{"id":6989,"date":"2023-04-26T13:53:26","date_gmt":"2023-04-26T13:53:26","guid":{"rendered":"https:\/\/axxessintl.com\/carriers-put-the-frighteners-on-shippers-but-rates-uptick-just-a-blip\/"},"modified":"2023-04-26T15:01:32","modified_gmt":"2023-04-26T15:01:32","slug":"carriers-put-the-frighteners-on-shippers-but-rates-uptick-just-a-blip","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/carriers-put-the-frighteners-on-shippers-but-rates-uptick-just-a-blip\/","title":{"rendered":"Carriers put the frighteners on shippers, but rates uptick &#8216;just a blip&#8217;"},"content":{"rendered":"<p>The recent uptick in container spot rates is \u201ctransitory\u201d, according to maritime consultant Drewry, which remains \u201cunconvinced freight rates have bottomed-out\u201d and expects carrier losses.<!--more--><strong><br \/>\n<\/strong>\u201cWe are now anticipating that average global freight rates, a blend of spot and contract rates \u00a0across all trades, will drop 60% this year\u2026 and in our first forecast for rates in 2024, we are anticipating prices will fall again, with the sharpest correction being on east-west trades, where we expect rates will fall by 24%.\u201d<\/p>\n<p>The analyst predicts the impact on the bottom lines of carriers from the collapse in freight rates will be \u201cdramatic\u201d.\u00a0After record profits in the past two years, Drewry is forecasting an ebit of $16.5bn this year for the liner industry \u2013 supported by an overhang of expiring lucrative contracts. But, for 2024, it is modelling a cumulative $10m loss for carriers.<\/p>\n<p><strong>Read more in an article from <a href=\"https:\/\/theloadstar.com\/carriers-put-the-frighteners-on-shippers-but-rates-uptick-just-a-blip\/\">the Loadstar\u00a0<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent uptick in container spot rates is \u201ctransitory\u201d, according to maritime consultant Drewry, which remains \u201cunconvinced freight rates have bottomed-out\u201d and expects carrier losses.<\/p>\n","protected":false},"author":15,"featured_media":3139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[369],"types-de-nouvelles":[],"class_list":["post-6989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-drewry-en"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=6989"}],"version-history":[{"count":2,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6989\/revisions"}],"predecessor-version":[{"id":6999,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6989\/revisions\/6999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/3139"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=6989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=6989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=6989"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=6989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}