Capesize freight rates saw a general lack of physical activities in both the Asia Pacific and Atlantic market this week, with market concerns over cyclones brewing off the Australian coast.
Wuhan Shipping Exchange has launched three Yangtze river shipping indexes, namely WSCFI (Wuhan Shipping Container Freight Index), CCSFI (China Coal Shipping Freight Index) and CARPI (Changjiang Automobile-roro Prosperity Index), to promote shipping industry development of Wuhan and Yangtze river.
The global dry bulk shipping market is expected to see flat rates and a marginal fleet growth in 2019, with potential near-term positive prospect following a temporary truce in trade war between China and US.
Reefer container freight rates will go up by as soon as the second half of 2019, ONE ceo Jeremy Nixon said at the 4th Cool Logistics Asia in Hong Kong.
Calling out the container shipping lines for being the source of their own misery, Alphaliner said in its weekly newsletter that an inability to control capacity over the last 12 months has led to the current situation.
Despite the apparent shows of strength in recent months, there are clearly signs of concern in the container market in several areas.