DREWRY's latest Hong Kong-Los Angeles container transpacific rate has fallen to US$1,961 per FEU for the week ending November 22, reported London's Containerisation International.
Rates fell 5.7 per cent from $2,079 set the previous week, the first time it dropped below US$2,000 since April 26. The spot rate hit its high point of $2,800 in August. While it has fallen with the softening slack season demand, the rate is still 57 per cent better than last November's same-week figure.
The Transpacific Stabilisation Agreement (TSA) recently suggested increasing rates in May by $400 per FEU for cargo to US west coast and $600 per FEU elsewhere.
But it forecast cargo growth from Asia to the US in 2011 will stay at the six to nine per cent range.
The Shanghai Shipping Exchange (SSE) said "supply and demand" would still be the focal point in the Far East-US trade for the first half of 2011.
Much more space to be available as many newbuildings and previously redeployed capacity would be added, leading to an ease of the pressure of capacity but causing a drop in rates, said SSE's section chief of information freight index department Ms Zhou Xiang.
"The depreciation of the US dollar and the increase of inventory goods in this nation's market will not be so optimistic," she added.
viernes, 26 de noviembre de 2010
Weekly Report of China Export Container Transport Market
(CCFI Commentary in Issue 46, 2010)
This week, the China export containerized transport market continued going downhill, which revealed even obvious in Europe and America service, making the freight rate keep dropping. On November 19th, the China (Export) Containerized Freight Index issued by the Shanghai Shipping Exchange reported 1097.33 points, decline 0.9% from last week; while the Shanghai (Export) Containerized Freight Index saw 1189.71 points, with a week-on-week decrease of 2.5%.
In Europe service the cargo volume was still slumping, but part of the voyages saw mild bounce. Slot utilization for most of the voyages on the service were bolstered to 85% ~ 90%, where some even witnessed above 90%, while some of the Chinese manufacturers speeded up the delivery in order to consigned the shipments to the places of acceptance in Europe on the schedule of the last week before the Christmas. But, in general, the Europe service was still losing its equilibrium as the freight rate fell further. On November 19th, the freight index for the Europe and Mediterranean services issued by SSE reported 1565.48 points and 1626.57 points, respectively tumbled 0.9% and 1.0% from last week.
Pundits believe the cargo volume in November, the slack season conventionally, tends to shrink gradually and the entire markets will preserve the downward momentum in a short-term. But with the end-of-the-year shipment rush period is approaching, the rate for the voyages with fast-steaming is very likely to stabilize, while the voyages with slow-steaming is expected to face a promoted down turn.
In North America service, the cargo volume kept descending with no sign of rally, the slot utilization in US west coast service slipped to about 80% whereas in US east coast the figure hovered from 70% ~ 75%. The weak cargo volume strengthened the glut of the capacity, seriously pulling down the freight rate. On November 19th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to base ports in US west coast and US east coast fixed at USD 2048/FEU and USD 3262/FEU, respectively down 3.0% and 3.3% from last week.
Recently, the growth of American economy slows down, capacity utilization remains low, residents raise their savings, and consumer confidence saw stagnated, all of the facts above may inflict on the transport demand on the North America service. Besides, here comes the conventional slack season and most consignees have had their stockpile restored, the balance of the supply-and-demand relation will be disrupted even tougher if capacity left surplus. It is understood that some carriers are prepared cutting the capacity in December to curb the downward freight rate.
In Australia and Singapore service, still, thanks to the Christmas shipment the capacity demand showed prosperous, where the slot utilization for most of the voyages reported no less than 95%, in addition, laden vessels were perceived increasingly often. The freight rate remained high due to the steady market. On November 19th, the freight index for the Australia and Singapore service issued by SSE reported 1040.85 points, almost no change with last week.
In Southeast Asia service, infected by the overabundant capacity in Europe and Mediterranean service, the recent slot supply showed increasingly abundant, with the demand kept sliding, so freight rate inclined to decrease week-by-week. On November 19th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to base ports in Southeast Asia service quoted USD 213/TEU, down USD 34/TEU from last week.
This week, the China export containerized transport market continued going downhill, which revealed even obvious in Europe and America service, making the freight rate keep dropping. On November 19th, the China (Export) Containerized Freight Index issued by the Shanghai Shipping Exchange reported 1097.33 points, decline 0.9% from last week; while the Shanghai (Export) Containerized Freight Index saw 1189.71 points, with a week-on-week decrease of 2.5%.
