Asia-North Europe Archives - The Loadstar

‘Desperate’ GRIs by carriers prop up Asia-Europe spot rates, for now

Gavin van Marle — Fri, 01 Nov 2024 13:39:54 +0000

Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing to push through a general rate increase on ex-Asia loadings.
This week’s Drewry World Container Index (WCI) saw the spot rate on the Shanghai-Rotterdam leg rise 8% week on week, to $3,396 per 40ft, while the Shanghai-Genoa leg grew 11%, to $3,648 per 40ft.
One European forwarder told ...

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Carriers may have ‘overshot’ on capacity and will need to blank more sailings

Gavin van Marle — Fri, 25 Oct 2024 11:54:05 +0000

Container spot freight rates on the main export routes out of China continued to fall this week, with declines seen on both the transpacific and Asia-Europe trades.
The trend of declining spot freight rates was bucked, however, on the transatlantic, where Drewry’s World Container Index (WCI) recorded a 28% week-on-week increase, to $2,663 per 40ft, on its Rotterdam-New York leg.
And the backhaul New York-Rotterdam leg price rose 4%, to $761 per ...

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The absurdly simple freight rate shipping cycle – except when it’s not

Gavin van Marle — Fri, 25 Oct 2024 11:30:05 +0000

The economics of the container shipping industry are absurdly simple – just supply vs demand.
What is so fiendishly difficult is judging how much of either factor there is. And not just in pure numbers, but in the way that external factors such as strikes and storms; congestion and conflict can hugely influence not only levels of supply and demand, but the perception of those levels.
This gives the sector the weird ...

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Surging transhipment cargo means SE Asia ports must cooperate, not compete

Gavin van Marle — Tue, 15 Oct 2024 12:53:48 +0000

The combination of challenges posed by the Red Sea crisis and an early peak season, particularly on the Asia-Europe trades, has changed the nature of competition for transhipment traffic among South-east Asian ports.
Traditionally, the battle for transhipment cargo in the region, a vital transit point in Asia-North Europe and Asia-Mediterranean trades, has traditionally been a three-way battle between Singapore, Port Klang and Tanjung Pelepas.
At times it has been fiercely competitive ...

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Spot rates ex-Asia still falling, despite USEC congestion, with more blanks

Gavin van Marle — Fri, 11 Oct 2024 12:34:26 +0000

Container spot freight rates on the main trades out of Asia continued to fall this week, as the resumption of operations at US east and Gulf coast ports eased industry congestion fears.
Nonetheless, the three-day stoppage by ILA members ensnared up to 70 vessels in the region, leaving an inevitable backlog that will take time to clear – estimates vary from “a matter of days” to “two or three weeks”, although ...

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Strike swell hits transatlantic rates – transpac shippers hold their breath

Gavin van Marle — Fri, 04 Oct 2024 12:11:33 +0000

The supply chain ripples from the US east and Gulf coast port strike have largely still to make themselves felt in global spot freight rates, according to this week’s indices.
Despite predictions that the transpacific eastbound headhaul trade might see a surge of demand into US west coast ports, the major spot rate indices saw freight rates decline on the trade: the Drewry World Container Index’s (WCI) Shanghai-Los Angeles leg declined ...

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Spot rates tread water – some calm before the ‘USEC storm’

Gavin van Marle — Fri, 27 Sep 2024 12:25:48 +0000

As the shipping world prepares for what could be a tumultuous period on the US east and Gulf coast from next week, there was little change this week in spot container freight pricing trends that have been place for the past month.
Spot container freight markets this week have been relatively subdued, determined by two factors: the continued slack demand across Europe following the end of its peak season; and North ...

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Adding UK port as first call will see Asia-Europe liners save on ETS fees

Charlie Bartlett technology editor — Fri, 27 Sep 2024 11:56:24 +0000

Research from analyst Sea Intelligence has found that next year, Asia-North Europe services with a first port of call outside the EU – most often the UK – will allow carriers to sidestep much of their EU Emissions Trading System (ETS) obligation, with MSC potentially enjoying a saving of 47%.
UK ports are emerging as winners in the wake of ETS market distortion, with carriers adding a call at Southampton, Liverpool ...

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MSC plans to develop new box terminal at Aarhus angers APMT

Gavin van Marle — Wed, 25 Sep 2024 12:21:18 +0000

MSC’s port operating subsidiary, Terminal Investment Ltd (TIL), has signed a deal with the port authority of Aarhus to develop a new container terminal at Denmark’s largest port.
The faciality will be located in the port’s Ominterminal area, the port authority said, where TIL will lease approximately 170,000sq metres to “establish and operate their own container terminal”.
The Omniterminal, pictured below, courtesy of Aarhus port authority, is a two-phase development, with the ...

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Spot rate decline slows, but prices for some long-term ocean contracts soar

Gavin van Marle — Fri, 20 Sep 2024 12:37:01 +0000

Spot container freight rates on the main east-west trades continued to fall this week, although the trajectory of the decline has begun to flatten, with the drops all in single digits.
The largest decline was seen on the Asia-North Europe trade: yesterday’s weekly World Container Index from Drewry saw its Shanghai-Rotterdam leg slump 9% week on week, to $4,682 per 40ft, although it still remains nearly 300% up on the same ...

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