Container shipping market news. Credit Ratings Data & Delivery.
- Container shipping market news com. Since April 2017, the three-alliance structure comprising Ocean Alliance, THE Alliance, and the 2M alliance has shaped the shipping industry. Ongoing disruptions are expected to keep spot rates elevated. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the Year-to-date, two thirds of the container capacity ordered is scheduled for 2027 delivery and 23% is scheduled for 2028 delivery. Container Shipping News Supply chain Port News Transport, Trade and Regulation News Trans-Pacific. FSL Trust completes disposal of one product tanker. 391 mil to US$89. 5 points. 3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. 7 million TEUs Gemini vs MSC - titans look to reshape container market. The remaining three vessels were two handy boxships and one sub panamax. “On the back of strong third-quarter results combined with strong container market demand and the continuation of the Red Sea situation,” the world’s second-largest container carrier now expects full-year 2024 underlying EBITDA of $11 billion-$11. Furthermore, the world’s largest carrier MSC The market’s normal tranquility is threatened by President-elect Donald Trump’s promise to raise imports tariffs, as well as a potential second strike by the International Longshoremen's Association. 5 Container shipping has become a market where prior patterns of cyclicality must now coexist with non-cyclical forces of external shocks that long-beleaguered carriers have learned to use to their advantage, writes Peter Tirschwell. Credit Ratings Data & Delivery. Out of the Box Container News Team-December 27, 2024 0. 0% in 2024. We now forecast that container volumes will grow 5. We forecast Containerization's rise remains resilient against global market consolidation hurdles, as reduced long-distance container shipping costs and expanding international trade continue to drive its We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. Join us for a FREE Drewry online briefing at 0900 or 1600 BST on Thursday 6 May to hear our update on the container shipping market outlook and guidance on freight rates and carrier profitability. 7 on November 5, then sharply fell to EUR 153. 0-4. “In 2023, the container market grew 0. Explore the latest news and updates from the world of the container shipping industry covering technology, freight rates, fleet capacity, new buildings and services. This week’s stock performance reflects an environment of cautious optimism, influenced by varying trends in consumer demand, ongoing challenges in global supply chains, and fluctuating fuel prices. Based on insights and predictions from Mr. The new agreement will see the two parties focus their cooperation on route network layout, international transit, complete logistics service The market’s normal tranquility is threatened by President-elect Donald Trump’s promise to raise imports tariffs, as well as a potential second strike by the International Longshoremen’s Association. Peter Sand, Xeneta Chief Analyst, said: “The ocean freight container shipping market has seen rapid and dramatic increases during May and that is set to continue with further growth in spot rates. George Economou banks deal for newbuilding quartet as Zim raids container ship charter market Global container shipping turned a corner in the second quarter of 2022 according to the findings of the latest Quarterly Review of the market produced by MDS Transmodal and Global Shippers Forum (GSF). The Swiss-Italian container shipping leader is bidding NOK7. As Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining months. Browse Splash 24/7 for more maritime and shipping news. 0% and growth in head-haul and regional trades of 5. Laura Robb, Associate Editor | Get the sample copy of Container Shipping Market Report 2024 (Global Edition) which includes data such as Market Size, Share, Growth, CAGR, Forecast, Revenue, list of Container Shipping Companies (AP Moller-Maersk AS, MSC Mediterranean Shipping Company SA, CMA CGM, China COSCO Holdings Company Limited, Hapag-Lloyd, ONE (Ocean Global news, analysis, and prices for the container market. 16/11/2024 Comments Off on VHBS New ConTex Container Ship Time Charter Assessment Index Week 46 We experienced another moderate week with arrows relatively stable and steadily increasing across Owners of smaller boxships — long the Cinderella of the container ship market — are cashing in on a big rise in vessel values. The year 2024 was pivotal for the global container shipping industry, shaped by a complex interplay of economic recovery, geopolitical tensions, and evolving The Far East continues to spearhead global container shipping, with major ports like Shanghai, Singapore, Ningbo, and Busan at the forefront. Watch videos, top stories and articles on Container shipping at MaritimeGateway. The year 2024 was pivotal for the global container shipping industry, shaped by a complex interplay of economic recovery, geopolitical tensions, and evolving trade Read more. 7% D. 7 million TEU across 2024, is anticipated to ease The global container shipping industry is on the brink of a transformational year, with new vessel deliveries expected to reach unprecedented levels in 2024, according to data from the Baltic and International Maritime Council (BIMCO). Projected size of the global shipping container market between 2020 and 2028 (in billion U. The Red Sea crisis, port congestion and demand created by an early peak season have resulted in a capacity crunch for carriers and a rise in rates for shippers. 