The Dispatch - Week 10

Rates

More downwards direction in the general rate picture from Asia to the UK, though with events in Ukraine having a considerable impact on fuel prices, the lines are already talking emergency BAF surcharges.

Think the rate reductions will go someway to offsetting the fuel surcharges, but not sure how far rates will continue to drop.

XSI® - C

Report a figure of $13,564 per 40’ container (FEU) dated 09/03/22 (down 1.05%)

FBX

Report a figure of $13,382 per 40’ container (FEU) dated 11/03/22 (down 1%)


News

Shipping mints even more money as supply chain squeeze drags on
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
That’s another billion on top of last year’s record-setting haul!
Carriers forced to adjust Asia-North Europe capacity as demand drops - The Loadstar
Blank sailings (but not slidings) are back on the Asia-North Europe tradelane, as ocean carriers adjust capacity to meet softening demand on the route. Today’s Ningbo Containerized Freight Index (NCFI) commentary reports that weekly available export capacity is now exceeding demand and carriers have…
Fitting with the general picture of rates being offered from China, but already seeing blank sailings and schedule tweaks to keep capacity tight.
CMA CGM to use $18bn profits for further growth and concessions to SMEs - The Loadstar
CMA CGM is to ringfence 90% of the $18bn net profit it made last year for growth, including purchasing more ships and equipment, and pledged exclusive space on its vessels to small and medium-sized shippers. The French line is among major ocean carriers under fire from US lawmakers who accuse them o…
Some good news.... but no real idea what level of help this will give SME's

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