By Mark Woolnough —

The Dispatch - Issue #34

Rates

More reductions incoming, as carriers are seeing rates crash back down to pre-pandemic levels (and below). There is the small issue now of not being certain of getting on the sailing you are aiming for due to blanking’s, but at least you’re not paying $20,000 for the privilege.

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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 $2,622 per 40’ container (FEU) dated 22/11/22 (down 17.5% WoW)

FBX

Report a figure of $4,075 per 40’ container (FEU) dated 25/11/22 (down 12% WoW)

News

Cold lay-ups in the frame as liners look at all options in their toolbox - Splash247
Liners will idle as much as 1.5m teu of tonnage next year as the container market eases with analysts warning images of boxships in lay-up could become commonplace once again. British consultants Drewry are forecasting idling will reach approximately 1.5m teu next year, or roughly 6% of the end-2022…
Splash247Sam Chambers
New UK deepsea box port would be one of world’s largest tidal-powered schemes - The Loadstar
The prospect of a new 1.5m teu deepsea container terminal in the centre of the UK’s east coast is garnering interest from ocean carriers and shortsea services looking for more sustainable port operations. During peaks in demand, the UK’s existing container hubs struggle to cope with larger-than-norm…
The LoadstarMike Wackett
Morgan Stanley says jaw-dropping inventory levels a ‘key risk’ to retailers
Plans to order more inventory have fallen to a record low, according to Morgan Stanley. There’s far too much stuff and not enough demand.
FreightWavesRachel Premack

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