3%. In our base scenario we assume that Beginning at EUR 169. Container market growth has lagged behind overall economic development significantly, as the world economy has grown 10% since 2019,” stated Niels Rasmussen, Chief Shipping Analyst at Sea Traders exits container shipping market. Get the latest maritime news THE HAGUE : As we approach 2025, the global container and shipping industry stands at challenging crossroads. Ltd “Looking ahead, the container shipping market is expected to remain volatile. NCFI selects the data of the freight in the terms of export CIF and CY-CY. COSCO SHIPPING Holdings Co Ltd ADR BIMCO's Shipping Market Overview and Outlook Q3-23 - Container Market. search. Data from Container Trades Statistics (CTS) shows that global volumes for the first nine months reached 136. 5%, demand for ships is growing very fast in 2024, whereas volume growth in 2025 will not be enough to Check back here for the latest news and insights on the state of the container shipping industry. In its latest weekly report, shipbroker Intermodal said that “the container shipping market is currently navigating through a period of significant transformation, marked by divergent trends in Congestion at the port of Singapore has reached 2 million TEUs, according to consultancy Linerlytica, which has said that equipment shortages and a lack of tonnage had conspired to raise the spectre of cargo delays and In the second part of our 2023 shipping market outlook series we are focusing on the container sector with Maritime Strategies International (MSI) analyst Daniel Richards. Container shipping news and analysis of ocean container shipping, logistics, supply chains, technology and end-to-end connectivity. We are here to share authentic and foremost news on regular basis. 6%, far outpaces growth in global shipping trades, which grew at a CAGR of just 0. Container Shipping Market Overview & Outlook Q2 2023. Singapore Containers. Ports. Container shipping has become a market where prior patterns of cyclicality must now coexist with non-cyclical forces of external shocks that long-beleaguered carriers have learned to use to their advantage, writes Peter Tirschwell. Combined with estimated global volume growth of 5. Delivery Platforms Platts Connect. Major shipping container market participants include Almar Container Group, W&K Container Inc. While additional ship capacity, with an expected delivery of 2. Cool Cargo News Container Shipping News Industrial Real Estate News Trans-Atlantic North American ports. For all the latest of BIMCO's own market analysis on global shipping, including macroeconomics, dry bulk, tanker and container. 5% in 2023, and by between 3. The Xeneta Global XSI®, which covers all valid long-term contracts in the market, edged up 2. Register free to access Platts shipping price assessments and reports here. MSC is joining its peers in tapping into the red-hot car carrier market. Container News is a shipping and maritime news portal, specialised in liner shipping and its container applications. 7 on November 6, and stabilized somewhat to close at EUR 160. Published Dec 29, 2024 4:13 PM by Tom Peters New York Yankees' great, Yogi Berra, once said, "You can learn a Visit TradeWinds for the best news, insight and opinion covering the global shipping business. The global container shipping industry experienced a profit surge in the second quarter of 2024 to more than $10 billion, reported Bloomberg. 0% in 2025. 5 percentage Donald Trump's victory is 'a step in the wrong direction' for trade as importers fear another spike in container shipping freight rates, says Xeneta. Geopolitical tensions, particularly in the Middle East, are likely to keep rates high. Container shipping set to end year with near-zero idle fleet 2024 has been surprisingly good for container shipping thanks to booming demand 24 December 2024 10:50 GMT Updated 24 December 2024 10: We forecast that global container volumes will grow between 0% and 1% in 2023, and between 3% and 4% in both 2024 and 2025. 2, the three major Korean shipbuilders—HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean—simultaneously announced new ship contracts totaling Year-to-date, two thirds of the container capacity ordered is scheduled for 2027 delivery and 23% is scheduled for 2028 delivery. China International Marine Containers (CIMC) in September 2021 had agreed to buy the Danish Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping : BIMCO: Container Shipping Market Exploding in 2024, But 2025 Container values have risen steadily over the last two years until August, but following the pattern of the freight market, this sector has since seen a fall in values. elections, and persistent disruptions in global trade lanes—it The slowdown in factory output in China is impacting global supply chains, diminishing the volume of goods available for export, which, in turn, affects container shipping demand. From mid-June, rates are set to go up by US$500 per container for Indian loads to the US East Coast and US$1,200 per container to the US West Coast, on average. For example, the price of a five year old Panamax Container ship has fallen by 25% from the highest point in April of USD 118. 