Spot rates ex-Asia still falling, despite USEC congestion, with more blanks
Container spot freight rates on the main trades out of Asia continued to fall this ...
WTC: BACK UPDHL: SUPPLY CHAIN LEADS BUT FORWARDING LAGSDSV: BOND PACKAGECAT: INVENTORY RANGECAT: CHINA STIMULUS VIEWCAT: SLUGGISH CYCLE HITSCHRW: STRONG INTERIMSDHL: GUIDANCE UPDATEXPO: EARNINGS BEAT VALUE ALIGNMENTXPO: MORE ON ELASTICITY OF DEMAND VS PRICEXPO: DIVESTMENT ON THE RADARXPO: YELLOW TAILWINDXPO: OUTLOOKXPO: CONF CALLDSV: STRONG TRACTIONCHRW: CHICKENS COME HOME TO ROOSTMAERSK: AHEAD OF NUMBERSXPO: STRONG RELEASE XPO: RALLY MODE ON
WTC: BACK UPDHL: SUPPLY CHAIN LEADS BUT FORWARDING LAGSDSV: BOND PACKAGECAT: INVENTORY RANGECAT: CHINA STIMULUS VIEWCAT: SLUGGISH CYCLE HITSCHRW: STRONG INTERIMSDHL: GUIDANCE UPDATEXPO: EARNINGS BEAT VALUE ALIGNMENTXPO: MORE ON ELASTICITY OF DEMAND VS PRICEXPO: DIVESTMENT ON THE RADARXPO: YELLOW TAILWINDXPO: OUTLOOKXPO: CONF CALLDSV: STRONG TRACTIONCHRW: CHICKENS COME HOME TO ROOSTMAERSK: AHEAD OF NUMBERSXPO: STRONG RELEASE XPO: RALLY MODE ON
An interesting piece on LinkedIn from the JOC’s Greg Knowler. He points out that the 130,000 teu-worth of blanked sailings over July and August is causing something of a headache for shippers. They would like three to four months’ notice, and without that they will likely look for other, more reliable alternatives, such as China-Europe rail services. And carrier choice – which used to be a way to avoid the disruption – no longer exists with just the three alliances left. Worth a read – particularly as it’s JOC quality, albeit short, for free.
Comment on this article
Rajeev S Babu
July 18, 2019 at 6:30 amNot unexpected considering weakening factory output in China.
Even Cosco had to cut its container capacity across the Pacific by 10% last August.