Peak Season Disappointments and Confusion – S&P Global Platts Container Update, August 2019 — Panjiva
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Peak Season Disappointments and Confusion – S&P Global Platts Container Update, August 2019

Corp - Shipping 670 Energy - Bunker Fuel 69 Global 865 Mode - Containerized 1086 Mode - Seaborne 1379 Theme - Rates 152

A great deal of uncertainty is hanging over the container market, with U.S.-China trade tensions, Brexit and the IMO’s 2020 global fuel regulations leaving market participants unsure where the future lies. Container rates globally were largely unchanged during the month of August, but the trade war was likely the reason for a 24.2% drop in rates on Asia-U.S. rates by Aug. 28 versus Aug. 1. To cite one market participant “the competition to keep the vessels full got quite intense”. The combination of Golden Week in China from Oct. 1 to Oct. 7, combined with a potential no-deal Brexit from...

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