8 million TEU. We have lowered our cargo volume growth forecast for 2024 by 1 Sea-rail container transport from Shanghai has gone up 30% year-on-year in 2024, to 900,000 TEUs. Survey: 75% of container traders and leasing companies surveyed from China report higher prices and tighter market · Leasing prices for 40 ft high cube containers in China go 2. Combined, head-haul and regional trade volumes are faring slightly better. Container shipping is under pressure from large amounts of new capacity coming into the fleet, however, events in the Red Sea are boosting spot rates at Ocean container shipping continues to navigate rough seas. We forecast that cargo volumes will grow 4-5% in 2024 and 3-4% in 2025. 2 billion in 2023 and is projected to observe around 3. 7 by November 8. 391 mil to USD 89. 5% CAGR from 2024 to 2032, driven by technological advancements and intermodal connectivity. Lack of heavy-lift air freight capacity forces 18 December 2024 (Lloyd's List) - THE 2025 container shipping market outlook remains murky, with many variables at play and widely differing forecasts on vessel demand growth. 0% in 2024 and 3. Moller - Maersk, CMA CGM, COSCO SHIPPING, Hapag-Lloyd, Evergreen Marine, and Mediterranean Shipping Co March 09, 2021 07:58 ET Global Container Shipping Market Report 2021-2025 Featuring A. Lars Jensen, a container shipping industry expert, also shared insights on LinkedIn, predicting a short-term surge in US import demand as shippers anticipate new tariffs by accelerating imports of non-time-sensitive goods. S The container shipping market is currently being pulled in different directions by numerous competing forces, some internal (record newbuild deliveries) and others external (disruptive Red Sea diversions and port strikes). Maersk’s methanol ship conversion tests retrofitting business case. Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping : Container Shipping Market Overview & Outlook September 2024. The year 2024 was The container shipping industry faced another week of mixed performances, as global trade challenges and economic uncertainties continued to influence investor sentiment. 0% and 4. 64 billion (US$700 million) for Norway’s Gram Car Carriers (GCC). The Drewry World Container Index (WCI) continues to reflect high container shipping rates on all trade lanes. 5% of global container capacity, with over 17. Container ship newbuilding orders for 2024 have reached about 4. 4 on November 4, it rose to EUR 170. 5 million TEUs. The Quarterly Review collates and reports outputs Hong Kong consultancy Linerlytica has warned that the shipping lines have not done enough to mitigate the potential for chaos and claims that the strike has thrown the container shipping market into “turmoil” with the lack of government intervention seen The late 2024 Chinese market is characterized by a combination of economic deceleration, declining export demand, and excess inventory in the container shipping sector. 5%. dollars) Container terminals The global container market is facing a myriad of difficulties for the rest of the year, as it acclimatizes to rates dropping to pre-pandemic levels after the boom years of 2020-2021. Subscribe to newsletters. The minimal demolition activity there was in the container shipping sector was dominated by feedermax vessels, which accounted for 8 out of the 11 container ships sold for scrap (72%). US export market navigating ‘disruptive’ peak season amid ag shipment growth. Maersk lays down $150,000 per day to charter newbuilding as 16/11/2024 Comments Off on VHBS New ConTex Container Ship Time Charter Assessment Index Week 46 We experienced another moderate week with arrows relatively stable and steadily increasing across On Oct. Regulatory, Risk & Compliance View All News & Research; Trending Topics Spot rates for full-size shipping containers to the US and northern Europe from Asia surged to the highest levels since September 2022, reflecting a market grappling with geopolitical turmoil and stronger demand for goods. 