Alphaliner: Container rates headed for new low

60 new mega-ships will be deployed between the Far East and Europe from September to December of this year, and none of the major carriers seem willing to trim their capacity out of fears of losing market shares.

Photo: Leth Suez

The major container carriers hesitate to trim their capacity due to fears of losing market shares on the routes from the Far East and the Pacific ahead of the winter season and the implementation of new alliances. This could make the rates plummet to a new low during the 4th quarter, and this happens at a time when new mega-ships are being deployed on a large scale, according to analysts Alpahaliner.

The spot rate has declined another 44 percent compared to early August, to a current market level of down to USD 650 per teu.

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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs