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Finding a new normal for volumes and fuel – S&P Global Platts Container Update, March 2020

Corp - Shipping 836 Energy - Bunker Fuel 83 Global 1204 Mode - Containerized 1300 Mode - Seaborne 1627 Theme - Rates 189

Container shipping rates for Asia to North America routes have stabilized and actually improved somewhat in the past month with North Asia to west coast North America rates having risen by 8.8% to $2,775 / FEU during March. That’s in part as a result of widespread cancellations of sailings by the big liners. Yet, the drop in demand especially in the retailing sector is raising concerns about whether further capacity needs to be withdrawn. Tumbling oil prices have led to bunker fuel rates slumping 41.5% in late March from late January, partly offsetting the demand-linked profitability pre...

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