8% at the end of July, marking the highest-ever figure recorded by a carrier. Maritime Container Shipping News Transport, Trade and Regulation News Container lines. GSF along with consultant MDS Transmodal have designed the Container Shipping Performance Indicators (CSPI) to aid shippers in coming rate negotiations arming them with data that can bring visibility to contract discussions. The dry bulk and container market balance is expected to remain stable in the 2022, while freight rates may face correction when vaccines reduce pandemic impacts. Headquartered in Hong Kong, SITC is an intra-Asia shipping logistics company. In a five-part series mid-year we take stock of shipping markets in the first six months of the year and look ahead to the remainder of the 2024 with experts Maritime Strategies International (MSI). Market Risk. Recent industry report about Container Shipping company news, including latest market trends and industry updates in 2024. Our platform monitors the global liner shipping market and delivers Pan said the container shipping landscape will be transformed in 2025 when new alliances emerge, reshaping the competitive dynamics of global shipping and leading to a more competitive market Global Container Shipping Market Report 2021-2025 Featuring A. BW LPG: Kristian Sorensen boosts shareholding. In an increasingly complex and uncertain market, our Container Market Annual Review and Forecast provides the accuracy, detailed insight and industry The container shipping market’s outlook changed dramatically in September 2022 when pessimistic economic forecasts and reduced consumer demand combined to send spot freight rates tumbling. the Middle East is leveraging its strategic location to enhance its market position, albeit at a more moderate pace. Moller - Maersk, CMA CGM, COSCO SHIPPING, Hapag-Lloyd, Evergreen Marine, and Mediterranean Shipping Co March 09, 2021 07:58 ET Home News Container shipping. 5X in May Explore the latest news and developments in shipping, container shipping, dry bulk, tankers, LNG carriers, and cargo interests, brought to you by the editors of Seatrade Maritime News The container shipping industry remains sensitive to global trade flows, geopolitical tensions, and macroeconomic indicators. This influx of new capacity, driven by an accelerated fleet expansion and robust order books, marks a significant chapter for In a repeat of last year container shipping analysts are talking in apocalyptic terms about the market in 2025. Stay informed with the latest news, analysis, and market insight from the container shipping industry through our expert coverage. Watch videos, top stories and articles on Container Market Report at MaritimeGateway. Container Shipping News Logistics Technology News Container lines Trans-Atlantic Forwarding Asia-Europe Trans American Shipper Container Shipping Intermodal Maritime News Top Stories. Home; more week before rate discounts creep back with limited capacity Europe unprepared for mega container ship casualty. Analysis and Comment Containers Data Hub. Hong Kong Market Report 2024. Head-haul and regional trades are expected to grow faster than back-haul trades and we estimate that they Container news, Freight news, Markets, Opinions, Shipping news; 13/12/2024; Drewry: The World Container Index remained stable this week 50-2024 Container news, Shipping Finance news, Shipsale news; 05/12/2024; According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight Index (SCFI) to its highest level since T he container shipping market appears to be set for a fruitful period ahead. 49% decrease. Private Credit Solutions. Maersk’s market share peaked at 19. Dec 17, 2024 | Shippers warned of chaotic start to 2025 for container markets. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Container Shipping Market Overview & Outlook September 2024 26 September 2024; London, UK, 05 November 2024 – Drewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a compound average growth rate (CAGR) of 3. ‘Trump Presidency threatens spike in container shipping markets’ by Mariska We forecast that global container volumes will grow by between -0. Looking ahead, we expect freight rates and time charter rates to follow the predicted Get the latest news, analysis and opinion on Container shipping Meanwhile, London-based shipbroker Braemar reported a 46% increase in its container charter market index, Boxi, since mid-December when the Houthis first began missile attacks against international shipping in the Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on June 1, according to the The global container market is facing a myriad of difficulties for the rest of the year, as it acclimatizes to rates dropping to pre pandemic levels after the boom years of 2020 2021. Restocking begins on trans Freight news; Container news; Dry bulk shipping news; Tankers; Offshore news; Ship Accidents; Shipping news; Port news; Shipping News Two missing and 13 dead after Indian Navy craft collided with ferry. P. Panama, August 30, 2024 – The container ship MSC MARIE transited through the Panama Canal today, marking a milestone by becoming the The shipping container market size was valued at USD 8. “On 1 June, spot rates will reach a level we haven’t seen since 2022 when the Covid-19 pandemic was still wreaking chaos across ocean freight The report, titled ‘Golden Age: Container shipping’s post-covid boom continues’, states that in addition to the huge uptick in orders, 2024 has seen 362 new container vessels entering the market with a further 169 to be The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiralling short-term rates begin to soften. 