1. Ocean Freight Rates Outlook
- ASPA –EURO: Carriers report weak utilization. Capacity has been sharply reduced for the first two October weeks. Rates levels are expected to drop for October
- EURO –ASPA & MEA: Due to the golden week in Far East and several blank sailings (ongoing scrubber upgrades), space constraints are expected to come up mid/end of November (week 47/48). This will also affect the empty equipment situation throughout Europe, especially the hinterland availability and will have a cascading effect on the connected trades ieME / IPBS and AU&NZ.
- ASPA - AMLA: Capacity has been reduced for the first two October weeks. Utilization remains moderate to strong. Rates levels have slightly dropped for 1st week of Oct but we expect a gradual climb across the next weeks.
- ASPA - AMNO: Carriers have announced blank sailing for the first two weeks of October. Rate levels are expected to be under pressure due to the lower demand during the China Golden Week.
- EURO - AMNO: Space remains tight. However situation is expected to ease in the upcoming weeks.
- ASPA - MENTA: Rates are stable. Capacity utilization is still moderate to strong. Impact of the Golden Week holidays is yet to be seen. In general, demand is not expected to pick up immediately after the Holidays.
- ASPA - ASPA: Most Intra Asia/IPBC services will have blank sailing within first two weeks of October, space is expected to be tight for rest of the month. Cargo-rolling at transshipment port on the Indian Subcontinent trade have eased a little but may worsen again with the China long holiday rush. Heavy rains and floods in South Asia have further affected port productivity and operations in Chittagong, further delays are to be expected.
- AMNO - EURO: US-EURO market rates remain flat –reduced capacity in week 41 (no sailing for AL3 & Liberty Bridge).
2. CMA CGM Launches First 23,000 TEU LNG-Powered Giant
French shipping major CMA CGM has launched the first of its 23,000 TEU LNG-powered containership giants at the Shanghai Jiangnan-Changxing Shipyard. The ships aim at boosting their environmental performance by including hydro dynamically optimized hulls, with a bulbous bow and a modern bridge design.
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