In Europe service the cargo volume was still slumping, but part of the voyages saw mild bounce. Slot utilization for most of the voyages on the service were bolstered to 85% ~ 90%, where some even witnessed above 90%, while some of the Chinese manufacturers speeded up the delivery in order to consigned the shipments to the places of acceptance in Europe on the schedule of the last week before the Christmas. But, in general, the Europe service was still losing its equilibrium as the freight rate fell further. On November 19th, the freight index for the Europe and Mediterranean services issued by SSE reported 1565.48 points and 1626.57 points, respectively tumbled 0.9% and 1.0% from last week.
Pundits believe the cargo volume in November, the slack season conventionally, tends to shrink gradually and the entire markets will preserve the downward momentum in a short-term. But with the end-of-the-year shipment rush period is approaching, the rate for the voyages with fast-steaming is very likely to stabilize, while the voyages with slow-steaming is expected to face a promoted down turn.
In North America service, the cargo volume kept descending with no sign of rally, the slot utilization in US west coast service slipped to about 80% whereas in US east coast the figure hovered from 70% ~ 75%. The weak cargo volume strengthened the glut of the capacity, seriously pulling down the freight rate. On November 19th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to base ports in US west coast and US east coast fixed at USD 2048/FEU and USD 3262/FEU, respectively down 3.0% and 3.3% from last week.
Recently, the growth of American economy slows down, capacity utilization remains low, residents raise their savings, and consumer confidence saw stagnated, all of the facts above may inflict on the transport demand on the North America service. Besides, here comes the conventional slack season and most consignees have had their stockpile restored, the balance of the supply-and-demand relation will be disrupted even tougher if capacity left surplus. It is understood that some carriers are prepared cutting the capacity in December to curb the downward freight rate.
In Australia and Singapore service, still, thanks to the Christmas shipment the capacity demand showed prosperous, where the slot utilization for most of the voyages reported no less than 95%, in addition, laden vessels were perceived increasingly often. The freight rate remained high due to the steady market. On November 19th, the freight index for the Australia and Singapore service issued by SSE reported 1040.85 points, almost no change with last week.
In Southeast Asia service, infected by the overabundant capacity in Europe and Mediterranean service, the recent slot supply showed increasingly abundant, with the demand kept sliding, so freight rate inclined to decrease week-by-week. On November 19th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to base ports in Southeast Asia service quoted USD 213/TEU, down USD 34/TEU from last week.
viernes, 19 de noviembre de 2010
Weekly Report of China Export Container Transport Market
(CCFI Commentary in Issue 44, 2010)
This week, the China’s export containerized transport market showed slightly sluggish, as freight rates in most services kept falling, especially in North America. On November 5th, the China (Export) Containerized Freight Index issued by Shanghai Shipping Exchange reported 1118.70 points; while the Shanghai (Export) Containerized Freight Index was 1242.87 points, both of which reduced 1.3% from last week.
There was a slightly descend of the cargo volume in Europe service this week, yet still the slot utilization was witnessed above 90% and some of the voyages reported laden. The rate continued the downward momentum, with a drop range at about USD 25/TEU ~ USD 50/TEU due to the overwhelming capacity. In Mediterranean service the rate was understood even lower, for the rates in some of the voyages were cut to USD 1300/TEU, and the general freight rate remained at USD 1400/TEU ~ USD 1500/TEU. On November 5th, the freight indices of Europe and Mediterranean services issued by Shanghai Shipping Exchange reported 1609.40 points and 1678.65 points, respectively slip 0.8% and 0.5% from last week. Some of the carriers indicated that they were prepare to laid part of the vessels on the Europe and Mediterranean service to stabilized the freight rate if it keeps slipping because of the surplus capacity.
In North America service the cargo volume carried on the contraction trend, and the capacity increasingly exceeded the demand. Consequently the decline in the freight rate intended to enlarge, where on US west coast this week the rate averaged at USD 2100/FEU ~ USD 2200/FEU, while in US east coast service the figure showed USD 3400/FEU ~ USD 3500/FEU. On November 5th, the freight rates (ocean freight plus surcharges) for the voyages from Shanghai to base ports in US west coast and US east coast quoted USD 2159/FEU and USD 3459/FEU, respectively down 2.0% and 2.8%. According to experts, quite substantially had the rate shifted on the America service. Both the plummet of the USDX and the new currency quantitative easing policy announced by the US Federal Reserve will to some extend curb the growth of US general imports, and consequently inflict the freight rate on America service.