5% in July to stand at 151. EDITOR PICKS. Latest Cido Shipping fixes newbuilding quartet to MSC in rising container ship market Container shipping market. For example, the price of a five year old Panamax container ship has fallen by 25% from the highest point in April of US$118. So far this year, container volume growth has developed more favourably than we predicted in our last report and we have also upped our growth forecast for the full year. A high stakes battle is taking shape in container shipping with Maersk and Hapag-Lloyd going head-to-head against MSC and other alliances Shipping markets outlook for H2 2024. 4 million TEUs, breaking the previous record from 2021. Data & Distribution. Tankers. 0% economic growth in both 2023 and 2024, businesses and consumers continue to face financial challenges in Q3 of 2023. In its latest weekly report, shipbroker Intermodal said that “building on the strong performance observed over the This week: Container ship contracting spree now exceeds 10 million TEU News - Reports; Market reports; Shipping Number of the Week; Container ship contracting spree now exceeds 10 million TEU. S. Shipping Container Market News August 2022: Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement said they have abandoned a merger plan, citing significant regulatory challenges. a 0. rewry’s new online Intra-Asia Container Market Insight service confirms that growth in the intra-Asia container shipping market, which over the last five years (2019-2023) registered a The four largest container shipping companies collectively control 57. The slight drop came amidst mixed signals from the global shipping market, including fluctuating freight Find here the updated list of the latest news about container shipping. Container shipping alliance landscape: Dominant OCEAN Alliance extension leaves THE Alliance stranded while the Gemini Cooperation of Maersk and Hapag-Lloyd is expected to receive a significant portion in the market thanks to the strong presence of the two partners in several regions worldwide. 2% year-on-year, ending at 173. Container Shipping News January 2024: SITC signed a framework agreement with Xiamen Port Holdings Group on January 2024, aiming to boost logistics jointly. 19 Dec 2024; News; Boxship market balance will get a bit worse in 2025 and a lot worse in 2026, says BIMCO. 8 Billion in 2022 and is anticipated to reach USD 13. With geopolitical shifts, new alliances and market fluctuations shaping the path going forward, the sector faces both challenges and opportunities. Despite a glut of capacity on the water, Suez Canal diversions and healthy volumes will keep container shipping vessel supply tight, analysts predict. The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk CEO Vincent Clerc told the group's annual Container News was created by shipping executives and aims to offer fast, accurate and reliable information to all companies having transport activities in the container shipping industry. Market players are still ordering VLAC’s and the orderbook has reached 51 vessels with several vessels expected to be delivered in 2026 and 2027. 60 mil by the end of September. The latest data from Xeneta, the ocean freight rate benchmarking and intelligence Shipping News Shifting Cargoes: The Container Trade Adapts to Geopolitical Challenges. 4% fleet growth — under its According to India’s Directorate General of Shipping (DCG), the Indian container shipping market experienced steady growth from 2013 to 2018, with Indian-flagged vessels gradually increasing in number, contributing significantly to the maritime economy. LNG & LPG news, Markets, Opinions, Shipping news, Shipping reports; 19/12/2024; Biden’s LNG-export study warns about risks to U. Market Developments Source: 1) Accenture Cargo; 2) Drewry, net addition = delivery minus scrapping; 3) Alphaliner; 4) Alphaliner, Linerlytica, 5) Reuters Orderbook by Carrier 3) Orderbook by CarrierNominal Capacity Development 2) % change YoY in TEU mTEU CMA CGM 3,799 1,182 ML 4,399 497 COSCO 3,289 913 ONE 1,944 605 HL 2,274 176 Evergreen 1,732 Such movements suggest market volatility and might prompt investors to closely monitor future performance and any underlying factors contributing to these changes. Cido Shipping fixes newbuilding quartet to MSC in rising container ship market Bareboat charters emerge as demand for larger boxships continues upward momentum 20 May 2024 10:43 GMT Updated 22 May Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping The global ship recycling market remained subdued as the year Peter Sand, the chief analyst of Xeneta discuss recent trends in the container shipping market, from plunging spot rates Saturday, December 28, 2024. MSC made the bid through its subsidiary, SAS Shipping Agencies Services. Container shipping has become a market where prior patterns of cyclicality must now coexist with non-cyclical forces of external shocks that long-beleaguered carriers have learned to use to their Container shipping market outlook for 2024. Shipping News. However, in our main scenario we expect a weakening of market conditions