ShippingWatch

A part of Watch Media

SeaIntel: Shipowners unable to maintain high rates

The much-discussed discipline the container shipping companies seem to have found in 2012 is only partially true. While general rate increases are pushed through with strong discipline, the spot- and contract rates are now declining faster than at the height of the price war in 2011.

Photo: Hyundai Merchant Marine
BY JAKOB VESTERAGER

The shipowners’ discipline in pushing general rate increases through is less pronounced when looking at the week-to-week changes in spot- and contract rates, as they are showing a rapidly declining trend, with rates now being reduced at a faster pace than at the height of the price war in 2011, writes SeaIntel. The result could be significantly reduced capacity.

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

  1. Norway aims to activate grid-scale offshore wind by 2029
  2. Scorpio Tankers reduces outstanding debt substantially
  3. Russian response to embargo could make oil historically expensive
  4. North Star to build 40 vessels for offshore wind in North Sea
  5. South Korea puts a figure on consequences of nationwide strike
  6. Torm has carried crude oil to take advantage of elevated prices
  7. Japanese carrier pledges launch of 40 LNG-fueled vessels by 2030
  8. Danish carrier fights against claim from former US partner
  9. Tankers queuing up off Türkiye following cap on Russian crude
  10. Oldendorff invests in maritime IT company founded by Synergy top exec
  11. US bank offloads shares in Frontline in dash exit
  12. Gard to increase insurance premiums next year – but not as much as competitors
  13. Forwarders express concern about Maersk's dual role in sea freight and logistics
  14. Søren Toft explains spree of ship purchasing: "If we hadn’t done it, I’m pretty sure someone else would have"
  15. US demand at Chinese factories has declined by 40 percent
  16. Trafigura secures gas supplies to Germany with billion-dollar loan
  17. FMC receives wave of complaints over liner companies
  18. Congestion problems could disappear from next year
  19. Major Korean union joins truckers’ protest as strike broadens
  20. Europe’s new sanctions on Russian oil kick in with USD 60 price cap

See all

Job

See all jobs

See all jobs