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* Home * Register * Login * About Us * Who we are * Editorial team * Loadstar Premium * Advertise * Press Releases * Work for us * Copyright * Advertise * Press Releases * Contact Us Sign up for our FREE newsletter * * Main news * News by mode * Air * Land * Sea * Supply Chain * Explore * Comment * Company Notices * Ecommerce Series * News * People * Recommends * Safety & Security * Podcasts * Premium * DeskOne * Advertise * Press Releases * Contact Us Receive FREE Newsletter * * * * Advanced Search + NEWS / NEW CONTAINER VOLUME HIGH PROVOKES MAJOR CONCERNS OVER PEAK SEASON * * * * * DHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISINGDSV: GUIDANCE DSV: AIR VOLUME TRENDSDSV: GROSS PROFIT OUTLOOKDSV: AIR AND OCEAN STRENGTH DSV: REVENUE GROWTH DHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISINGDSV: GUIDANCE DSV: AIR VOLUME TRENDSDSV: GROSS PROFIT OUTLOOKDSV: AIR AND OCEAN STRENGTH DSV: REVENUE GROWTH Photo 28999784 | Ship © Xuejingwen | Dreamstime.com By Charlotte Goldstone 11/07/2024 Global demand for ocean freight container shipping has hit a record level, surpassing peak-Covid demand, but leaving shippers with a big question about the traditional peak season. Recent data from Xeneta and Container Trade Statistics revealed that the 15.94m teu transported via ocean in May overtook the previous record of 15.72m teu reached in May 2021, at the height of the pandemic. Xeneta’s senior shipping analyst, Emily Stausbøll, said: “More containerised goods are being shipped by ocean than ever before, at a time when available capacity is impacted by diversions around Africa due to conflict in the Red Sea and severe port congestion in Asia and Europe. “This is a perfect storm of pressure on ocean supply chains, which has resulted in the chaos of recent months.” Xeneta said the record-breaking level of global demand had been driven primarily by volumes out of the Far East. China exports reached an all-time high of 6.2m teu in May, accounting for a whopping 39% of the month’s reported global container trade. Ms Stausbøll added: “Given we are already seeing record-breaking volumes ahead of the traditional peak season in Q3, you can understand why shippers are so concerned.” The big question, said Ms Stausbøll, was whether record volumes now would mean reduced volumes in the traditional peak season. “Numerous factors come into play, not only of underlying consumer demand, but also nervous shippers front-loading imports and the potential for further tariffs on imports from China. “While this combination could keep demand high through the next few months, there must be a limit to how long the record levels of demand can last,” she said. Meanwhile, carriers are still doing what they can to respond to the demand – The Loadstar reported last month that idle tonnage had reached pandemic-level lows of 0.7%. Indeed, said Ms Stausbøll: “In many respects, it is impressive that global shipping networks have been able to transport this enormous volume of containers under such challenging circumstances.” And yesterday, Alphaliner revealed that vessel sale and purchase deals had surged in the first six months of the year, “as carriers and NOOs reacted to the red-hot charter and freight markets”. Over half a million teu of container tonnage across 141 vessels changed hands during this period, according to Alphaliner, averaging 23 ships a month changing hands. This compares with an average of 15 a month in H2 23. “Despite an increase in freight rates from September, there was no immediate reaction in the second-hand market, with many carriers believing the crisis to be a short-term issue,” explained Alphaliner. “Realisation that there was no quick solution saw a change of heart from January onwards.” COMMENT ON THIS ARTICLE -------------------------------------------------------------------------------- Close You must be logged in to post a comment. -------------------------------------------------------------------------------- RELATED STORIES Previous BOOMING INTRA-ASIA TRADE PUSHES CONTAINER TRAFFIC TO NEW MONTHLY RECORD New data from Container Trade Statistics (CTS) shows global container traffic in May hit a ... 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Annual contracts Calculating Capacity Congestion indigestion Pump up the volumes Rates: the eternal tango Jul 12, 2024• 0 Comments• Share * * * * * A RUSH TO GET CARGO ON A SLOW BOAT FROM CHINA IN TIME FOR CHRISTMAS SHOPPING With no end in sight to the Red Sea crisis, it is highly likely that ... 2M Asia-North Europe Golden Week Ocean Alliance Schedule reliability Whither the peak season? Jul 10, 2024• 0 Comments• Share * * * * * BOOMING INTRA-ASIA TRADE PUSHES CONTAINER TRAFFIC TO NEW MONTHLY RECORD New data from Container Trade Statistics (CTS) shows global container traffic in May hit a ... Asia-Europe Asia-Middle East/India Asia-South Africa Asia-South America Intra-Asia Pump up the volumes Transpacific Jul 8, 2024• 0 Comments• Share * * * * * SPOT RATE SURGE TO CONTINUE PAST GOLDEN WEEK, WITH SURCHARGES CAUSING MORE PAIN Since the 1 July implementation of a series of peak season surcharges (PSS) and new ... Asia-Mediterranean Asia-North Europe Asia-US east coast Golden Week Rates: the eternal tango Transpacific Whither the peak season? Jul 5, 2024• 1 Comments• Share * * * * * 'SURPRISING' AMOUNT OF NEW CAPACITY GOING TO FAST-GROWING LATIN AMERICA TRADES Despite the increasingly large amounts of container shipping capacity being tied up in the Asia-Europe ... Asia-South America Calculating Capacity Callao Chancay Europe-South America trade Jul 4, 2024• 0 Comments• Share * * * * * CONTRACT LOGISTICS THE STAR PERFORMER AS DSV UNVEILS MIXED Q2 RESULTS Contract logistics was the star performer in the second quarter for DSV, reveals the Danish ... DSV Pump up the volumes The Purse Strings Jul 24, 2024• 0 Comments• Share * * * * * A DARK TALE – THE PARADOX OF ST PETERSBURG'S PORT THROUGHPUT Making sense of Russian container movements Hong Kong Parallel supply chains Pump up the volumes Russia sanctions St Petersburg Jul 24, 2024• 0 Comments• Share * * * * * MSC CONTINUES TO EXPAND FLEET WITH VINTAGE VESSELS AS PROFITS TOP SCRAP VALUE In its trawl for tonnage, MSC has been buying vintage containerships ripe for demolition as, ... Calculating Capacity capacity crunch Evergreen MSC On the scrap-heap ship scrapping Jul 22, 2024• 0 Comments• Share * * * * * Next * * * TOPICS Calculating Capacity Idle tonnage Pump up the volumes Whither the peak season? 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All Rights Reserved Copyright Privacy Policy Cookie Settings X CONTACT US THE LOADSTAR EDITORIAL ENQUIRIES Alex Lennane email: alex@theloadstar.com LOADSTAR PREMIUM EDITORIAL ENQUIRIES Alessandro Pasetti email: alessandro@theloadstar.com BUSINESS AND ADVERTISING ENQUIRIES Nick Marsh email: nick@theloadstar.com PREMIUM SUBSCRIPTION ENQUIRIES Arabella Tancred email: arabella@theloadstar.com GENERAL ENQUIRIES Arabella Tancred email: arabella@theloadstar.com This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third parties. Find out more.Accept All CookiesManage Cookies X You can update your cookie preferences below * * Allow tracking cookies from Google Analytics * Allow tracking cookies from third party Ads Update OR Accept All Cookies X