in 2025 and 2026. Although the IMF forecasted 3. Only Maersk Line, which MSC surpassed in 2022, has come close to dominating the market in the same way. 5-6. Volatility in freight rates, coupled with evolving geopolitical dynamics, played a key role in shaping stock movements. Dec 16, 2024 | 3 Min Read. BIMCO's Shipping Market Overview and Outlook Q2-23 - Container Market. , CARU Containers BV, Triton International Limited, China International Marine Containers Co. Analysis - News - Reports . As volumes during the first half of 2023 were relatively weaker than normal, we expect the 2024 market to grow faster in the first half of the year. menu. The shipping market in the first half of 2024 has been characterised by strong significant movement and earnings for some sectors are now highest they have Visit TradeWinds for the best news, insight and opinion covering the global shipping business. Credit Risk Analytical Models. This sector news is compiled by Mordor Intelligence™ Container shipping News - Get all latest & breaking news on Container shipping. This pattern indicates significant market swings, possibly due to news affecting European shipping markets or Hapag’s operational performance. Combined head-haul and regional trade volumes are expected to grow 0. Compared to 2019, before the COVID pandemic hit, the market grew 1. Our focus is to source and deliver latest and updated news for the benefit of our viewers’ information. Authorities have worked to connect Shanghai with more hinterland locations, About Us India Shipping News is an Online Web Portal which delivers fastest and most relevant current news on Shipping, Logistics, Maritime and Export- Import industry. . The late 2024 Chinese market is characterized by a combination of economic deceleration, declining export demand, and excess inventory in the container shipping sector. 4% in 2018 but has seen its market P erformance in tankers and dry bulk is likely to remain sound in 2025, with tankers making above-average profits, supported by high tonne-mile demand, while oversupply and easing of disruptions Continued volatility to keep container line profits on course in 2025. However, we do not expect these vessels to trade ammonia in their first years, but rather LPG until the ongoing blue and green ammonia projects are reaching sufficient volumes. 3 Billion 2032 at a CAGR of 4. In its latest market report, Clarksons projects trade growth in teu-mile terms to expand 3% year on year for 2025 — below the expected 5. Volumes in head-haul trades are expected to grow slightly faster than the average. Category: Trump Presidency will reignite US-China trade war and threaten a spike in ocean container shipping markets as businesses rush imports ahead of higher tariffs. com Projected size of the container shipping market worldwide 2020-2028. We expect head-haul and regional trades to grow marginally faster than the total. Alphaliner’s latest weekly report on the shipping market says that the idled fleet is now at its lowest level for more than 22 months at just 84 ships of which one is larger than 12,500 teu and Container lines on India-US trade have lined up a new round of rate increases for June even as market conditions remain increasingly challenging due to excess capacity. For both years we are working with two demand scenarios depending on when ships can fully return to the Red Sea. You can also visit our maritime news archive to learn more about cargo shipping, or our American Shipper archive for air Veson Nautical’s 2024 End-Of-Year-Report states container sector driving high prices. O. Jump To. 88 billion recorded in the second quarter of 2023. Compounding this are geopolitical tensions, regulatory uncertainties related to the upcoming U. Global trade is on track to hit a record $33trn in 2024, according to the latest data from UNCTAD, the Find here the updated list of the latest news about container shipping. “The market is too unpredictable at the moment to confidently make projections,” pointed out Hookham, “but we The shipping containers market size crossed USD 10. The Swiss-Italian market leader’s share of the operated fleet rose to 19. In a weaker market, older, less competitive ships that would have been recycled over the last three years will likely be phased out. In fact, their dominance is so significant that these four carriers – directly or indirectly – shape the container shipping landscape, wielding the ability to heavily influence supply on key routes, container freight rates, and the broader shipping Such is the volatility in the market Q4 forecasts are often broad, unfocused affairs, with Maersk, for example, predicting anything from a US$970 million loss to US$530 million gain. The net income of the world’s leading container carriers, such as Maersk and COSCO, nearly doubled compared to the first quarter of the year, surpassing the $8. During 2024, the supply/demand balance has improved and the full year is expected to end stronger than 2023. Shipping In 2023, 2. 