ShippingWatch

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

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.

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