keo nha cai fb88News Highlights week: 47 - 2022

South Korean operator Namsung Shipping will next month expand its Southeast Asia coverage to include Indonesia.

keo nha cai fb88 carrier is set to join its compatriot KMTC and Sinokor on their jointly operated ‘ANX’ service, which connects South Korea, Central and South China, Southern Vietnam, Thailand and Indonesia.

Namsung will deploy its newly delivered 1,607 teu PEGASUS PROTO, which is scheduled to join keo nha cai fb88 ‘ANX’ service on 10 December at Incheon. This sailing also marks keo nha cai fb88 start of Namsung's participation on this upcoming loop.

keo nha cai fb88 ‘ANX’ turns in four weeks using four ships of 1,600 – 2,500 teu calling at Inchon, Busan, Ulsan, Shanghai, Ho Chi Minh City (Cat Lai), Laem Chabang, Jakarta, Ho Chi Minh City (Cat Lai), Hong Kong, Chiwan, Inchon.

he upcoming 'ANX' will not only provide a direct access to Indonesia's main port Jakarta, but it will also improve Namsung's current coverage between South Korea, China, Southern Vietnam and Thailand.

Spot ocean rates in China close to pre-pandemic levels

keo nha cai fb88 pressure on Chinese export spot ocean freight rates has increased in keo nha cai fb88 past few weeks. Shanghai – North Europe rates declined 20.7% last week according to keo nha cai fb88 Shanghai Containerized Freight Index (SCFI) after two consecutive weeks with a 16% decline.

keo nha cai fb88 significantly lower spot rates on this route were largely responsible for last week’s overall 9.5% decrease of keo nha cai fb88 index as published last Friday 18 November by keo nha cai fb88 Shanghai Shipping Exchange. keo nha cai fb88 SCFI also showed strong rates declines on keo nha cai fb88 routes from Shanghai to Melbourne (-20.3%), Dubai (-15.6%) and Santos (-12.5%).

keo nha cai fb88 index was down last Friday to 1,307 points which is comparable to September 2020 levels and not so far off from keo nha cai fb88 1,000 points mark of January 2020. keo nha cai fb88 index has already fallen 74% since its historical high of 5,110 points on 7 Jan 2022.

At keo nha cai fb88 beginning of keo nha cai fb88 year most people in keo nha cai fb88 liner shipping industry expected a slow normalization of keo nha cai fb88 market. It took keo nha cai fb88 SCFI until keo nha cai fb88 second half of July to drop below keo nha cai fb88 4,000 point mark.

keo nha cai fb88 pace of descent has increased since: it took only another six weeks to fall below 3,000 points (early September) and another four weeks to drop below keo nha cai fb88 2,000 mark. If spot ocean freight rates remain under keo nha cai fb88 same pressure as in keo nha cai fb88 past few weeks, keo nha cai fb88 index will be back at pre-pandemic levels in December.

Rates from Shanghai to North European base ports reached an alltime high on 14 January (almost USD 15,600/feu), but were down 85% to only USD 2,350/feu last week. Interestingly, Shanghai – West Med spot rates still stand at a higher USD 4,000/feu despite keo nha cai fb88 shorter sailing distance.

Transpacific spot rates fell from a high of USD 8,100/feu in February to only USD 1,550 last week between Shanghai and California (-81%), while keo nha cai fb88 China-US east coast trade saw a rate decrease of some USD 11,800 in January to almost USD 3,900 (-67%).

Of note, actual freight rates paid by shippers in early 2022 were even higher, as keo nha cai fb88 SCFI did not take into account keo nha cai fb88 extra premiums paid for booking guarantees.

Time charterers will take responsibility for a ship’s emissions when keo nha cai fb88 International Maritime Organization’s new Carbon Intensity Indicator, known as CII, is introduced next year.

Under a new clause drawn up by BIMCO’s documentary committee, when entering into keo nha cai fb88 charterparty or incorporating keo nha cai fb88 clause into an existing charterparty, keo nha cai fb88 parties are to agree on a specific CII to be achieved each year, according to a statement.

Imports at Los Angeles and Long Beach continued to decline in October, dropping 28% and 23.7%, respectively, from keo nha cai fb88 year-earlier period. Los Angeles had its worst October for imports in 20 years, while Long Beach’s was its weakest October since 2012. Year-to-date, imports are down 8.6% and 0.1%, respectively, but remain elevated compared to any year prior. Combined, this is keo nha cai fb88 slowest year for keo nha cai fb88 San Pedro Bay ports since 2011.

MKT