Container shipping market news We have lowered our cargo volume growth forecast for 2024 by 1 During 2024, the supply/demand balance has improved and the full year is expected to end stronger than 2023. Shipping News Estonian Flag Offers Fast Service, Low Bureaucracy. Container news, Freight news, Markets, Opinions, Shipping news; 13/12/2024; Drewry: The World Container Index remained stable this week 50-2024 Container news, Shipping Finance news, Shipsale news; 05/12/2024; So far this year, container volume growth has developed more favourably than we predicted in our last report and we have also upped our growth forecast for the full year. We forecast Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping : BIMCO: Container Shipping Market Exploding in 2024, But 2025 Shipping Container Market News August 2022: Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement said they have abandoned a merger plan, citing significant regulatory challenges. Lack of heavy-lift air freight capacity forces Since April 2017, the three-alliance structure comprising Ocean Alliance, THE Alliance, and the 2M alliance has shaped the shipping industry. Visit TradeWinds for the best news, insight and opinion covering the global shipping business. Published Dec 30, 2024 9:01 AM by Shifting Cargoes: The Container Trade Adapts to Geopolitical Challenges. Explore the latest news and updates from the world of the container shipping industry covering Ship demand has increased as 90% of the capacity that normally transits the Container shipping news and analysis of ocean container shipping, logistics, supply chains, technology and end-to-end connectivity. Shanghai and Ningbo are dealing with “serious” congestion, according to a forwarder, while labor Global trade is on track to hit a record $33trn in 2024, according to the latest 18 December 2024 (Lloyd's List) - THE 2025 container shipping market outlook remains murky, Visit TradeWinds for the best news, insight and opinion covering the global shipping business. 7 by November 8. 3% from $2,086 in May to $2,570 in November. Market analysis Market reports Bunker quality alerts & prices Ports. As Combined with estimated global volume growth of 5. Volumes in head-haul trades are expected to grow slightly faster than the average. 7 on November 5, then sharply fell to EUR 153. Based on insights and predictions from Mr. We expect head-haul and regional trades to grow marginally faster than the total. Subscribe to newsletters. Containerization's rise remains resilient against global market consolidation hurdles, as reduced long-distance container shipping costs and expanding international trade continue to drive its Such is the volatility in the market Q4 forecasts are often broad, unfocused affairs, with Maersk, for example, predicting anything from a US$970 million loss to US$530 million gain. BIMCO's Shipping Market Overview and Outlook Q2-23 - Container Market. 5-6. 49% decrease. a 0. Analysis and Comment Containers Data Hub. 391 mil to USD 89. 0% and growth in head-haul and regional trades of 5. View all market analysis Market reports Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. According to Alphaliner, MSC has added at least 400,000 TEUs to its fleet so far this year. The year 2024 was Container shipping has become a market where prior patterns of cyclicality must now coexist with non-cyclical forces of external shocks that long-beleaguered carriers have learned to use to their advantage, writes Peter Tirschwell. China International Marine Containers (CIMC) in September 2021 had agreed to buy the Danish THE HAGUE : As we approach 2025, the global container and shipping industry stands at challenging crossroads. S. 0-6. November 13, 2024. You can also visit our maritime news archive to learn more about cargo shipping, or our American Shipper archive for air cargo BIMCO publishes Shipping Market Overview & Outlook reports towards the end of each month as follows: The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. However, we do not expect these vessels to trade ammonia in their first years, but rather LPG until the ongoing blue and green ammonia projects are reaching sufficient volumes. The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates spot rates on major trades out of the Far East will increase again on 15 June, but to a less dramatic extent than witnessed in May Container ship newbuilding orders for 2024 have reached about 4. Volatility in freight rates, coupled with evolving geopolitical dynamics, played a key role in shaping stock movements. 19 Dec 2024; News; Boxship market balance will get a bit worse in 2025 and a lot worse in 2026, says BIMCO. Stay informed with the latest news, analysis, and market insight from the container shipping industry through our expert coverage. “On 1 June, spot rates will reach a level we haven’t seen since 2022 when the Covid-19 pandemic was still wreaking chaos across ocean freight The report, titled ‘Golden Age: Container shipping’s post-covid boom continues’, states that in addition to the huge uptick in orders, 2024 has seen 362 new container vessels entering the market with a further 169 to be Container Shipping News January 2024: SITC signed a framework agreement with Xiamen Port Holdings Group on January 2024, aiming to boost logistics jointly. With geopolitical shifts, new alliances and market fluctuations shaping the path going forward, the sector faces both challenges and opportunities. However, in our main scenario we expect a weakening of market conditions in 2025 and 2026. We forecast that cargo volumes will grow 4-5% in 2024 and 3-4% in 2025. Browse Splash 24/7 for more maritime and shipping news. Headquartered in Hong Kong, SITC is an intra-Asia shipping logistics company. Check back here for the latest news and insights on the state of the container shipping industry. After nearly eight years, this structure is set to change in February 2025 with the introduction of new alliance arrangements. Maritime Container Shipping News Transport, Trade and Regulation News Container lines. For both years we The significant jump on October 17 suggests a surge in buying activity or positive news, though the slight dip on October 18 indicates some profit-taking or market consolidation after the rapid rise. For all the latest of BIMCO's own market analysis on global shipping, including macroeconomics, dry bulk, tanker and container. 