Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transpacific
Situation
In April, we saw some downward rate adjustments in spot and short-term pricing. Long-term contracts are being negotiated and carriers are paying much more attention to finalizing long-term deals rather than focusing on short-term rate levels.
The accident in Baltimore created issues primarily for inland transportation as containers were diverted from Baltimore to neighboring ports. A corridor has been created and another permanent corridor will be prepared to reach Baltimore’s port by the end of May, according to official information.
Obstacles
The main obstacle is schedule reliability.
The situation in the Panama Canal has improved, but it is still not back to the “normal” 36 passages per day. The number of daily passages was only recently increased from 24 to 27.
Outlook/Solutions
Prices will remain relatively low in May and some shippers will wait for the spot market to drop further to get closer to long-term contract rates.
A talk with Rolf Habben Jansen, CEO of Hapag Lloyd
We had the opportunity to talk to CEO of the fifth largest container carrier worldwide about the recent developments in seafreight and acquisition plans.
What does a bird have to do with cranes?
- Facts
It’s impossible to think of a world without cranes. Whether used for loading cargo, or in the construction industry – cranes are among the most important man-made mechanical devices.
