Container Daily Report

SCFI		Spot Price		Monthly Average						15-May-2015
NWE/TEU/20ft		658		760
USWC/FEU/40ft		1519		1583
Opening FFA Prices
	NWE					USWC
	(TEU)					(FEU)
	Bid		Offer	Mid		Bid		Offer	Mid
May-15	575	/	700	640		1,500	/	1,625	1,565
Jun-15	650	/	775	715		1,650	/	1,750	1,700
Jul-15	725	/	825	775		1,700	/	1,800	1,750
May-Dec	725	/	925	825		1,700	/	1,850	1,775
Q3-15	800	/	1,000	900		1,750	/	1,900	1,825
Q4-15	750	/	925	840		1,775	/	1,925	1,850
Q1-16	950	/	1,100	1,025		2,000	/	2,100	2,050
Q2-16	900	/	1,100	1,000		1,925	/	2,025	1,975
Q3-16	1,000	/	1,150	1,075		2,000	/	2,100	2,050
Cal16	850	/	1,025	940		1,775	/	1,950	1,865
SCFI (as of 15th May)
(20ft or 40ft)
NWE	-203	/	$      658	(TEU)
MED	-227	/	$      776	(TEU)
USWC	-128	/	$   1,519	(FEU)
USEC	-95	/	$   3,215	(FEU)
World Container Index (as of 14th May)
(40ft)
Shanghai-Rotterdam			1,028	$ 1,698
Shanghai-Los Angeles			-77	$ 1,628
Rotterdam-Shanghai			0	$    760
Genoa-Shanghai			0	$    632
Los Angeles-Shanghai			13	$    701
Los Angeles-Rotterdam			1	$ 3,216
New York-Rotterdam			0	$ 1,179
LATEST CONTAINER FFA INTERESTS
May has declined sligthly to $575/$700. June has a premium to May due to recentely announced GRI's. Cal 16 interest has dropped to $850/1000
TODAY's CONTAINER NEWS
PR News Service has reported another host of GRI’s on the Asia-North Europe trade, effective June 1st. MSC will look to increase rates by USD 800 per TEU and USD 1,600 per FEU, whilst Evergreen will implement a GRI of USD 950 per TEU and USD 1,900 per FEU. Finally K-Line will look to increase its rates by USD 1,000 per TEU and USD 2,000 per FEU. Neptune Orient Lines has reported a net loss of USD 11m in the first quarter of 2015, down from the USD 98m loss reported during the same period last year. Volumes for its container business fell 15 percent to 667,000 FEU, mainly due to planned capacity cuts in unprofitable trade routes and as a result of the US west coast port congestion. APL’s average freight rate dropped 8 percent in the quarter, although cost of sales per FEU also declined 8 percent during the three months. Cosco Pacific has indicated that it has seen no signs of a pick-up in the container leasing market, as oversupply continues to damage the liner industry. According to executive director Feng Jinhua, box leasing rates have been declining since 2012 and have remained depressed this year. Mr Feng expressed concern of the persistent weak market in the container shipping trade, where low freight rates are prevailing due to growing overcapacity. As a result some companies have started to shift their focus to second-hand containers, either by leasing or buying them on their own.  German ship finance bank HSH Nordbank is to collaborate with Korea Eximbank on projects involving finance for Korean and international shipping companies, export finance, loan syndication and refinancing. The joint work could also be extended into the areas of maritime logistics, infrastructure and equipment. The move follows a memorandum of understanding signed in Hamburg this week between the cities of Hamburg and Busan in South Korea, in which the two major ports agreed to work together on maritime, logistics and trade matters. Sources: Lloyds List, PR News Service,  Shanghai Shipping Exchange, World Container Index.
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