Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
After a generally weak start to the year for feeder vessels and a continuation of 2019’s strong markets for mid-size and larger units, the onset of lockdowns drove a correction in vessel earnings.
Daniel Richards, MSI Container analyst, writes- read more here
“On the freight rate side, the apparent disconnect between market performance and aggregated fundamentals reflects the fact that the most relevant supply and demand balances (or imbalances) are at the level of individual trade-lanes…” Daniel Richards, MSI explains further here
So far MSI’s expectations of a substantial and abrupt decline in tanker markets have played out. In its latest HORIZON Monthly report MSI forecasts Q3 average Aframax one Yr T/C earnings to be $19.9,00/day, illustrating how close the market has moved toward those dramatic predictions. Read more in the Maritime Professional here
The downward trend of the tanker market is expected to continue for the remainder of 2020 according to analysts Maritime Strategies International (MSI). Read more in Seatrade
UK-based boxship and bulker owner adds younger vessel to sisterships in its portfolio. Read more in TradeWinds
Zhoushan Changhong International Shipyard has been trying to hive off to 1,756-teu newbuildings by dropping the price to less than $18m each. That sets a benchmark low for modern eco-feederships and reflects the difficulties the yard had in finding buyers. Read more in TradeWinds
The rebound in the containership charter market continues at breakneck speed, as optimism grows for the long-term prospects for other major shipping markets. Read more in TradeWinds
Containership capacity is likely to grow by less than 2% this year. But with volumes falling more than 7% already, the gap between supply and demand will get wider. Read More in Lloyd’s List
Cancelled sailings are projected to significantly recede as the traditional holiday peak shipping season ramps up during the third quarter. Read more in Lloyd’s List
Consensus points to a stronger second half of the year compared with the first six months of 2020, but full-year earnings are likely to be lower than in 2019 across all segments. Read more in Lloyd’s List