ShippingWatch

Alphaliner: Shipowners to face heavy headwind in 2013

New rate increases on Asia-Europe during 2013 are being announced but the present market situation will not justify any increases. In fact, the risk of rate drops is imminent.

Photo: Maersk Line

During 2012, shipping companies succeeded in raising the rates on Asia-Europe in five out of eight General Rate Increases (GRI). The significant rate increases of 170 percent from USD 700 to USD 1,900 per teu during the spring of 2012 are without precedent but the likelihood of the carriers succeeding this year is very small, Alphaliner states in its newsletter on Tuesday.

Last week, Hapag-Lloyd was the first carrier to announce a rate increase of USD 750 per teu as of 15 March but rate increases have been unsuccessful in the past three months in spite of the peak season up to the New Year in Asia. Rates have only increased by USD 250 per teu from November to January and significant rate increases cannot be justified as long as there are too many ships and a low demand, Alphaliner states.

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