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admin | Category: Sealand Container | 25.11.2014
The additional capacity is part from fleet modernization for the most of the world container operators.
Shipping spot freight rates for transporting containers from ports in Asia to Northern Europe fell 2.8 percent to $205 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the tenth consecutive week of falling freight rates on the world's busiest route and the average level this year is so far $435 per TEU, nearly half the average of the same period last year when it stood at $953 per TEU. The current level is widely seen as loss-making for container shipping companies like Danish Maersk Line, Switzerland-based MSC, French CMA CGM and German Hapag Lloyd . Maersk Line, the global market leader with a market share around 15 percent and part of Danish shipping and oil group A.P.
The Danish shipping company controls around one fifth of all transported containers from Asia to Europe. Shortly after lunchtime on June 5 onboard FPSO Cidade de Rio das Ostras, a crew member spotted a sea turtle trapped in a fishing net drifting on the surface of the waves.
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is driving a global roll-out of its new cargo and agency platform, YourISS2.
Initial test runs through the expanded Panama Canal began Thursday as tugs led a bulk carrier into the first set of locks on the Atlantic side of the canal, AP reports. Shares in Singapore-based oilfield services firm Otto Marine Ltd jumped 37 percent on Thursday after the company received an offer from its majority shareholder to take it private.


Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 8.3 percent to $1,057 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Maersk Line, the global market leader with nearly 600 container vessels and part of Danish oil and shipping group A.P. Excluding 2009, the past 12 months has seen the lowest spot rates in most major trade lanes and all at the same time. Asia-Europe spot container rates soar as carriers hard line the 1 July GRI against a background of weak market fundamentals.
Registering with My Drewry ensures we provide you with, relevant information, tailored to your specific interests and based on your account history. The widespread practice of void sailings has proven to be ineffective so far”, commented the shipping analyst Alphaliner. In attempt to reduce freight costs per TEU, they are ordering new ships for long distant routes without being covered by market demand.
Moller-Maersk, controls around one fifth of all transported containers from Asia to Europe. End of year 2015 spot rates from Asia to the US West Coast and US East Coast were around $815 and $1,520 per 40 foot container respectively - the lowest since 2009."The rate deterioration emphasise that carriers have been fighting for market share and are positioning themselves further for the potential shifting of cargo from the West to the East Coast after the Panama Canal widening," Drewry wrote. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.


Shanghai-Rotterdam container freight rate index increased by $1,632 per 40ft container today4th July 2013, London. In this way is creating a formal gap between the capacity and demand, which drops the freight rates, but made the transportation costs more effective and lower.
It was the first time since the first quarter of 2012 it reported a negative quarterly result.
As result of capacity oversupply, the carriers will have serious loses in second quarter of 2015.
Martin Dixon, research manager freight rate benchmarking at Drewry, commented: a€?We expect this rate increase to be partly reversed in the next few weeks. Of course the fleet modernization and improve of vessels’ capacity of Asia-North Europe routes definitely supports this dropping trends.



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