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Based on the global container port performance index out of 348 facilitiesNotes: the 2022 edition of the container port performance index measures a port’s level of efficiency and covered 348 ports. sources: world bank group and s&p global market intelligence.
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Micaela Toma
Sales consultant forwarding and shipping .
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Very interesting interview ! Key points: the capacity removed from the market due to the Red Sea attacks on shipping beginning in December will gradually be replaced in 1H 2024 by new tonnage coming onto the market. This a supply versus demand disruption and though vessels are out of schedule and occasionally bunching up at ports, no significant port congestion is resulting.
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Signal
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Dry Bulk Chart of the Week: Panamax Canal Congestion, HandysizeIn the third week of September, freight rates across ship categories surged, reflecting strong upward momentum, boosted by optimism in Chinese economic activity and stimulus measures. Additionally, increased congestion in the Panama Canal, particularly in the Handysize segment, has contributed to this positive trend.The Signal Ocean Dry Market Monitor Chart of the Week is now available for FREE in our Newsroom:https://lnkd.in/d5qF9hYi#ShippingTrends #EconomicOptimism #PanamaCanalCongestion#GlobalTrade #DryBulkShipping #Maritime #Drybulk #Marketinsights #ShippingAnalytics #ShippingNews #Shipsandshipping
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Engineering News
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PORT PRESSURES: The World Bank Port Index, which ranked South African ports near to the bottom of the global pile, is backward-looking and is, thus, not fully reflective of recent efforts made to address bottlenecks. Nevertheless, the port system still has a long way to go not only to recover from State capture and the Covid lockdowns but to start performing at levels supportive of competitive trade.
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Creamer Media
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PORT PRESSURES: The World Bank Port Index, which ranked South African ports near to the bottom of the global pile, is backward-looking and is, thus, not fully reflective of recent efforts made to address bottlenecks. Nevertheless, the port system still has a long way to go not only to recover from State capture and the Covid lockdowns but to start performing at levels supportive of competitive trade.
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Mining Weekly
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PORT PRESSURES: The World Bank Port Index, which ranked South African ports near to the bottom of the global pile, is backward-looking and is, thus, not fully reflective of recent efforts made to address bottlenecks. Nevertheless, the port system still has a long way to go not only to recover from State capture and the Covid lockdowns but to start performing at levels supportive of competitive trade.
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#SUERFpolicybrief “Global supply chain reorientation is inflationary and entails substantial adjustment” by Daragh Clancy (Central Bank of Ireland & University of Limerick), Donal S. (OECD - OCDE), and Vilém Valenta (European Central Bank)Policymakers around the world are encouraging the local production of key inputs to reduce risks from excessive dependencies on foreign suppliers. In a recently published paper, we analyse the macroeconomic effects of supply chain reorientation through localisation policies. We proxy non-tariff measures, such as the stricter enforcement of regulatory standards, which reduce import quantity but do not directly alter costs and prices. Focusing on the euro area, we find that localisation policies are inflationary, imply transition costs and generally have a negative long-run effect on aggregate domestic output. The size (and sign) of the long-run impact depends on whether these policies are implemented unilaterally or induce a retaliation from trade partners, and also the extent to which they reduce domestic competition and productivity. We provide some recommendations for policymakers considering implementing a localisation agenda.https://lnkd.in/dWFz7-5n#GeneralEquilibrium #Reshoring #StrategicAutonomy
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Thorsten Diephaus
VP Strategic Alliances - Data is the key
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What is the current impact of the Red Sea crisis on key trade sectors?Over the past three months, significant rate increases have been observed in various short-term markets, as illustrated in the table below. However, upon a closer examination of current March rates compared to February, it becomes evident that the markets are experiencing a gradual softening.How will this development influence the final negotiations on Transpacific (TP) and affect the ongoing contracts initiated in January of this year? Are we anticipating a rapid decline in short-term rates, or will prices gradually recede? Moreover, are there indications of an increasing prevalence of long-term contracts tied to monthly or quarterly rate updates?For a deeper understanding and to formulate a strategic approach, reach out to obtain more insights based on market data.Stay tuned to our news channel for upcoming partner announcements. You may be pleasantly surprised to discover which entities will soon integrate our data into their solutions.On a related note, if you find yourself in Long Beach for #TPM next week, be sure to visit our booth. Meet my colleagues in person and discover more about our offerings.#xeneta #tpm24 #oceanfreight #shortterm #marketdevelopment #
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Lars Jensen
Leading expert in the container shipping industry. Click "Follow Me" here on LinkedIn to stay updated
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162% rate increase in the SCFI spot rate from Shanghai to North Europe over the past 2 weeks.On December 15th the benchmark spot rate was at 1,029 USD/TEU, and today it is recorded as 2,694 USD/TEU. It should be noted that spot rates clearly do not cover all freight in the market and contract rates will be less prone to these extremes – with one of the exceptions being extra charges caused by the B/L clauses related to redirecting the vessels out of safety concerns (but this specific element will not show up in rate indicies).If the situation is resolved quickly – in the sense that all carriers resume Suez routings in the next weeks, the spot rates should be expected to abate towards Chinese New Year and then drop sharply.If the situation persists rates will still abate after Chinese New Year, but settle at a higher level reflecting party the added costs of the round-Africa services as well as a general drive form the carriers to increase rates to profitable levels. Let us not forget that prior to the crisis the carriers were also on a path to increase rates to profitable levels and were having some success with it.
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Asha Securities Ltd
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Asha Securities Research brings you more than just numbers. We bring insights! Get the inside scoop on Global Freight Rates and Types of Tankers in our latest informational note.Read it now!👇
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🚢 Introducing Commodities at Sea (CAS) - Your Gateway to Global Commodity Trade Flow Insights 🌍 Why CAS 🔹𝗛𝗶𝗴𝗵-𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 – on commodity supply and trade activities.🔹𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗿𝗮𝗱𝗲 𝗩𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 – ensuring you’re always informed.🔹𝗙𝗹𝗲𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀 – deep dive into fleet metrics and voyage details🔹𝗧𝗿𝗮𝗱𝗲 𝗙𝗹𝗼𝘄 𝗧𝗿𝗲𝗻𝗱𝘀 – detailed analytics on commodity trade flows To find out more, watch the full product video - https://okt.to/nzFAva #CommoditiesAtSea #MarketIntelligence #TradeAnalytics #FleetMetrics #GlobalTrade #CommodityTrading
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