Monday, 05/09/2022, 21:55 (GMT +7)
1244
Container ship charter market 'cools down'
Container ship
In addition to the CEOs of global shipping lines increasingly asserting that the shipping market is cooling down, the container charter market also has a notable setback.
The Clarksons study noted in its most recent weekly report that sentiment is becoming "more negative".
The Clarksons container ship charter rate index closed last week at 347, down 20% from its April 2022 high, though still more than three times higher than its early 2021 levels.
The New Contex charter index in Hamburg fell 3.2% last week, falling below 3,000 points for the first time since January with 1,100 and 1,700 TEU vessels suffering the most.
“During the past two years, the so-called ‘Last Done Level’ was the yardstick for any owner to look at and in most cases even improve to cement a new and higher benchmark,” analysts working for the German index wrote in a report released last Friday.
The Shanghai Spot Containerized Freight Index (SCFI) stood at 2,848 as of September 2, down 10% from the previous week and now down 44% from its peak in early 2022, despite although still three times higher than the 2019 average, prices on the Shanghai-US West Coast route fell more than 20% from last week to $3,959/FEU.
A new report by HSBC predicts spot rates could fall by an average of 58% more in 2023 and 37% in 2024 before bottoming out.
Revealing record quarterly results on Friday, Rodolphe Saadé, Chairman and CEO of CMA CGM, became the latest senior executive to highlight the fortunes in the container business.
“The global decline in consumer spending, which was already perceptible this summer, will lead to more normal international trade conditions in the second half as well as to a downturn in shipping demand,” said Saadé.
Read more:
- Container freight rates continue to drop sharply on main routes
- Container freight rates from Asia to the US continue to set a new decrease
Source: Phaata.com (According to Splash247)
Phaata - Vietnam's First Global Logistics Marketplace
► Find Better Freight Rates & Logistics Services
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
.webp)
.webp)
.webp)
HOT PROMO
See more
135
Other
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
511
FCL
50 Days
Freight cost
NP LOGISTICS CO.,LTD
975
FCL
35 Days
Freight cost
CÔNG TY TNHH CARDINAL GLOBAL LOGISTICS (VIETNAM)
Premium
1305
Other
TRUNG PHÁT LOGISTICS - TPL
1656
FCL
3 Days
Freight cost
Interchains JSC
Why do thousands of businesses trust Phaata?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find a price quickly/Send a RFQ
Compare multiple options
Contact for Further Consultation
Negotiating prices/services
Management & rating
Freight rates
Sea freight
- FCL
See more
137
44
Days Direct
- ₫97,913,100 / 20'GP
- ₫103,205,700 / 40'GP
- ₫103,205,700 / 40'HQ
ALLIANCE INTERNATIONAL LOGISTICS CO., LTD
Premium
206
26
Days Direct
- ₫139,724,640 / 20'GP
- ₫174,126,540 / 40'GP
- ₫174,126,540 / 40'HQ
CÔNG TY TNHH TIẾP VẬN TOÀN CẦU KM
183
8
Days Direct
- ₫11,908,350 / 20'RF
- ₫13,231,500 / 40'RF
- ₫13,231,500 / 40'RQ
CÔNG TY TNHH TIẾP VẬN TỐC ĐỘ
194
40
Days Transit
- Refund ₫1,307,950 / 40'GP
CÔNG TY TNHH VẬN TẢI VÀ TIẾP VẬN TOÀN CẦU
74
Sea freight
- LCL
See more
682
35
Days Transit
- ₫342,082 /cbm
CÔNG TY TNHH LIÊN KẾT HOÀN HẢO (PERFECTLINK CO.,LTD)
1,514
7
Days Direct
- Refund ₫261,590 /cbm
CÔNG TY TNHH VẬN TẢI VÀ TIẾP VẬN TOÀN CẦU
4,180
5,093
5
Days Direct
- ₫26,463 /cbm
CÔNG TY TNHH T&M FORWARDING - CHI NHÁNH HÀ NỘI
5,785
3
Days Direct
- Refund ₫926,205 /cbm
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
Air freight
- General cargo
See more
6,558
1
Days Direct
- 46,310 ₫/kg
N.B.L INTERNATIONAL TRANSPORT CO., LTD
8,484
1
Days Direct
- 161,424 ₫/kg
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
10,904
10
Days Transit
- 264,630 ₫/kg
Phoenix Logistics Vietnam - chi nhánh TP. Hồ Chí Minh (Phoenix International Forwarding Vietnam )
12,372
1
Days Direct
- 185,241 ₫/kg
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
10,188
Rail freight
- FCL
See more
7,877
5
Days Direct
- ₫44,987,100 / 40'HQ
- ₫44,987,100 / 45'HQ
CÔNG TY TNHH PHƯỚC TÁ
10,805
3
Days Direct
- ₫15,083,910 / 40'HQ
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
20,590
7
Days Direct
- ₫48,956,550 / 20'GP
Công ty TNHH T&M Forwarding
19,120
5
Days Direct
- ₫7,145,010 / 20'GP
ASIAN EXPRESS LINE VIETNAM ( AEL VIET NAM )
11,034
10
Days Direct
- ₫9,262,050 / 20'GP
CÔNG TY CỔ PHẦN LOGISTICS QUỐC TẾ V&T
Road freight
- FCL
See more
882
4
Day
- ₫5,000,000 / 40'GP
CÔNG TY CỔ PHẦN IGAP
11,933
1
Day
- ₫28,000,000 / 20'GP
- ₫28,000,000 / 40'GP
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ VÀ KHO VẬN VIETTEL POST - TTC
112,712
2
Day
- ₫6,500,000 / 40'RF
- ₫6,500,000 / 40'RQ
- ₫6,500,000 / 45'RQ
CÔNG TY CP PROSHIP
Premium
180,972
1
Day
- ₫18,997,200 / 20'GP
- ₫18,997,200 / 40'GP
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI CON ONG
267,900
3
Day
- ₫32,000,000 / 20'GP
- ₫64,000,000 / 40'GP
- ₫64,000,000 / 40'HQ
- ₫64,000,000 / 45'HQ
Công ty Cổ phần phát triển thương mại Thuận Đạt Việt Nam
