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.

Read the whole article

Get 14 days free access.

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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs