Linerlytica

Container port congestion eased slightly last week with improvements coming mainly from Chinese ports while there was little change in the situation in Europe and North America. In China, the congestion is mainly concentrated in Shanghai and Ningbo which continues to see elevated vessel calls and container volumes with waiting times of up to 2 days. European port congestion also remains high with Hamburg, Rotterdam, Antwerp and London Gateway experiencing very high yard occupancy rates that has caused berthing delays of up to 4 days. In Canada, Vancouver and Prince Rupert continues to experience severe delays after the recent work stoppages with delays of up to 6 days, while the East Coast port of Halifax is also experiencing delays due to vessel bunching amidst poor weather in the North Atlantic. Read: https://lnkd.in/gzkHuRfk Track Container Port Congestion Globally: https://lnkd.in/gkt9VTve #linerlytica #portcongestion #shipping #containershipping

Port congestion rebounded sharply over the past week with both Chinese and North European ports experiencing severe delays. The Yangtze River delta ports of Shanghai and Ningbo are experiencing a significant surge in the number of ships waiting at anchorages, with the situation in Shanghai being particularly bad due to high vessel traffic and weather related delays. North European main port congestion has also worsened with very high yard occupancy reported in Rotterdam, Antwerp, Hamburg and Southampton that has also resulted in increased berthing delays with some ships arriving at Rotterdam facing delays of up to 4 days. Congestion at Med ports are also worsening with Valencia, Barcelona, Algeciras and Piraeus reporting increased waiting times with high yard occupancy. The fall of the Assad regime in Syria will not have any material impact on the container market as the main Syrian ports of Lattakia and Tartous handle less than 300,000 teu annually with only MSC, CMA CGM and Arkas providing regular feeder services to these ports. Track port congestion globally: https://lnkd.in/gkt9VTve #linerlytica #syria #portcongestion

Track Container Liner services Returning to the Red Sea: #Linerlytica has launched a new map feature that allows users to track the live routing of liner vessels by service. If you want to find out which liner services have returned to the Red Sea, track them here: https://lnkd.in/guG_py2t #linerlytica #containershipping #shipping #RedSea #supplychain

Price discovery function of container freight futures: If you're about to enter annual contract discussions for shipments on the Asia-Europe route, you may want to consider the trading prices of the container freight index futures listed in Shanghai. Typically, shippers receive quotations from multiple liners, but these quotations are merely offers and do not guarantee acceptance by other shippers. The advantage of using price information from the futures market is that these prices represent settled prices between traders who are actively trying to determine future freight rates. Since its inception, container futures contracts in China have been traded at an average of $2 billion per day. While it's important to note that freight rates can be unpredictable, even with extensive analysis, the futures market provides valuable insights. Although futures traders anticipate a 45% rebound in spot Far East-North Europe freight rates by December, they also expect the rates for the route to decline by 60% and 67% year-on-year for June and August, respectively. Track the CoFIF (container freight index futures) trading in the #Linerlytica blogs: https://lnkd.in/g-vFUY7z #containershipping #FreightRates #Asia #CoFIF #EC #Europe #Shipping

The US East Coast port strike has just ended. As of October 1, the container vessel capacity waiting outside the US East Coast and Gulf region amounted to 346,185 TEU. This is one of the key factors contributing to the global container vessel capacity affected by port congestion, which now stands at 2.8 million TEU. No SCFI today (4 Oct) as China is on a week-long holiday, but based on the liners' online quotations, FE-WCNA was lower since last Friday with Maersk reduced its quotations from $4320/feu to $3955/feu. Read weekly update on global port congestion: https://lnkd.in/gPuzHTRG Track Global Port Congestion: https://lnkd.in/gkt9VTve #linerlytica #containershipping #USEC #PortStrike

Global port congestions surged with over 3m TEU capacity waiting to berth, highest outside of COVID period..... still no obvious pick up in capacity waiting outside of LA/Long Beach as US East Coast ports brace for worker strike ... read https://lnkd.in/gjAMb2XB Follow #linerlytica port congestion tracker: https://lnkd.in/gkt9VTve #shipping #bottleneck #us #labourstrike

Linerlytica Port Congestion Update: A coastwise strike at US East and Gulf Coast ports now looks certain to start on 1 October 2024. The 14 ports controlled by the ILA handled 28.4m teu of containerised cargo in 2023 or almost 550,000 teu each week. For each week that the strike continues, it would hold up 1.7% of the global containership fleet ... Read more: https://lnkd.in/g3jwVRvG Track congestions at container ports globally: https://lnkd.in/gkt9VTve #linerlytica #shipping #containershipping #portstrike #us #portcongestion #supplychain

Shanghai freight futures predict further rate declines. Container freight rates are poised to fall by over 70% by June next year, based on the latest CoFIF EC contracts traded on the Shanghai International Energy Exchange (INE). Although the drop is not as severe as the freight rate collapse seen at the end of 2022, current freight futures prices anticipate continuous declines over the coming 12 months... Read: https://lnkd.in/g3ayBMYG Daily updates of container freight futures: Matt Huang, CFA #linerlytica #freightfutures #CoFIF #shipping #maritime

Newbuilding Orders Passed 2mn TEU YTD. The newbuilding market remains red hot with PIL the latest carrier to jump in with a new order for 5 LNG dual fuel units of 13,000 teu at Hudong Zhonghua announced on 19 August 2024. The ships are aimed at the Latin America trade with deliveries starting from late 2026. Wan Hai also confirmed LOIs for 16 new methanol dual fuel units of 8,000-8,700 teu at CSBC and Hyundai Samho. Tracking container shipping newbuildings: https://lnkd.in/dgeH2FbG #linerlytica #maritime #containershipping #shipping #newbuilding

Your transporter can't quote you a freight rate but your customer wants to place you an CIF order 2-3 months out?