Sea-Intelligence

The initial disruptions to global supply chains triggered by the pandemic had a profound impact on non-alliance services. Many of these services ceased operations on major East-West trade routes. However, the subsequent surge in demand for goods, coupled with rising spot rates, prompted a significant influx of non-alliance capacity into the market. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #growth #capacity

Almost 16 million TEU were loaded in May 2024, which is 223,000 TEU more than the previous record.  Due to the Red Sea crisis, TEU*Miles globally now exceed the pre-crisis record by 18.6%. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #growth #loadings

Global schedule reliability improved by 3.8 percentage points M/M in May 2024, to the highest point YTD of 55.8%.  On a Y/Y level however, schedule reliability was down -11.0 percentage points. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #reliability #schedule

Issue 154 of Sea-Intelligence's Global Liner Performance (GLP) report is now available, and Global Schedule Reliability increased to highest YTD levels, i.e. raising to 55.8%. Meanwhile, the average delay for late vessels decreased slightly, reaching 5.10 days. For the full report, please contact [email protected] for a subscription #seaintelligence #containershipping #realibility #GLPreport

Global reliability improved marginally in May, but at the same time the average delay of late vessels also increased marginally.  This means that the slight improvement in timeliness was counteracted by port congestion, leading to no real change in the vessels unavailable for use. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #delays #reliability

New data from the US Census Bureau, detailing both sales and inventory changes in the US up until the end of April 2024, shows absolutely no signs of a sudden surge in container demand prior to the sharp rise in container spot rates in early May 2024. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #growth #inventory

Carriers’ planned sailings indicate a considerable growth in capacity on Asia-Europe in July – and also in August for the Transpacific.  The unknown factor is blank sailings. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #capacity #blankings

One of the key challenges in container shipping, is the lack of shipper/carrier contract enforceability. With freight rates increasing sharply, there are calls for carriers to stick to contracts.  Such calls would implicitly assume that shippers would reciprocate, when the market eventually goes down. But is that also what happens? To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #loyalty #contract

Freight rate developments during the pandemic cycle were highly asymmetric. Carriers who held back on increases lost billions of USD in revenue. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #revenue #EBIT

Spot rates continued to skyrocket this week and shippers are clearly getting anxious, in relation to high rates may go. But the truth is, nobody really knows. In this week's Sunday Spotlight, we are looking into the question "How high can spot rates go?", and providing our insight to how high the spot rates may go. To follow the Sunday Spotlight, please contact [email protected] for further information. #seaintelligence #containershipping #spotrate #freight