Rates

The tide has seemingly turned on the carrier's gravy train of sky-high rates. With reductions across the board coming in every few days, containers can now be booked at rates from $4500 per FEU.

You can see from the news section below that the carriers will try to stem the bleeding with a raft of blank sailings, but long term I think there are more reductions to come through to CNY.

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 $7,017 per 40’ container (FEU) dated 20/09/22 (down 8.14% WoW)

FBX

Report a figure of $7,278 per 40’ container (FEU) dated 23/09/22 (down 5% WoW)

News

The falling rates are making things look bleak for the new charter entrants in the market, according to

Many within the liner community have been speculating over the past month that the swift change in fortunes, especially on the transpacific, has been engineered by some of the largest liners to expose, and whittle away the presence of new entrants on the key tradelane.

Blank Sailings to be utilised by the carriers to fight back on tumbling rates, according to Container News.

Importers (and freight forwarders) giving some respite by HMRC with an extension to CHIEF shutting its doors at the end of the month.

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