More than 120 idle container ships have been recalled on duty. The long-awaited peak season is final
- Author:Jim
- Source:Sohang
- Release Date:2020-07-16
According to Alphaliner, a shipping consultancy, since June 22, more than 120 idle container ships have re-launched because the signs of the peak season are gradually emerging.
The consultancy agency’s records show that as of July 6, there were 375 container ships that were idle worldwide, equivalent to 1.85 million TEU, which is much lower than the 453 2.32 million TEU reported two weeks ago, with nearly 78 containers The ship resumed sailing.
Alphaliner said: "The capacity of idle vessels has dropped below 2 million TEUs for the first time since mid-February, indicating that market conditions are improving."
The consultancy agency’s records show that as of July 6, there were 375 container ships that were idle worldwide, equivalent to 1.85 million TEU, which is much lower than the 453 2.32 million TEU reported two weeks ago, with nearly 78 containers The ship resumed sailing.
Alphaliner said: "The capacity of idle vessels has dropped below 2 million TEUs for the first time since mid-February, indicating that market conditions are improving."
The consultancy added that the recovery of nearly 500,000 teu capacity was due to shipping companies loosening “strict capacity management because the global economy began to recover after the blockade”.
Alphaliner said: "The peak season has begun, although it was started against the background of the suspension of conventional navigation, so this is a special season."
According to another shipping analysis agency, sea-intelligence, in the latest weekly report released last Sunday: "After experiencing severe shocks in April and May, the market is now relatively calm."
sea-intelligence observed, "Demand is no longer as low as before, which poses new challenges for shipping companies-in an ideal situation, when the market comes out of the troughs of April and May, how to gradually increase again Capacity, but it does not affect the good freight rates that have been achieved."
It is reported that last week, THE Alliance Shipping Alliance announced that in July and August, Asia to Northern Europe added 6,000-10,000 teu "extra ships" to replace its temporarily suspended FE4 loop.
The 2M alliance between Maersk and MSC launched the sweeter/Griffin service to compensate for its AE2/Swan loop until the suspension of operations in October.
CMA CGM of CMA CGM recently decided to launch its new RTA (Round The Africa) Asia-Africa route from the end of this month, which will use 11 4,250 teu ships.
Alphaliner said: "The peak season has begun, although it was started against the background of the suspension of conventional navigation, so this is a special season."
According to another shipping analysis agency, sea-intelligence, in the latest weekly report released last Sunday: "After experiencing severe shocks in April and May, the market is now relatively calm."
sea-intelligence observed, "Demand is no longer as low as before, which poses new challenges for shipping companies-in an ideal situation, when the market comes out of the troughs of April and May, how to gradually increase again Capacity, but it does not affect the good freight rates that have been achieved."
It is reported that last week, THE Alliance Shipping Alliance announced that in July and August, Asia to Northern Europe added 6,000-10,000 teu "extra ships" to replace its temporarily suspended FE4 loop.
The 2M alliance between Maersk and MSC launched the sweeter/Griffin service to compensate for its AE2/Swan loop until the suspension of operations in October.
CMA CGM of CMA CGM recently decided to launch its new RTA (Round The Africa) Asia-Africa route from the end of this month, which will use 11 4,250 teu ships.
In order to meet better-than-expected demand, container ship owners are scrambling to determine the tonnage of ships, which is good news for the hitherto sluggish charter market. In fact, all the major charter indexes have followed the rise in tonnage demand. Rising simultaneously, this is a welcome boost.
According to reports from ship brokers, the larger ships of 7,500-11,000 teu have been "sold out", and even the Panamax 4000-5300 TEU ships have continued "active" market activity.
Alphaliner reported: "In the past few weeks, the supply has been quite tight. At the peak of the Covid-19 epidemic in May, the shutdown of nearly 50 ships has now become a distant memory."
According to reports from ship brokers, the larger ships of 7,500-11,000 teu have been "sold out", and even the Panamax 4000-5300 TEU ships have continued "active" market activity.
Alphaliner reported: "In the past few weeks, the supply has been quite tight. At the peak of the Covid-19 epidemic in May, the shutdown of nearly 50 ships has now become a distant memory."
According to Alphaliner's data, as of July 14, only 12 Panamax vessels were seeking to re-launch, and the carrier snapped up these "primary" ships for additional capacity.
With the surge in demand, the charter rates for Panamax vessels have increased by approximately US$2,000-US$9,000 per day in the past two weeks. Other boat types have also shown strong demand, which is reflected in the increase in daily rents and shipowners. Improvement of terms.
"Shipowners are now reluctant to agree to extend the deadline because they feel that the market is beginning to lean in their favor, and they want to retain their options, which is understandable." A shipping broker said.
With the surge in demand, the charter rates for Panamax vessels have increased by approximately US$2,000-US$9,000 per day in the past two weeks. Other boat types have also shown strong demand, which is reflected in the increase in daily rents and shipowners. Improvement of terms.
"Shipowners are now reluctant to agree to extend the deadline because they feel that the market is beginning to lean in their favor, and they want to retain their options, which is understandable." A shipping broker said.