signal just as some major economies are starting to stumble and trade tensions are rising.” – Wall Street Journal, June 2019.  
This is normally the time of the year when, full of enthusiasm, ocean carriers …

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Bimco goes grim, predicting a weak peak season for container shipping this year

Shipping association Bimco is predicting a gloomy outlook for the liner industry, with weak demand growth and a return to negative margins for ocean carriers.
The timing of the Chinese new year tends to skew container throughput during the first quarter but Bimco’s latest container review says it now has sufficient data for a “first glimpse at the real trend” and suggests there are “many pitfalls” expected in the coming months.
It advises …

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Return of AE2/Swan service dampens carrier hopes of Asia-Europe rate hike

The reactivation of the 2M’s AE2/Swan Asia-North Europe loop this week has poured cold water on plans by carriers to raise FAK rates.
The lines were looking at an increase of around $200 per teu from 15 December, but the addition of 18,000–20,000 slots on the Maersk and MSC ULCVs seems to have put paid to any hope of a rate increase until demand picks up ahead of Chinese New Year in …

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