War and weather continue to limit intra-Asia capacity and keep rates high
The intra-Asia container freight market strengthened for a third consecutive week as unrest in the Middle East and typhoon-related disruption across China tightened capacity and pushed rates higher on most major trades. Drewry’s Intra-Asia Container Index (IACI), a benchmark widely monitored by procurement teams, rose 6% week on week on 20 August, to $1,091 per 40ft, and the consultant expects prices to continue increasing in the coming weeks, supported by persistent ... The post War and weather continue to limit intra-Asia capacity and keep rates high appeared first on The Loadstar .
The intra-Asia container freight market strengthened for a third consecutive week as unrest in the Middle East and typhoon-related disruption across China tightened capacity and pushed rates higher on most major trades. Drewry’s Intra-Asia Container Index (IACI), a benchmark widely monitored by procurement teams, rose 6% week on week on 20 August, to $1,091 per 40ft, and the consultant expects prices to continue increasing in the coming weeks, supported by persistent ... The post War and weather continue to limit intra-Asia capacity and keep rates high appeared first on The Loadstar .
Editorial Desk — Trade Flow Insight. Reporting and market notes compiled by the Trade Flow Insight editorial team.
Related coverage
TotalEnergies cuts final ties with Arctic LNG 2
French energy major TotalEnergies has transferred its stake in Novatek’s Arctic LNG 2 project to NordLine. The company confirmed it has completed the transfer of its 10% interest in the project to Novatek’s subsidiary, NordLine. After this transfer, TotalEnergies has no remaining stake in the Arctic LNG 2 project. Originally, Novatek owned a 60% stake,
Ningbo Marine maps out five-ship bulker expansion
Shanghai-listed Ningbo Marine is lining up another five bulk carrier newbuildings in China, expanding a fleet renewal programme that could see the owner add close to 600,000 dwt of fresh tonnage. The Zhejiang Energy-backed company has approved up to CNY980m ($136m) for four 65,000 dwt bulkers, while wholly owned Ningbo Marine Singapore has been cleared …
AD Ports the clear read-through as bottlenecks shift from ship to dock
Quick recap: the freight-rate spike that produced two very different report cards at Maersk and Hapag-Lloyd is increasingly a story about who controls terminal and inland capacity, not who owns the most vessels – and nobody is making that case more directly right now than AD Ports. ZIM’s next move, meanwhile, has less to do with freight rates than with a decision sitting with Israeli regulators. My previous analysis already worked ... The post AD Ports the clear read-through as bottlenecks shift from ship to dock appeared first on The Loadstar .