Freight rates in
the Asia to Europe container trades have seen spot rates more than triple
since late last year, and look set to rise further as lines impose more
increases in the coming weeks.
Most lines have announced their intention of seeking another $400 per teu on May 1, but APL and OOCL will be asking for $450 more. Shanghai’s container throughput also reached 7.5m teu in the first three months of this year, based on year on year growth of 3.5%.
Container imports to Europe increased 4 percent in February, while exports grew 8.89 percent, according to the latest analysis from Container Trade Statistics. Rotterdam posted a 4% decline in volumes in the first quarter to 2.8m teu, despite a 1% rise in total box weights to 30m tonnes.
In Asia, Singapore handled 7.5m teu in the January-March period, up 6.6% on year. Inactive capacity now stands at 274 ships with a total intake of 492,000 teu, equivalent to 3.15% of the total fully cellular fleet, according to Lloyds List latest idle containership survey as of the 11th April 2012.
Braemar Seascope have reported that scrapping activity is picking up, with 35 ships sent to the breakers in the first quarter of the year, and almost a half coming from the 2,000 - 3,000 teu range. Braemar estimates that 120 ships of just over 193,000 teu will be removed this year, representing 1.2 per cent of the fleet.
That compares with 58 ship deletions of 83,900 teu in 2011, and a projected 65 ships of 134,500 teu are likely to be sold for scrap in 2013.
Source: IMDO
Most lines have announced their intention of seeking another $400 per teu on May 1, but APL and OOCL will be asking for $450 more. Shanghai’s container throughput also reached 7.5m teu in the first three months of this year, based on year on year growth of 3.5%.
Container imports to Europe increased 4 percent in February, while exports grew 8.89 percent, according to the latest analysis from Container Trade Statistics. Rotterdam posted a 4% decline in volumes in the first quarter to 2.8m teu, despite a 1% rise in total box weights to 30m tonnes.
In Asia, Singapore handled 7.5m teu in the January-March period, up 6.6% on year. Inactive capacity now stands at 274 ships with a total intake of 492,000 teu, equivalent to 3.15% of the total fully cellular fleet, according to Lloyds List latest idle containership survey as of the 11th April 2012.
Braemar Seascope have reported that scrapping activity is picking up, with 35 ships sent to the breakers in the first quarter of the year, and almost a half coming from the 2,000 - 3,000 teu range. Braemar estimates that 120 ships of just over 193,000 teu will be removed this year, representing 1.2 per cent of the fleet.
That compares with 58 ship deletions of 83,900 teu in 2011, and a projected 65 ships of 134,500 teu are likely to be sold for scrap in 2013.
Source: IMDO
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