Despite Asia-Europe rates
going south, idle tonnage on the decline
THE idle containership fleet
continues to shrink, according to the latest data from Alphaliner, even as rates
on the Asia-Europe trade slide.
In its recently published weekly
newsletter, the maritime consultancy group revealed that laid up capacity, which
stands at 483,000 TEUs, now represents just three per cent of the global
containership fleet. This is down from 723,000 TEUs at the beginning of the
Meanwhile, the trade most
sensitive to changes in the supply and demand dynamic, Asia-Europe, has seen
rates stumble to their lowest levels since March 24, when they were just $ 1,371
According to the latest Shanghai
Containerised Freight Index (SCFI), rates on the trade last week fell 2.9 per
cent to $ 1,587 per TEU.
This represents a slide of 4.3
per cent since the end of the first quarter. Rates on the trade have fallen 12.7
per cent in a little over one month from their peak of $ 1,818 per TEU.
Alphaliner last week featured an
interesting analysis that tracked the shipping industry’s revenues over a
given period of time, and measured these results against the trends in the China
Containerised Freight Index (CCFI).
It found that rates, based on the CCFI data,
peaked in mid-May when the index hit 1,336 points—the highest the index has
reached since it was launched in January 1998.
Source : Exim
News Service - SINGAPORE, June 21