Even though spot rates on the container route between the Far East and Northern Europe have been cut in half during the past eight weeks, from USD 1,501 per teu in early August to currently USD 765 per teu, carriers still hesitate to withdraw capacity. As such, their chances of successfully increasing the rates for the rest of the year look doomed, says Alphaliner.
In spite of plans to cut nine sailings between the Far East and Northern Europe during the next two weeks due to the Chinese holiday Golden Week, resulting in lower demand, the move will still only have a moderate effect. Last year, three services were pulled out during the 4th quarter, but no similar measures have been announced for this year.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Celsius Shipping slows a bit down after record year in 2021
Last year was the busiest to date for Celsius Shipping. Purchase and sale of ships have occurred at a slower pace this year, but Chairman Jeppe Jensen still deems 2022 a year with ”good activity.”
HHLA advances despite chaotic market
Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.
Borr Drilling seeks capital in the US
Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.
Persistent Svitzer spat set to end in Australian labor court
Maersk-owned carrier Svitzer and three Australian labor unions have been negotiating new work conditions for years, until the tugboat operator asked Australia’s Fair Work Commission to end the dispute.
Ten people arrested for illegal fuel trade in Singapore
The Singaporean police suspects ten persons of having made illegal dealings with ship fuel. The ten people have been arrested as well as charged with fraud and handling stolen goods.
Adm. Director of Svendborg District Heating 
Senior Associate – Group Strategy Office 
Head of Airfreight 
Senior Bunker Trader - Copenhagen 
Experienced Bunker Trader - Tønsberg/Oslo 
A lawyer (chief consultant) is wanted for People & Culture 
Operations Manager for B-Gas A/S in Copenhagen 
Legal secretary for Shipping / Offshore / Transportation 
Logistics coordinator with responsibility for our shipping activities 
Operations Controller – Weco Tankers 
Assistant Fleet Superintendent