OCTOBER has demonstrated that the red-hot container shipping market has hit a plateau after breaking all records in September, reports Singapore's Splash 247.
September saw boxship charter rates surpass US$200,000 a day, with companies shelling out incredible sums for tonnage.
However, the Shanghai Containerised Freight Index (SCFI) and other box shipping indices are all looking like they have peaked, said Splash.
The SCFI was down 29.69 points recently to 4614.1, its first decline for many weeks.
Hapag-Lloyd and CMA CGM both publicly stated last month they have stopped seeking spot rises from customers for the coming months.
'The dip may also hint that the peak of peak season demand - with delays making it possible that shipments not already en route may not make in time for the holiday season - could be behind us,' said Freightos research chief Judah Levine.
Drewry's World Container composite index declined 0.2 per cent to settle on US$10,360.87 per FEU.
'Port congestion remains high, especially in key hubs such as LA, Long Beach, New York, and Hamburg, and equipment is in short supply. Seen against strong pre-festive season demand, and stubbornly high spot rates, it's difficult to see much relief on the horizon for shippers,' said Xeneta CEO Patrik Berglund.
In Asia to the US west coast the premium is $500 to $10,500 per container on top of the index of $8,800, whereas Asia to Europe trades the premium is between $1,500 and $4,000 per container on top of the index of $14,000.
'This is an important additional piece of information. Not because of the magnitude, but because of the extreme spread seen in the premium pricing. This exemplifies why the competitive situation between the shippers themselves is changing as they are clearly not all equally disadvantaged in terms of freight costs,' said Vespucci Maritime CEO Lars Jensen.
SeaNews Turkey
September saw boxship charter rates surpass US$200,000 a day, with companies shelling out incredible sums for tonnage.
However, the Shanghai Containerised Freight Index (SCFI) and other box shipping indices are all looking like they have peaked, said Splash.
The SCFI was down 29.69 points recently to 4614.1, its first decline for many weeks.
Hapag-Lloyd and CMA CGM both publicly stated last month they have stopped seeking spot rises from customers for the coming months.
'The dip may also hint that the peak of peak season demand - with delays making it possible that shipments not already en route may not make in time for the holiday season - could be behind us,' said Freightos research chief Judah Levine.
Drewry's World Container composite index declined 0.2 per cent to settle on US$10,360.87 per FEU.
'Port congestion remains high, especially in key hubs such as LA, Long Beach, New York, and Hamburg, and equipment is in short supply. Seen against strong pre-festive season demand, and stubbornly high spot rates, it's difficult to see much relief on the horizon for shippers,' said Xeneta CEO Patrik Berglund.
In Asia to the US west coast the premium is $500 to $10,500 per container on top of the index of $8,800, whereas Asia to Europe trades the premium is between $1,500 and $4,000 per container on top of the index of $14,000.
'This is an important additional piece of information. Not because of the magnitude, but because of the extreme spread seen in the premium pricing. This exemplifies why the competitive situation between the shippers themselves is changing as they are clearly not all equally disadvantaged in terms of freight costs,' said Vespucci Maritime CEO Lars Jensen.
SeaNews Turkey
