The Dispatch - Issue #33

Rates

How low can they go?

There’s talk that rates may have finally bottomed out, with capacity being removed from the market. However, I think there may be a room for further falls over the next month. There are headline rates available at $2250 per 40’ container if you’re flexible on UK arrival ports, with average sell rates being around the $2500 mark.

Below indices are always lagging on the actual achievable rates but provide a good record & visual of the situation.

XSI® - C

Report a figure of $4,293 per 40’ container (FEU) dated 01/11/22 (down 11.7% WoW)

FBX

Report a figure of $4,800 per 40’ container (FEU) dated 04/11/22 (down 7% WoW)

News

Some articles I found of interest this week. Containing details of Maersk’s slow boat from China, interesting article on digitalising trade docs, and potential hacks on the Suez.

Maersk offers overstocked retailers a slow(er) boat from China - The Loadstar

Maersk says it is offering shippers the opportunity to slow cargo arrivals from Asia destined for European and US ports to help retailers manage bloated inventories. The initiative from the Danish logistics integrator comes as demand for retail-lifestyle products from Asia plummets. In its latest As…

The LoadstarMike Wackett

The Westminster Series: How will the Electronic Trade Documents Bill transform trade in the UK?

The Electronic Trade Documents Bill is one of the most important bills you have never heard of. Not ...

FinextraEditorial Team

New report warns hackers could create another Ever Given incident in the Suez - Splash247

The Suez Canal is among the most secure waterways in the world, with thousands of soldiers and check-points covering the 193 km trade artery. However, despite the military hardware on site, it is the ships transiting the canal which could pose the greatest threat to security. With GPS spoofing on th…

Splash247Sam Chambers

Tweets

A few tweets that caught my eye 👀