Back-haul Demand Continues Trending Down

1 Hour(s) Ago    👁 34
backhaul demand continues trending down

The uptake of space availability on back-haul sailings is around 50 after dropping below 40 for the first time in August, Sea-Intelligence reports.

According to the Danish maritime data analysis platform, back-haul cargo has been in decline for three consecutive months, slipping to a record low of 36.6 in August.

CEO Alan Murphy pointed out that it confirmed what had been suspected for a while that global trade imbalances were worse now than they were during the coronavirus pandemic.

He said the five top deep-sea carriers had all recorded a significant drop in space allocation since markets reopened from Covid-19 lockdowns.

Sea-Intelligence predicts that, due to loss-making resulting from back-haul dynamics, shippers could expect a rate increase for head-haul shipments.

It is also mooted that back-haul rates could increase due to vessels carrying below-capacity container loads.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free. Subscribe to receive print copies of Freight News Features to your door.