13 December 2011
Overall demand for container shipping is not as bad as one might think from looking at the freight rates. But for an industry that has grown by close to 10% p.a. over the past decade, it does take time to adjust and adjust to a demand growth half as strong.
17 February 2011
As the Chinese Lunar New Year draws to an end, the container lines have already prepared themselves for a strong rebound. In fact they must have been
14 April 2011
Container rates have been sliding on all the major trading lanes since July 2010, with the exception of a small hiccough round the turn of the year
24 March 2011
Spot rates for shipping of containers out of Shanghai bound for Europe have now slipped below the USD 1,000 per TEU–mark for the first time since March 2009. Following yet another weekly drop in freight rates on this main trading lane, boxes are now being shipped off at USD 992 per TEU, USD 27 per TEU lower than last week.
15 August 2012
The positive stories continue to show themselves in the container shipping segment, with freight rates holding up well and demolition activity staying strong. In the light of the slowly developing demand side, it’s very positive that the industry deals with the supply side issues to improve the fundamentals.
17 October 2012
James Hetfield may have had container line operators in mind when writing: “Waiting for the one – the day that never comes – when you stand up and feel the warmth – but the sunshine never comes”.
13 June 2012
The first five months of 2012 have been developing in the right direction for the container shipping industry. Freight rates on the main routes have been going up markedly and consecutively in March, April, May and June, despite happening at a decreasing amount – the total hikes amount to USD 1,100-1,300 per TEU. This has lifted freight rates on the Far East to Europe trading lane from USD 536 per TEU just before Christmas to the current level of USD 1,634 per TEU, equal to +205%.
13 May 2016
BIMCO expects the container shipping fleet to break through the 20 million TEU barrier shortly.
30 June 2016
Demolition of containerships almost tripled in the first 5 months of the year 2016 in comparison to the same period of last year.
25 January 2016
Overall, container volumes being moved around the world have grown by an average GDP-to-trade multiplier of just 1.1 since 2010 and we expect this to continue in coming years. With IMF expecting GDP growth of 3.4% in 2016, this translates into container demand of 3.5-4%.