Containers
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Sharp fall in container spot rates as peak season flounders
At this time of the year container spot rates are usually their most buoyant. But indices continue to show steep falls that started at the beginning of 2022
Rising bunker costs mask box spot rate decline
Bunker prices have risen sharply since the situation in Ukraine began to unfold, while freight rates are down a fifth
Russia sends more ships to Türkiye, Bulgaria and China
Sanctions have slowed Russia’s outbound trade, but a small number of countries are taking the opportunity to boost economic ties with the country
Transpacific rates tank as carriers race to the bottom
Market is seeing rates of below $4,000 per feu on offer, with another $1,000 discount in sight. The levels are said to be approaching the breakeven point even for the larger carriers
Evergreen’s schedule reliability shows major improvement
Service reliability remains way below pre-pandemic levels, but overall delays to containership schedules are coming down, with Evergreen showing the most improvement among the major liner operators
The week in newbuildings: First VLCC order placed since mid-2021
Orderbook for VLCCs boosted to 48 ships following recent order by MOL for dual-fuel pair at Chinese shipyard. However, the newbuilding backlog for this type of vessel is at its lowest level for decades
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The week in charts: Grain corridor ship round-up | Container spot rates in sharp decline | Total losses in the single digits
Container spot rates drop, exports from Ukrainian grain hubs surpass 1m tonnes, and banks make cautious comeback in ship finance
Inflation threatens to end container demand party
Economic uncertainty is adding to geopolitical tensions to make for an uncertain market. Box shipping could see volumes contract further in the second half of the year
Ship carrying coal to Germany runs aground in River Waal
A general cargo ship laden with coal got stuck on the bottom of the Waal after miscalculating the depth and water levels around Nijmegen port
Boxship charter market boosted by The Alliance members
The Alliance members Hapag-Lloyd, Ocean Network Express and Yang Ming have been particularly active in extending charters of vessels of above 9,000 teu capacity
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Latest From Ports and Logistics
Tuas Port in Singapore opens
When completed in 2040s, the port will be able to handle 65m teu, almost doubling Singapore’s throughput of 37.5m teu in the past year
Transpacific rates tank as carriers race to the bottom
Market is seeing rates of below $4,000 per feu on offer, with another $1,000 discount in sight. The levels are said to be approaching the breakeven point even for the larger carriers
Hutchison Ports teams with MSC for new Rotterdam terminal
The terminal will be developed and launched in phases. It is expected to start the first stage of operation in 2027
More from Containers
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Latest From Containers
Russia sends more ships to Türkiye, Bulgaria and China
Sanctions have slowed Russia’s outbound trade, but a small number of countries are taking the opportunity to boost economic ties with the country
Tuas Port in Singapore opens
When completed in 2040s, the port will be able to handle 65m teu, almost doubling Singapore’s throughput of 37.5m teu in the past year
Transpacific rates tank as carriers race to the bottom
Market is seeing rates of below $4,000 per feu on offer, with another $1,000 discount in sight. The levels are said to be approaching the breakeven point even for the larger carriers
Hutchison Ports teams with MSC for new Rotterdam terminal
The terminal will be developed and launched in phases. It is expected to start the first stage of operation in 2027
Zim signs long-term LNG bunkering agreement with Shell
Shell will supply 10 LNG-fuelled very large containerships that will be deployed to Zim’s Asia to US east coast trade
Long-term box rates to mirror spot rate fall
Thereare signs long-term contracted rates are beginning to fall on key container trades, mirroring recent declines in spot freight prices
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