OceanX radar Archives - The Loadstar

OceanX: Carrier reporting bonanza, but Mærsk, oh Mærsk…

Ruben Huber — Mon, 04 Nov 2024 12:28:46 +0000

Mærsk reported great profits last week (8th best quarter in history), everybody happy?
Let’s look at the hairs in the soup first – quarterly volumes on the liner side were up +0.3% only (Q3 investor pack: here), in a world where Mærsk themselves forecast market volume growth for the year at +6% and CTS actual benchmark for the market in Q3 was +5.6%.
With Mærsk’s capacity growing by +4.7% during ...

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OceanX: ‘DSV vs Kuehne’ revisited…awaiting Mærsk

Ruben Huber — Mon, 28 Oct 2024 12:44:43 +0000

Reporting season has kicked off and we take a bit of a closer look at the two logistics behemoths, DSV and K+N, both of which published Q3 24 figures last week.
Let’s dive in… the nitty-gritty.
For one, if we compare and contrast their achievements, DSV is once again the absolute winner, confirming similar patterns for most key metrics at the end of the first half. What makes this all the ...

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OceanX: All eyes on forecasting complexity and the state of FreightTech

Ruben Huber — Mon, 21 Oct 2024 11:50:38 +0000

Fully in the budget season, we bump into forecasts everywhere we look.
And that job has become a lot harder, as the number of factors influencing businesses and especially our industry has become increasingly complex to deal with and predict.
Changes
For one, container shipping used be easier to look at, as supply was pretty much given by the new-vessel-delivery schedule and the to-be-expected scrapping rate defining the supply side – while global trade ...

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OceanX: Enjoy your dose of ‘moderate expansion’ from here

Ruben Huber — Mon, 14 Oct 2024 11:58:07 +0000

China is back after Golden Week and the markets on our radar seem to continue to be slightly messy, but ocean rates keep trending down.
And we got some mixed trade outlook from the World Trade Organisation (WTO). It’s good, only if you look at growth figures in isolation.
Elsewhere
The Gemini members Maersk and Hapag-Lloyd start to implement the Cape version of their new product from February 2025, so… hopes for ...

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OceanX: Strik…in’ short (as we expected); DSV masterclass; MSC’s M&A green-lighted

Ruben Huber — Mon, 07 Oct 2024 12:03:55 +0000

The ILA strike is over stateside… indeed, at least for now.
The name of the game reads: ‘Kicking the can down the road‘ in election year via an agreement on salary increases and re-discussing all the rest later, setting a deadline after the next US administration is in power.
Couple of thoughts
Out to all over the w’end, pertinently, I suggest you read this now from ILA (The International Longshoremen’s Association): “Securing ...

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OceanX: All eyes on ILA strike as rates continue to drop and China regains pride

Ruben Huber — Mon, 30 Sep 2024 12:04:13 +0000

September is coming to an end, Q4 24 is about to start and the industry anxiously looks towards US ports and whether we get a last-minute deal or a strike and supply chain mayhem.
Meanwhile, our Chinese friends are putting their last shipments on the water, before heading into Golden Week from tomorrow, October 1st.
Oh, well: ocean rates keep dropping and the national holiday of the largest exporter will not ...

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OceanX: AI spotlight, waves; ILA strike preparations; diverging ocean/air rates

Ruben Huber — Mon, 23 Sep 2024 11:28:43 +0000

Last week was an Interesting one for tech.
In case you missed it, Microsoft launched Copilot Wave 2 and that’s what I would call Copilot 2.0 – 1.0, if you recall, was pretty useless.
Tech giant Salesforce, meanwhile, made a similar move, disclosing ‘Agentforce“, which CEO Marc Benioff says will entirely transform enterprise software.
Well, maybe this next set of AI tools will live up to (or at least come closer to) ...

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OceanX: DSV + Schenker: 1 + 1 = 2?; Alliance orgy as rates plummet; ILA keeps us all awake…

Ruben Huber — Mon, 16 Sep 2024 12:18:25 +0000

And there it was on Friday finally, the big announcement that DB Schenker will be acquired by DSV for €14.3bn, the deal likely taking effect in Q2 ’25.
The race to hire good Schenker people is on.
And everyone else should also be happy, as the transaction – pending various approvals – shakes up the market and makes people think about who their service provider is, how they are feeling with them, ...

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OceanX: MSC-Mærsk rivalry intensifies; ILA war ‘rhetoric’; how green is green?

Alessandro Pasetti — Mon, 09 Sep 2024 12:06:05 +0000

(Happy Ganpati Festival for our Indian friends! Wisdom and intelligence are indeed needed to get rid of obstacles and venture to new beginnings!)
The turn in spot rates continues with Drewry’s World Container Index (WCI) suffering the largest drop in seven weeks, as disclosed last Thursday, followed by other indexes.
Meanwhile, CTS July numbers still show decent volume growth over 2023 figures, however. And ship sizes are likely to get another bump, ...

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OceanX: ZIM shaker; Schenker paver; Freightos waver; Flexport…breaker?

Alessandro Pasetti — Tue, 27 Aug 2024 11:56:37 +0000

What a week again, the wheel just does not stop turning.
First and foremost, ZIM results were out: +11% volume growth for the quarter, +10.4% for the first half (well above our CTS benchmark at +7.1%).
Elsewhere, top of the pops: the DB Schenker sale took another (!!!) step forward, as final binding offers* have been submitted by the survivors in the auction… one from DSV and the other from a ...

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