Following weeks of falling container freight rates, numbers from Shanghai Containerized Freight Index (SCFI) on Friday showed some much needed progress for a total of 2.4 percent. For the important route between Asia and Europe, this increase converted to currency was an impressive USD 339 per twenty foot container, teu. This is a clear sign that the much discussed peak season surcharges are about to break through.
“It’s the effect of the peak season surcharge that we are starting to see. This shows that there is still discipline in the sector in spite of the poor market prospects, which is a good thing,” Stig Frederiksen, Maersk analyst at Carnegie, tells Ritzau Finans.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sohmen-Pao expects shipping's green transformation to be delayed
Elevated costs and energy prices might postpone shipping’s green energy transition, says BW Group Chair Andreas Sohmen-Pao in an interview with ShippingWatch on the consequences of the current geopolitical situation for shipping.
US aims to tighten shipping law – could lead to major penalties in harassment cases
New shipping legislation is being drawn up by the US Congress. If the Coast Guard Authorization Act of 2022 is passed, carriers risk million-dollar penalties in case they do not report sexual harassment cases or fail to do so in due time.
Alexander Saverys on Euronav merger: Compromise is the only solution
Belgian shipping family Saverys has no confidence in a merger between tanker rivals Frontline and Euronav unless a compromise is reached. ”That’s the only solution,” says Alexander Saverys in an interview with ShippingWatch.
MSC continues dispute with FMC judge in complaint case
MSC disagrees with a US federal judge’s proposed default judgment in a complaint case filed by the Federal Maritime Commission. The liner company had until Sept. 22 to present documents in the case.
IKEA stops chartering container vessels
IKEA will no longer lease space on board container ships to have its products brought to shelves across the world, the global furniture group confirms. But the company is trying to avoid congested ports.
Student Assistant for Program Management 
Technical Superintendent 
Freight and Logistics Officer 
IT Specialist 
Commercial Director - Europe 
Purchase & Logistics Manager based in Copenhagen 
Fleet Manager