The Dispatch - Issue #32

Rates

Rates continue to drop, with blank sailings not appearing to have the desired effect of halting the slide. Space can be secured across the board at $3500 per FEU. When this actually sails on a ship is another matter, with the blank sailings and new COVID-19 lockdowns in China causing chaos.

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 $5,051 per 40’ container (FEU) dated 18/10/22 (down 7.52% WoW)

FBX

Report a figure of $5,192 per 40’ container (FEU) dated 21/10/22 (down 14% WoW)

News

Some articles I found of interest this week. Containing details of the blank sailing programs in China, Brexit’s effect on our trade flows with Europe, and just how much money owning a shipping line can make you.

Ocean carrier voyage blankings causing chaos and confusion for shippers - The Loadstar

Ocean carriers are ramping-up their vessel blanking programmes from Asia as export demand weakens, but last-minute cancellations are causing chaos in supply chains and confusion within liner offices. Moreover, shippers are having to navigate their way around ‘officially’ announced blank sailings and…

The LoadstarMike Wackett

Brexit has resulted in a ‘significant decline’ in trade flows with the EU - The Loadstar

UK-EU trade flows have fallen by 16%, while EU-UK trade has dropped 20%, since Brexit, according to a report today by the Economic and Social Research Institute (ESRI).

The LoadstarCharlie Bartlett

MSC’s Aponte family labelled Switzerland’s richest family - Splash247

The Swiss now know which family is the richest – and pollutes the most – in their country. Originally hailing from Naples, the secretive Apontes, who own a cruise brand as well as the world’s largest containerline, Mediterranean Shipping Co (MSC), have had their names splashed in the local press in…

Splash247Sam Chambers

Tweets

A few tweets that caught my eye 👀