The Dispatch - Issue #25

Rates

Rates continue to slowly dip, though they are being held up by numerous blank sailings. The indexes below continue to show an accurate visual of the direction of rates over time, though spot rates are achievable at up to 10% below these levels.

XSI® - C

Report a figure of $10,162 per 40’ container (FEU) dated 19/07/22 (down 0.10% WoW)

FBX

Report a figure of $10,219 per 40’ container (FEU) dated 22/07/22 (down 2% WoW)

News

A nice Freightwaves article below giving different scenarios for what the new normal in freight pricing may look like. Some doom and gloom about the incoming recession from the Loadstar and detail from Maersk on what the EU emissions trading system will mean in costs for shippers if it comes into play (very likely to).

Container shipping spot rates still falling: What will be the new normal?

Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.

FreightWavesGreg Miller

Trade blockages ease, but recession seems to be looming, say economists - The Loadstar

At the same time as congestion in some ports begins to ease and goods get moving once again, economic indicators reveal that demand is dropping on a level akin to that at the start of the pandemic, according to the Tradeshift Index of Global Trade Health.

The LoadstarCharlie Bartlett

$173 per feu: Maersk warns EU’s emissions trading plans will be ‘significant’ - Splash247

One hundred and seventy euros ($173). That’s the price Danish carrier Maersk estimates clients will have to pay extra per feu on the Asia – Europe tradelane once a package of new European Union regulations kick in. For reefers, the extra charge is estimated on the same tradelane at EUR255. In an adv…

Splash247Sam Chambers

Tweets

Some Tweets that have caught my attention this week 👀