In Australia and Singapore service, both the cargo volume and the freight rate remained strong because of the Christmas shipments, where generally the rate for the service averaged at about USD 1100/TEU, up by about USD 50/TEU from last week. On November 5th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to base ports in Australia and Singapore service was seen USD 1099/USD, up 4.5% from last week. Pundits believe the Christmas shipments will end in early December, and some of the carriers are poised to cut the capacity by then to maintain the current rate level.
On Japan service, the average slot utilization, just as last week, was seen above 80%, while the freight rate remained steady. On November 5th, the freight index of the Japan service issued by Shanghai Shipping Exchange showed 760.10 points, basically equaling to last week.
In Southeast Asia service this week the cargo volume slightly slid down and the freight rate kept the downward trajectory. The freight rate (without surcharges) for the voyages from Shanghai to base ports in Singapore, marginally went down from last week, dropping to USD 110/TEU ~ USD 150/TEU. On November 5th, the freight index of the Southeast Asia service issued by Shanghai Shipping Exchange reported 924.33 points, down 1.4% from last week.
This week, the China’s export containerized transport market showed slightly sluggish, as freight rates in most services kept falling, especially in North America. On November 5th, the China (Export) Containerized Freight Index issued by Shanghai Shipping Exchange reported 1118.70 points; while the Shanghai (Export) Containerized Freight Index was 1242.87 points, both of which reduced 1.3% from last week.
There was a slightly descend of the cargo volume in Europe service this week, yet still the slot utilization was witnessed above 90% and some of the voyages reported laden. The rate continued the downward momentum, with a drop range at about USD 25/TEU ~ USD 50/TEU due to the overwhelming capacity. In Mediterranean service the rate was understood even lower, for the rates in some of the voyages were cut to USD 1300/TEU, and the general freight rate remained at USD 1400/TEU ~ USD 1500/TEU. On November 5th, the freight indices of Europe and Mediterranean services issued by Shanghai Shipping Exchange reported 1609.40 points and 1678.65 points, respectively slip 0.8% and 0.5% from last week. Some of the carriers indicated that they were prepare to laid part of the vessels on the Europe and Mediterranean service to stabilized the freight rate if it keeps slipping because of the surplus capacity.
In North America service the cargo volume carried on the contraction trend, and the capacity increasingly exceeded the demand. Consequently the decline in the freight rate intended to enlarge, where on US west coast this week the rate averaged at USD 2100/FEU ~ USD 2200/FEU, while in US east coast service the figure showed USD 3400/FEU ~ USD 3500/FEU. On November 5th, the freight rates (ocean freight plus surcharges) for the voyages from Shanghai to base ports in US west coast and US east coast quoted USD 2159/FEU and USD 3459/FEU, respectively down 2.0% and 2.8%. According to experts, quite substantially had the rate shifted on the America service. Both the plummet of the USDX and the new currency quantitative easing policy announced by the US Federal Reserve will to some extend curb the growth of US general imports, and consequently inflict the freight rate on America service.
In Australia and Singapore service, both the cargo volume and the freight rate remained strong because of the Christmas shipments, where generally the rate for the service averaged at about USD 1100/TEU, up by about USD 50/TEU from last week. On November 5th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to base ports in Australia and Singapore service was seen USD 1099/USD, up 4.5% from last week. Pundits believe the Christmas shipments will end in early December, and some of the carriers are poised to cut the capacity by then to maintain the current rate level.
On Japan service, the average slot utilization, just as last week, was seen above 80%, while the freight rate remained steady. On November 5th, the freight index of the Japan service issued by Shanghai Shipping Exchange showed 760.10 points, basically equaling to last week.
In Southeast Asia service this week the cargo volume slightly slid down and the freight rate kept the downward trajectory. The freight rate (without surcharges) for the voyages from Shanghai to base ports in Singapore, marginally went down from last week, dropping to USD 110/TEU ~ USD 150/TEU. On November 5th, the freight index of the Southeast Asia service issued by Shanghai Shipping Exchange reported 924.33 points, down 1.4% from last week.
martes, 16 de noviembre de 2010
Dear valued Customer
On 29 April last year the European community has enforced a new stronger security regulation for air cargo.
