The Dispatch - Issue #16

Rates

Rates continue to drop, though it’s still very much a spot market with some headline grabbing rates available but for specific vessels and limited TEU.

The main carrier pricing now seems to be in line (if not below) some of the new chartered services, will be interesting to see how their pricing plays out.

As always get in touch if you want specific pricing.

XSI® - C

Report a figure of $12,761 per 40’ container (FEU) dated 22/03/22 (down 1.38%)

FBX

Report a figure of $12,314 per 40’ container (FEU) dated 25/03/22 (down 3%)

News

War and ‘lack of trust’ keeping shippers wary of long-term contracts - The Loadstar

The appetite for long-term contracts, much desired by shipping lines, has waned with the onset of war – while long-term relationships with forwarders and carriers are also suffering from deep mistrust by shippers. “The world is a lot more volatile today than it was a month ago,” explained Jeff Douvi…

The LoadstarAlex Lennane in San Francisco

European and American terminals brace for whiplash effect from latest China Covid outages - Splash247

Terminals in Europe and North America have been told to brace for another whiplash effect from delayed shipments out of southern China. Logistics giant Kuehne+Nagel’s digital platform, seaexplorer, has developed what it terms as a Global Disruption Indicator, which tallies the cumulative teu waiting…

Splash247Sam Chambers

The Ever Given grounding one year on - Splash247

On this day one year ago, a giant vessel approached the Suez Canal in windswept conditions, sand whipping up across the banks of the 193 km strip of water connecting Asia with Europe. The infamous would end up aground, straddling the waterway and for the ensuing six days shipping was thrust into the…

Splash247Sam Chambers

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