MSC’s Hard Work Kick-Started The Liners’ Fight Back, Several Rounds Left to Win — Panjiva
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MSC’s Hard Work Kick-Started The Liners’ Fight Back, Several Rounds Left to Win

Corp - Shipping 608 Energy - Bunker Fuel 63 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Rates 141

The fortunes of the container-lines may be improving. Average shipping rates for routes out of China improved 8% sequentially in the third quarter, driven by improving Transpacific rates. The liners, starting with MSC in May, have been attempting to pass through higher fuel costs. Given bunker fuel rates rose 6% on average in the quarter that appears to have been successful, at least in the short-term. Yet, the container-lines cannot be complacent. Fuel costs have risen 5% in September alone to reach their highest since November 2014. Container-rates meanwhile are only back to levels see...

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