The Dispatch - Issue #31

Rates
A quiet week on the rate slide due to the Chinese golden week holiday. There is some talk in the market of rates stabilising and possibly increasing, as the carriers have taken this as an opportunity to blank more sailing and get their ducks in a row. However, I’d fully expect more reductions as we get further into October.
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 $5,852 per 40’ container (FEU) dated 04/10/22 (down 13.30% WoW)

FBX
Report a figure of $6389 per 40’ container (FEU) dated 07/10/22 (down 3% WoW)

News
Some articles I found of interest this week. Containing anaysis of the current rate market, how the lines are working to keep their record profits, and a detailed look at China's current issues.



Tweets
We've written a blog about free ports - can goods manufactured in UK free ports benefit from preferential tariffs i.e. be exported under FTAs?
— Dr Anna Jerzewska (@AnnaJerzewska) October 3, 2022
Here's what it says
/1https://t.co/YB00uLyvoY
The container collapse continues, dropping nearly 20% last week - now $2515 per 40 ft TEU for China to US West Coast. Now below 2018 levels. 1/ pic.twitter.com/aLbCAGIPge
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) October 4, 2022
Frightening amount of new boxships about to hit the water - we've been here before, it tends to get painful https://t.co/NFsgjTTW6g pic.twitter.com/5Acscg8VSP
— Sam Chambers (@SamChambers) October 5, 2022