Most European countries have already adjusted their operations to the new regulations, and ENAC Italian civil aviation authority) is now enforcing the same conditions in the Italian market with immediate effect.
All air cargo (100 pct - every single carton/case) MUST be x rayed before being allowed on board. Without any exceptions.
The x-ray cost are 3 EUR per package.
As you can easily understand Vector has to comply with such new regulation and pass on the cost to customer.
In case of FOB shipment - the x-ray fee of 3 EUR per package will be charged to the shipper.
In case of FCA/ex works shipment, the x-ray fee of 3 EUR per package will be charged to the consignee, and will be shown on “due agent” column under “X-ray charge”.
Even if Enac is starting this new procedure immediately, we have decided to start charging from December 1st 2010 to allow you to inform all clients accordingly.
If you need any further clarification please do not hesitate to ask
CHILE CARGO
On 29 April last year the European community has enforced a new stronger security regulation for air cargo.
Most European countries have already adjusted their operations to the new regulations, and ENAC Italian civil aviation authority) is now enforcing the same conditions in the Italian market with immediate effect.
All air cargo (100 pct - every single carton/case) MUST be x rayed before being allowed on board. Without any exceptions.
The x-ray cost are 3 EUR per package.
As you can easily understand Vector has to comply with such new regulation and pass on the cost to customer.
In case of FOB shipment - the x-ray fee of 3 EUR per package will be charged to the shipper.
In case of FCA/ex works shipment, the x-ray fee of 3 EUR per package will be charged to the consignee, and will be shown on “due agent” column under “X-ray charge”.
Even if Enac is starting this new procedure immediately, we have decided to start charging from December 1st 2010 to allow you to inform all clients accordingly.
If you need any further clarification please do not hesitate to ask
CHILE CARGO
viernes, 5 de noviembre de 2010
Weekly Report of China Export Container Transport Market
(CCFI Commentary in Issue 43, 2010)
This week, the China's export containerized transport market carried on the previous downward momentum, as cargo volume and freight rate kept shrinking on main services. On October 29th, the China (Export) Containerized Freight Index issued by Shanghai Shipping Exchange reported 1133.96 points, basically no change with last week; while the Shanghai (Export) Containerized Freight Index reported 1259.11 points, down 1.4% from last week.
The demand in Europe service didn't show any signs of recovery this week, and the capacity available on the market was still seen overabundance. Besides, freight rate appeared to slip slightly, which quoted USD 1500/TEU ~ USD 1550/TEU on the Europe service; while the figure on Mediterranean service hovered around USD 1500/TEU. Yet still, carriers didn't seem to lower the price despite the excessive capacity, while some of them were poised to cut the capacity in order to regain the market equilibrium. On October 29th, the freight indices of Europe and Mediterranean services issued by Shanghai Shipping Exchange showed 1622.88 points and 1687.22 points, respectively down 0.4% and 0.9%.
It seems North America was also impacted by the similar predicament in Europe and Mediterranean, as the capacity remains surplus. The freight rate was seen weak, which dropped by USD 100/FEU ~ USD 300/FEU from last week. In addition, the fourth quarter has always been a slack season for the box shipping industry, so the freight rate was expected to keep the slump trend. On October 29th, the freight rates (ocean freight plus surcharges) for the voyages from Shanghai to the base ports in US west coast and US east coast quoted USD 2202/FEU and USD 3557/FEU, respectively down 4.4% and 4.0% from last week.
In Australia and Singapore service, owing to the Christmas shipment, the cargo volume remained high and some of the voyages were witnessed no slot available. Besides, freight rate continued climbing up as the figure is nailing around USD 1000/TEU. But the rate will probably go down in late November when the cargo volume starts decreasing attributing to the finish of the Christmas shipments. On October 29th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to the base ports in Australia and Singapore services reported USD 1052/TEU, ascended 6.2% from last week.
In Southeast Asia service the cargo volume marginally declined, but freight rate in some of the routes on the service plummeted crucially, as the voyages from Shanghai to Singapore the rate (without surcharges) had broken the expectation and nose dived to USD 100/TEU. On October 29th, the freight index of the Southeast Asia service issued by Shanghai Shipping Exchange was 937.75 points, slipping 6.5% from last week.
