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Showing research about Theme - Rates

20190401-rates-total-comps-150x150

Shipping’s Tough First Quarter Sees Rates Down, Costs Up

The shipping industry had a terrible first quarter with container shipping rates having fallen by 24.0% year-to-date according to S&P Global Platts figures. Shipping from China to the U.S. west coast did poorly due to the previous end of inventory building ahead of – now delayed – tariffs... Read more →

20190314-bunker-fuel-fuel

BP’s New Fuels Carry Significant Costs for Shipping Lines

Oil refiner BP has launched its range of IMO-compliant shipping fuels ahead of the implementation of new sulfur emission regulations in 2020. Shipping lines face a significant increase in costs in 2020 given the new fuels cost $188 per ton, or 45.2%, more than high sulfur fuels according to S&... Read more →

20190305-rates-rates

Stormy February Leaves Container Profitability At November Lows

Container shipping rates closed February with a 4.6% decline compared to the end of January for routes out of China. That’s not unusual for the post Lunar New Year holiday period and was mostly driven by a 5.6% drop in rates to Europe. However at the same time shipping rates have fallen there’... Read more →

20190301-msc-bunker-bunker-fuel

Australian Exporters Pay The Price for Lack of Carrier Diversity

Container-line MSC has updated its bunker fuel surcharges for Australia/New Zealand to U.S. routes after a 24.1% surge in fuel prices year-to-date. The increase may also be driven by a tightening of capacity given U.S. seaborne imports from Australia and New Zealand surged 28.1% year over year... Read more →

20190128-ooil-rates

Orient Overseas Goes For Volume Over Rates as China Drop Looms

Orient Overseas, the container-line controlled by Cosco Shipping Holdings, reported 4Q revenues which climbed 13.5% year over year. While its average-achieved shipping rates on Trans-Pacific routes climbed 18.8% that lagged a 32.2% surge seen in market rates. Similarly for Asia-Europe Orient O... Read more →

20190115-containers-quarter-global-volumes

No Room For Shipping Complacency Even if 4Q Marked Recovery

The global container shipping companies may have earned a respite from declining profitability in 4Q 2018. Global container volume growth was robust with China’s mainland ports handling up 3.3% year over year while U.S. port handling rose 6.2%. Average container shipping rates out of China cli... Read more →

2019-outlook-logistics-liner-forwarder-margins

2019 Outlook – Logistics: Getting Back To Basics

The global logistics industry had a challenging 2018 due to rising fuel costs and overcapacity. The coming year won’t be any easier. Attempts to rebuild profitability, which fell by 2.4% points at the EBITDA line for the container-lines and 0.6% points for the freight forwarders, may include s... Read more →

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