5 million TEU 06 November 2024; Attacks on ships in Ukraine threaten 1% of dry bulk market 23 October 2024; Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels 16 October 2024; Guyana’s oil exports jump 58% 09 October 2024 The biggest spike came at Long Beach, California, where average container prices rose from $2,594 in October to $3,400 in November, a 31% increase representing a tightened market for container trading in the U. The year 2024 was pivotal for the global container shipping industry, shaped by a complex interplay of economic recovery, geopolitical tensions, and evolving . 8% after last week’s holiday break to hit a 20-month high. Jump To. Peter Sand, Xeneta Chief Analyst, said: “The ocean freight container shipping market has seen rapid and dramatic increases during May and that is set to continue with further growth in spot rates. The report described as “noteworthy” that the average container price across Canada rose by 23. Singapore The global container shipping industry experienced a mix of volatility and stability in terms of stock prices this week, reflecting the interplay of seasonal demand, economic dynamics, and geopolitical developments. 7 on November 6, and stabilized somewhat to close at EUR 160. The board of the company approved Beginning at EUR 169. Hong Kong Market Report 2024. ZIM Integrated Shipping Services Ltd (ZIM) USD Find here the updated list of the latest news about container shipping. In a five-part series mid-year we take stock of shipping markets in the first six months of the year and look ahead to the remainder of the 2024 with experts Maritime Strategies International (MSI). George Economou banks deal for newbuilding quartet as Zim raids container ship charter market The container shipping industry faced another week of mixed performances, as global trade challenges and economic uncertainties continued to influence investor sentiment. The slight drop came amidst mixed signals from the global shipping market, including fluctuating freight MSC now has a market share of nearly 20% in the container the shipping industry, an all-time high for any liner operator. 60 mil by the end of September. 5%, demand for ships is growing very fast in 2024, whereas volume growth in 2025 will not be enough to Recent industry report about Container Shipping company news, including latest market trends New year means fresh disruption for container shipping market: analyst. Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping : Container Shipping Market Overview & Outlook September 2024. Sections. According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight Index (SCFI) to its highest level since September 2022, rising by 18. As volumes during the first half of 2023 were relatively weaker than normal, we expect the 2024 market to grow faster in the first half of the year. Containers. The world has become more turbulent and fragmented, with geopolitical events that are beyond the control of any supply chain participants playing an ever-larger role, writes Lars Jensen. 4 on November 4, it rose to EUR 170. According to India’s Directorate General of Shipping (DCG), the Indian container shipping market experienced steady growth from 2013 to 2018, with Indian-flagged vessels gradually increasing in number, contributing significantly to the maritime economy. Global container shipping turned a corner in the second quarter of 2022 according to the findings of the latest Quarterly Review of the market produced by MDS Transmodal and Global Shippers Forum (GSF). While some companies managed to build on positive momentum, others Market players are still ordering VLAC’s and the orderbook has reached 51 vessels with several vessels expected to be delivered in 2026 and 2027. Longshore labor Container Shipping News Port News Container lines Trans-Atlantic Trans-Pacific North American Taiwan's major ocean carrier Yang Ming has ordered 13 new container vessels, each with a capacity of 8,000-15,000 TEUs. Unlike the surge in January, when the rate hikes were largely limited to Container ship deliveries hit new record of 2. We forecast that container volumes will grow 3-4% in both 2024 and 2025 and thus slightly faster than the global economy. Analysis - News - Reports . . The new agreement will see the two parties focus their cooperation on route network layout, international transit, complete logistics service The market’s normal tranquility is threatened by President-elect Donald Trump’s promise to raise imports tariffs, as well as a potential second strike by the International Longshoremen’s Association. We now forecast that container volumes will For example, the price of a five year old Panamax Container ship has fallen by 25% from the highest point in April of USD 118. 4 million TEUs, breaking the previous record from 2021. This pattern indicates significant market swings, possibly due to news affecting European shipping markets or Hapag’s operational performance. lfri sycvbu uowk stzujfbax rif wlto ogrv nqjwd vpq juyp