The Dispatch - Issue #28

Rates

Is boom time is over for the shipping lines? With spot rates continuing to tumble 40’ rates have fallen back below the $7000 mark. There are market whispers of rates being available at closer to $6000, however that’s more likely aggressive forwarders taking a view the market will drop before they need to ship your box. Do not be surprised to see a ‘rolling’ at this rate level.

XSI® - C

Report a figure of $8,903 per 40’ container (FEU) dated 24/08/22 (down 0.95% WoW)

FBX

Report a figure of $9,979 per 40’ container (FEU) dated 26/08/22 (down 1% WoW)

News

With demand being absent from peak demand season, the glory days appear to be on their way back to normality for shipping lines according to Splash 247. Backing this up is the next article from The Loadstar who highlight the following from Container xChange.

The leasing platform said average container prices from China had halved, compared with August last year, despite the industry heading into peak season. Furthermore, there was a 17% decline in one-way leasing pick-up rates of containers from China to the US between June and July.

And finally from Politico some news to strike fear into the hearts of most men out there 🍻.
Europe's soaring energy bills are triggering a wave of shutdowns at major fertilizer plants across the Continent, causing disruption for farmers, food manufacturers and — to the horror of bar owners everywhere — brewers of beer.

Demand-led spikes are over for container shipping - Splash247

The demand-led spikes seen during the pandemic that propelled container shipping to record earnings are now a thing of the past, according to new analysis from Copenhagen-based Sea-Intelligence. Sea-Intelligence has run the numbers on supply and demand during the covid era, and its conclusions add t…

Splash247Sam Chambers

Drought and power shortages bring crucial factories in China to a standstill - The Loadstar

As container prices from China head south, drought and power rationing has triggered the closure of factories along the crucial Yangtze River commercial corridor. A record heatwave in China’s south-west Sichuan province has led to depleted reservoirs and rolling blackouts as hydropower plants were f…

The LoadstarSam Whelan

Beer shortages and pig pile-ups: Fertilizer crisis rattles European food chain

Beer and meat production take a hit as fertilizer plants shut down due to soaring energy prices.

POLITICOGraham Lanktree

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