The Dispatch - Issue #20
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Rates
Much of the same this week on the rates from China and Asia. Spot rates deals are still very much the best best for the cheapest rates, with traditional liner options falling below the new Charter services in most container sizes (20’s the exception)
XSI® - C
Report a figure of $10,569 per 40’ container (FEU) dated 11/05/22 (down 0.57% WoW)
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FBX
Report a figure of $10,565 per 40’ container (FEU) dated 13/05/22 (down 0% WoW)
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News
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Tweets
'Carriers have been trying to manage this drop in spot rates by implementing blank sailings while trying to lock shippers on longer-term contracts riding on the previous highs in hopes of extending their honeymoon period' https://t.co/v0MfSXPyLc
— Sam Chambers (@SamChambers) May 12, 2022
#TikTok’s parent company, ByteDance, is now the most valuable startup in the world — with an estimated valuation of $360 billion, larger than Netflix, Twitter, Snap, Uber, and PayPal combined.#nomercynomalice pic.twitter.com/p7fnATcUZP
— Scott Galloway (@profgalloway) May 10, 2022
Trucking in and around Shanghai looks like one long Chinese New Year celebration of late https://t.co/v0MfSXPyLc pic.twitter.com/ElwWLCzHoV
— Sam Chambers (@SamChambers) May 12, 2022