Gemini drops Felixstowe for London Gateway on Asia-Europe strings
With just 10 weeks to go until the Gemini Cooperation formally begins sailings – and ...
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
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.
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