Rates update, week 51: GRIs boost prices, with more to come in January
Container spot rates on the transpacific trades shot up this week, on the back of ...
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
Freight rate increases seen on the major east-west trades in recent weeks have largely been attributed to the increased cost of fuel following the introduction of the IMO’s new low-sulphur emission regulations. However, this LinkedIn post from liner analyst Lars Jensen argues that the higher rates are more likely to be the result of a pre-Chinese New Year mini-peak. He notes that when fuel prices were last at the same level as low-sulphur fuel oil is today, which was in 2013-2014, freight rates were some $300-600 per teu higher on Asia-Europe and $600-900 per feu on the transpacific. “It is a stark contrast to the last time we saw fuel prices at these levels and does provide another indication that the carriers appear not to be successful in getting through the bunker-induced increases they were looking for yet,” he says.
Comment on this article