In Japan service, the cargo volume exported from Shanghai to Japan service aggregated 240 thousand TEU, where the slot utilization reported 84%, slightly decreased from last week. Besides, the freight rate maintained firm. On October 29th, the freight rates (ocean freight plus surcharges) for the voyages from Shanghai to base ports in Kanto and Kansai quoted USD 308/TEU, generally equaling to last week.
It is understood that the turn volume of the Guangzhou Chinese export commodities fair that pulled the curtain on October 27th totaled 8.62 million USD, just rose by 1.9% from last year's, which the growth down 0.2% from last year. In fact, the turn volume didn't increase so much as the figure indicates if the cost inflation and the appreciation of RMB had been taken into consideration. Obviously, the fair didn't rally to the level before the financial crisis and the prospects of the China's containerized shipping market remain unclear.
This week, the China's export containerized transport market carried on the previous downward momentum, as cargo volume and freight rate kept shrinking on main services. On October 29th, the China (Export) Containerized Freight Index issued by Shanghai Shipping Exchange reported 1133.96 points, basically no change with last week; while the Shanghai (Export) Containerized Freight Index reported 1259.11 points, down 1.4% from last week.
The demand in Europe service didn't show any signs of recovery this week, and the capacity available on the market was still seen overabundance. Besides, freight rate appeared to slip slightly, which quoted USD 1500/TEU ~ USD 1550/TEU on the Europe service; while the figure on Mediterranean service hovered around USD 1500/TEU. Yet still, carriers didn't seem to lower the price despite the excessive capacity, while some of them were poised to cut the capacity in order to regain the market equilibrium. On October 29th, the freight indices of Europe and Mediterranean services issued by Shanghai Shipping Exchange showed 1622.88 points and 1687.22 points, respectively down 0.4% and 0.9%.
It seems North America was also impacted by the similar predicament in Europe and Mediterranean, as the capacity remains surplus. The freight rate was seen weak, which dropped by USD 100/FEU ~ USD 300/FEU from last week. In addition, the fourth quarter has always been a slack season for the box shipping industry, so the freight rate was expected to keep the slump trend. On October 29th, the freight rates (ocean freight plus surcharges) for the voyages from Shanghai to the base ports in US west coast and US east coast quoted USD 2202/FEU and USD 3557/FEU, respectively down 4.4% and 4.0% from last week.
In Australia and Singapore service, owing to the Christmas shipment, the cargo volume remained high and some of the voyages were witnessed no slot available. Besides, freight rate continued climbing up as the figure is nailing around USD 1000/TEU. But the rate will probably go down in late November when the cargo volume starts decreasing attributing to the finish of the Christmas shipments. On October 29th, the freight rate (ocean freight plus surcharges) for the voyages from Shanghai to the base ports in Australia and Singapore services reported USD 1052/TEU, ascended 6.2% from last week.
In Southeast Asia service the cargo volume marginally declined, but freight rate in some of the routes on the service plummeted crucially, as the voyages from Shanghai to Singapore the rate (without surcharges) had broken the expectation and nose dived to USD 100/TEU. On October 29th, the freight index of the Southeast Asia service issued by Shanghai Shipping Exchange was 937.75 points, slipping 6.5% from last week.
In Japan service, the cargo volume exported from Shanghai to Japan service aggregated 240 thousand TEU, where the slot utilization reported 84%, slightly decreased from last week. Besides, the freight rate maintained firm. On October 29th, the freight rates (ocean freight plus surcharges) for the voyages from Shanghai to base ports in Kanto and Kansai quoted USD 308/TEU, generally equaling to last week.
It is understood that the turn volume of the Guangzhou Chinese export commodities fair that pulled the curtain on October 27th totaled 8.62 million USD, just rose by 1.9% from last year's, which the growth down 0.2% from last year. In fact, the turn volume didn't increase so much as the figure indicates if the cost inflation and the appreciation of RMB had been taken into consideration. Obviously, the fair didn't rally to the level before the financial crisis and the prospects of the China's containerized shipping market remain unclear.
jueves, 4 de noviembre de 2010
CSAV projection 4th quarter
Said CSAV: "It is possible to expect that the [quarterly] volume will not grow at the same pace of the previous one, or may even show some decrease compared to recent months. This will likely result in lower prices and reduced margins for the fourth quarter when compared to the previous quarter."
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