5 billion, up Shipco News Desk Global container shipping hit a record in Q3 2024, moving 47 million TEUs which is 2% higher than the previous peak set during the pandemic period in 2021, according to John McCown of Blue Alpha Capital. Boxship fleet growth is estimated at 9% this year, outpacing demand growth of approximately 4%. com MSC increases market share to 20% of container shipping industry Read More August 22, 2024 Hapag-Lloyd reports strong first half of 2024 Read More August 16, 2024 Latest data from shipping analysis firm Xeneta shows spot rates in the ocean freight shipping market spiked by 20% since Friday (15 December) after major shipping liner companies decided to halt sailings through the Red Sea amid the attacks by Houthi militia. November 13, 2024. Looking ahead, we expect freight rates and time charter rates to follow the predicted supply/balance development, ie begin to weaken during the 2nd half of 2024 and weaken further during 2025. cean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on 1 June, according to the The Container Shipping Market Quarterly Review is produced every three months and reports, interprets and comments on trends and developments in the container shipping market as experienced and understood by shippers – the importers and exporting businesses that own the cargo carried on container ships. Fort Collins, Colorado, May 01, 2024 (GLOBE NEWSWIRE Container Market Report News - Get all latest & breaking news on Container Market Report. While some companies managed to build on positive momentum, others Conversely, a reduction in US-Europe relations might lead to longer shipping times replacing shorter ones. Stay Up to Date on the Cargo Shipping Industry The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. 5 million TEU 06 November 2024; Attacks on ships in Ukraine threaten 1% of dry bulk market 23 October 2024; Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels 16 October 2024; Guyana’s oil exports jump 58% 09 October 2024 “Over the coming years, ship recycling is anticipated to gradually rebound when transits through the Panama Canal and the Red Sea return to normal at some point, and the market adapts to other demand shocks. After nearly eight years, this structure is set to change in February 2025 with the introduction of new alliance arrangements. View all market analysis Market reports Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. Container ship deliveries hit new record of 2. Meanwhile, critical ports in the Trans-Atlantic route, linking North American and We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. The last 12 months have seen values rise to near-record levels across several sectors BIMCO publishes Shipping Market Overview & Outlook reports towards the end of each month as follows: The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. FSL Trust agrees to sell one product tanker. Maritime Reporter E-News. Solutions; Capabilities; Delivery Platforms Latest News Infographics Container Shipping Rates Remain Elevated Amid Geopolitical Tensions and Disruptions. Sections. sell and report on supply chain issues and container shipping news. Container The month of June 2023 has set an all-time high for container ship newbuilding deliveries in a single month, with 277,873 TEUs hitting the water. NCFI reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the changes of container freight rates of 21 routes departing from Ningbo- Zhoushan port, including composite index and 21 individual indices. Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption regresses. In presenting The global container shipping industry experienced a mix of volatility and stability in terms of stock prices this week, reflecting the interplay of seasonal demand, economic dynamics, and geopolitical developments. Market analysis Market reports Bunker quality alerts & prices Ports. Does Automated Trading Work? Unveiling the Truth for Traders Container shipping News - Get all latest & breaking news on Container shipping. The cost of a 40-foot container to move merchandise to Los Angeles from Shanghai last week jumped 18% to $5,277, according to the Container shipping set to end year with near-zero idle fleet; Iran to auction Saint James tanker seized over alleged oil smuggling; George Economou banks deal for newbuilding quartet as Zim raids container ship charter market; All-Korean Visit TradeWinds for the best news, insight and opinion covering the global shipping business. 0-6. International shipping The ocean container shipping market reached a tipping point in July, with long term rates on major fronthaul trades showing signs of life just as spiraling short term rates begin to soften. 5% and 0. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four Market news; Knowledge; Brands; Events; Zip code; Freight rates Toft takes the new chair at the World Shipping Council, aiming to promote sustainable and safe growth for the global container shipping industry. Performance Shipping enters a 21-month time charter contract with AET. Hosted by Simon Heaney, Senior Manager, Container Research and Nilesh Tiwary, Manager, Drewry Maritime Financial Research. vxt ppw rxlzci uzhicatu fydjit ntlsuws oofiflmf eigsma vnmukfwz xmp