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Declining container rates pressure Maersk's business plan

The decline in container rates has now reached 25 percent since August on the crucial Asia-Europe trade. This development puts pressure on container carriers, not least Maersk Line. Fearnley lowers its expectations for the full-year 2018.

Container rates skyrocket on North-South routes

Spot rates from China to South America rose to their highest level since 2009 after a doubling over the last three months. North-to-South rates weighed down Maersk Line in particular in the first three months of the year.

Analysts: Maersk Line headed for billion-dollar improvement

An improved profit of no less than USD 1 billion for 2017 may sound like a bold prediction from Maersk Line, but Danish and international analysts speaking to ShippingWatch all seem confident that CEO Søren Skou is on track to reaching his goal. The group's first quarter results will be released Thursday.

Drewry: Spot rates take a dive on Asia-Europa

Spot rates on the key container tradelane Asia-Europe took a big dive last week, according to a survey from Drewry. The firm expects the rates to keep sliding as there is by now more space available for shippers.

SeaIntel expects big rate increases for shippers

Last year's contracts between carriers and shippers were signed at historically low prices when comparing contract rates and spot rates. There could therefore be major rate increases in store when new contracts are negotiated in May.

Container rates soar to 20-month high

Spot rates on the 11 major East-West routes between Asia and Europe climbed to a 20-month high this week, according to Drewry's World Container Index. Further rate increases are expected in the week to come.

Fearnleys: Maersk will gain from third quarter rate hike

A significantly improved operating result is in store when Maersk publishes its third quarter interim report on Wednesday, projects analyst firm Fearnleys in the wake of the collapse of competitor Hanjin, which has sent container rates soaring.

Hamburg Süd: Pressure on container industry for three more years

The container industry will struggle with weak rates for at least another three to four years, notes Hamburg Süd's CEO according to Bloomberg. Trigger factors include the number of new container ships going back up while the sector's growth will be far below global growth, he says.

Drewry: Container rates have bottomed out

The extremely dire container market has now bottomed out, notes Drewry, pointing to increasing rates going forward. However container carriers have aimed too low in their contract negotiations and still face significant losses in 2016.

Drewry: Container prices at lowest level since 2002

The weak growth prospects in the container industry are reverberating throughout the supply chain and are now hitting suppliers. The average price for new containers fell to the lowest level in 14 years in the last quarter, writes Drewry.

Maersk Line: We are caught in a vicious cycle

Falling freight rates, declining earnings and rising overcapacity. The container market finds itself caught in a vicious cycle, says Robbert van Trooijen, Maersk Line's Chief Executive for the Asia-Pacific region, at Singapore Maritime Week.

Bleak Maersk Line forecast takes analysts by surprise

Drewry projects a hundred million dollar loss for Denmark's Maersk Line in the first quarter. Danish-based analysts expect a very difficult 2016, but are surprised by the negative forecast. Drewry expands on its projections in comments to ShippingWatch.

Drewry: Maersk Line headed for major Q1 deficit

The world's largest container carrier, Maersk Line, is expected to finish the first three months of 2016 with a deficit totaling hundreds of millions, projects analyst agency Drewry. Prospects for the full-year 2016 look dire.

Drewry: Shippers have negotiated rates way down

Container carriers are currently sailing cargo on the key East-West routes for decidedly lower freight rates than last year, writes Drewry, projecting that the rates will decline further from the second quarter as shippers negotiate lower contracts.

Alphaliner: Carriers stick with slow steaming

Container carriers continue to sail slow in spite of the all-time low fuel prices. The extremely low rates eliminate the gains from the otherwise significant benefits of speeding up, notes Alphaliner.

Xeneta: Big shippers paying for mega box ships

Numbers from Oslo-based Xeneta show that big volume shippers on long-term contracts often pay excessive rates for shipping their products, and they are thus footing the bill in the sector. This benefits third party logistics players in particular, notes the company.

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