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SeaIntel: No basis for super-optimism in container

The recent optimism among several commentators pointing to improvements in container transports between Asia and Europe lacks a factual basis, says SeaIntel in an analysis.

In spite of several positive and current indications of developments in the container freight between the Far East and Europe, the carriers remain in the grip of strong and erosive forces, and there has yet to be any solid data to support a changed scenario, according to an analysis of the developments in spot rates since 2009, performed by SeaIntel Maritime Analysis.

"Recently, we have seen strong rate increases on the main export trades from Asia to Europe and North America. These increases have prompted a number of industry commentators to speculate that we have seen a strengthening of the market, brought about by strong peak season combined with capacity discipline - and as a consequence, we might see a strong freight rate environment for this year's peak season. But on the basis of the current factual developments on the Asia-Europe trade, there is presently not a solid basis upon which to expect a permanent improvement," says SeaIntel in its newsletter Sunday Spotlight.

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