Caroz Market Update: Expectations into 2023
We are almost at the end of the year 2022. A year in which we saw a very unpredictable market with a lot of ups and downs. It was the end of the pandemic and the start of high inflation. We saw all-time high and low records and now it is finally coming back to normal. Now in the middle of December, it is time to see what we can expect in 2023.
Caroz Market Update: Much needed stability is coming back
The last months have been very challenging with all time high ocean rates and blank sailings around Golden Week. It really wasn’t easy. Luckily there were some significant improvements the last few weeks. The container rates are slowly coming back to normal, blank sailings are stabilizing after the Golden Week in China, and the schedule reliability is improving as well.
Caroz Market Update: Blank sailings are increasing significantly
From Asia to the US West Coast, the average capacity has fallen to its lowest since February in the past four weeks, according to new data from online rate platform Xeneta. Over this period, 275,000 TEU on average has left Asia heading for the US West Coast. That is about 50,000 TEU less than the peak in early August.
Market update: Import Slowdown and short term ocean freight are bouncing back
The first signals regarding the high inflation rates and negative future prospects are affecting the ocean freight market. Early movements of changing customer behavior in spending less become visible. Falling demand and cancellations push the market rates to some of the lowest in almost 24 months.
European market update: THE European Transport market outlined
The current geopolitical situation, macro- economic uncertainty and record-breaking inflation in Europe are affecting the transport sector severely. Over the last two years we have seen a huge imbalance in the European market and in ocean freight.
Market update: High occupancy for container terminals in Northern Europe creates bottlenecks as carriers have announced additional fee’s
High yard occupancy at ECT Delta & Euromax Container Terminal in Rotterdam as well as multiple container terminals in the port of Antwerp have reached critical levels according to a multitude of sources. The main driver is the Increasing container dwell times, which is causing operational disturbance.
Market update: Record level – Increasing supply chain transit times and ongoing poor schedule reliability
While Covid-19 cases in Europe have been declining in recent weeks, the situation in Asia has developed in a different direction. A multitude of countries within the continent are showing an explosion of rising covid-19 cases, despite of the strict outbreak-prevention policies which have been put in place in many of the countries.
Market update: Growing Covid numbers Asia & China
While Covid-19 cases in Europe have been declining in recent weeks, the situation in Asia has developed in a different direction. A multitude of countries within the continent are showing an explosion of rising covid-19 cases, despite of the strict outbreak-prevention policies which have been put in place in many of the countries.
Market update: Ukrainian – Russian war and the impact on the global ocean freight market
Each monthly update we will highlight one trending topic which has an effect on the global ocean freight market.
Market update – February 2022
Each monthly update we will highlight one trending topic which has an effect on the global ocean freight market.
