The US East Coast port strike has just ended. As of October 1, the container vessel capacity waiting outside the US East Coast and Gulf region amounted to 346,185 TEU. This is one of the key factors contributing to the global container vessel capacity affected by port congestion, which now stands at 2.8 million TEU. No SCFI today (4 Oct) as China is on a week-long holiday, but based on the liners' online quotations, FE-WCNA was lower since last Friday with Maersk reduced its quotations from $4320/feu to $3955/feu. Read weekly update on global port congestion: https://lnkd.in/gPuzHTRG Track Global Port Congestion: https://lnkd.in/gkt9VTve #linerlytica #containershipping #USEC #PortStrike
Linerlytica
Market Research
data driven market intelligence for the container shipping industry
About us
LINERLYTICA tackles information asymmetric problems in the container shipping industry with data driven market intelligence. Everyday, over 500,000 records covering 7,000 container liner vessels in in 1500 liner services are collected, processed and added to the Linerlytica database.
- Website
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https://www.linerlytica.com/
External link for Linerlytica
- Industry
- Market Research
- Company size
- 11-50 employees
- Headquarters
- Hong Kong
- Type
- Privately Held
- Founded
- 2020
- Specialties
- International Logistics, Logistics Management, Transportation Management, 3PL, Freight Forwarding, International Trade, Strategic Planning, Business Intelligence, Ports, Freight, Logistics, Shipping, Maritime, Big Data, Container Shipping, and Supply Chain
Locations
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Primary
Room 14, Smart-Space IT Street, L3, Core D, Cyberport 3, No.100 Cyberport Road,
Hong Kong, HK
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33A Lengkong Empat
Singapore, 417658, SG
Updates
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Global port congestions surged with over 3m TEU capacity waiting to berth, highest outside of COVID period..... still no obvious pick up in capacity waiting outside of LA/Long Beach as US East Coast ports brace for worker strike ... read https://lnkd.in/gjAMb2XB Follow #linerlytica port congestion tracker: https://lnkd.in/gkt9VTve #shipping #bottleneck #us #labourstrike
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Linerlytica Port Congestion Update: A coastwise strike at US East and Gulf Coast ports now looks certain to start on 1 October 2024. The 14 ports controlled by the ILA handled 28.4m teu of containerised cargo in 2023 or almost 550,000 teu each week. For each week that the strike continues, it would hold up 1.7% of the global containership fleet ... Read more: https://lnkd.in/g3jwVRvG Track congestions at container ports globally: https://lnkd.in/gkt9VTve #linerlytica #shipping #containershipping #portstrike #us #portcongestion #supplychain
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Shanghai freight futures predict further rate declines. Container freight rates are poised to fall by over 70% by June next year, based on the latest CoFIF EC contracts traded on the Shanghai International Energy Exchange (INE). Although the drop is not as severe as the freight rate collapse seen at the end of 2022, current freight futures prices anticipate continuous declines over the coming 12 months... Read: https://lnkd.in/g3ayBMYG Daily updates of container freight futures: Matt Huang, CFA #linerlytica #freightfutures #CoFIF #shipping #maritime
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Newbuilding Orders Passed 2mn TEU YTD. The newbuilding market remains red hot with PIL the latest carrier to jump in with a new order for 5 LNG dual fuel units of 13,000 teu at Hudong Zhonghua announced on 19 August 2024. The ships are aimed at the Latin America trade with deliveries starting from late 2026. Wan Hai also confirmed LOIs for 16 new methanol dual fuel units of 8,000-8,700 teu at CSBC and Hyundai Samho. Tracking container shipping newbuildings: https://lnkd.in/dgeH2FbG #linerlytica #maritime #containershipping #shipping #newbuilding
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Your transporter can't quote you a freight rate but your customer wants to place you an CIF order 2-3 months out?
Pain of shippers these days: $6000-$8000/feu freight rates or no firm quotation from anyone for shipments embarking in few months or beyond. After several rounds of correction since July, the freight futures market gives you a way to lock in the freight rates at these levels for FE-North Europe: Oct: $4,500-5,200/feu Dec: $4,000-4,500/feu Feb: $3,200-3,600/feu Apr-Jun: $2,450-2,800/feu Track CoFIF (Container Freight Index Futures): https://lnkd.in/gQQnmCqq #linerlytica #CoFIF #containershipping #maritime #shipping #futures #freightfutures #bands
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Port congestion has picked up noticeably in the past week, with Shanghai and Ningbo the most badly affected at the moment with berthing delays of up to 4 days with adverse weather and vessels bunching causing significant bottlenecks at these ports. Transhipment volumes have also increased materially at these Chinese ports in the last 2 months, including cargo diverted from Southeast Asia and North Asia hubs. Read: https://lnkd.in/evUzmdec #linerlytica #portcongestion #shipping #containershipping
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Global port congestion eased slightly over the past week, with Southeast Asian ports recording significant improvements ... The Bangladeshi port of Chittagong has become the latest congestion hotspot following student protests that has escalated over the week, with berthing delays of more than a week at the port. Read: https://lnkd.in/gWhDj64E Track congestions at port globally: https://lnkd.in/gkt9VTve #linerlytica #portcongestion #singapore #chittagong #shipping #containershipping #maritime
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More signs of Asia Europe freight rates being peaked have emerged: 5 out of the 7 departures from Far East to North Europe over the last few days were below trend and the latest trend ... read: https://lnkd.in/gvheSxJU #linerlytica #freightfutures #shipping #containershipping #utilization
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Recent capacity additions have put cap on freight rate increases The Far East to the Indian Subcontinent, Latin America and US West Coast routes have seen a significant increase in new capacity injections in the last month, with capacity rising by 9.0%, 6.0% and 4.7% respectively with a slew new services and extra loaders added since June .... Read: https://lnkd.in/gyA_VV8E #linerlytica #FreightRates #shipping #containershipping #maritime