{"id":1728,"date":"2022-11-07T00:00:54","date_gmt":"2022-11-06T16:00:54","guid":{"rendered":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/?p=1728"},"modified":"2022-11-29T10:00:21","modified_gmt":"2022-11-29T02:00:21","slug":"freight-market-update-august-24-2022","status":"publish","type":"post","link":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/freight-market-update-august-24-2022\/","title":{"rendered":"Market Update for Week 33 (Aug 14\u2013 Aug 20, 2022)"},"content":{"rendered":"<p><strong>Ocean Freight Market<\/strong><\/p>\n<p><strong>Carriers Market Capitalizations Rise<\/strong><\/p>\n<ul>\n<li>Maersk Group: the Danish company has seen its stock rise nearly 20% since July, It is currently around 20% off its 52-week high logged in January. JP Morgan raised its rating on the company to \u201cbuy\u201d on July 1 setting a target price of DKK 30,800.<\/li>\n<li>Hapag-Lloyd: Stock bottomed out in the first week of July and has risen around 40% since then though its stock is closely traded, distorting results. It is around 25% off 52-week highs, though Goldman Sachs and JP Morgan both maintain a sell rating.<\/li>\n<li>Evergreen Marine: The sixth largest carrier saw a rebound at the start of July and is up 20% over the past month though, like other Asian carriers, its shares remain significantly down from highs, at 45% below its March 52-week peak.<\/li>\n<li>ZIM: Shares have also rebounded since the first week of July, though it has risen by a more modest 15% over the past month. Jefferies initiated coverage on 21 July with a \u2018hold\u2019 rating with a USD 55 target price.<\/li>\n<li>ONE: It posted a net profit of US$5.5 billion for the 2nd quarter with revenue rose 56% on a year ago, 7% vs 1st quarter to a total of US$ 9.02 billion.<\/li>\n<\/ul>\n<p><strong>New Service Adjustment by the Alliance<\/strong><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-2104\" src=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_1-300x81.jpg\" alt=\"\" width=\"708\" height=\"191\" srcset=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_1-300x81.jpg 300w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_1-1024x276.jpg 1024w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_1-768x207.jpg 768w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_1-18x5.jpg 18w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_1.jpg 1071w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><\/strong><\/p>\n<ul>\n<li>On the Transpacific Southwest &#8216;PS7&#8217; of THE Alliance, ONE will (at least for now) act as the sole vessel operator and provide all of the service\u2019s eight 14,000 teu ships.<\/li>\n<li>The first &#8216;PS7&#8217; sailing from Singapore on 15\/July under ONE\u2019s 14,026 teu ONE EAGLE with full rotation includes calls at Singapore, Laem Chabang, Cai Mep, Hong Kong, Yantian, Long Beach, Hong Kong, Singapore, also calling Oakland (served after Long Beach), but the port is being skipped for the time being (until November).<\/li>\n<li>A first sailing was offered from Laem Chabang on 15\/July with the 14,220 teu YM WISDOM. Due to vessel delays, the second &#8216;FE5&#8217; sailing is only deported on 2\/Aug with the YM WELLSPRING.<\/li>\n<\/ul>\n<p><strong>Port Update<\/strong><\/p>\n<ul>\n<li>Port, vessel waiting time and dwell time<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-2105\" src=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_2-300x132.jpg\" alt=\"\" width=\"659\" height=\"290\" srcset=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_2-300x132.jpg 300w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_2-18x8.jpg 18w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_2.jpg 734w\" sizes=\"auto, (max-width: 659px) 100vw, 659px\" \/><\/p>\n<ul>\n<li>Canada Rail Backlog<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-2108\" src=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_3-300x63.jpg\" alt=\"\" width=\"638\" height=\"134\" srcset=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_3-300x63.jpg 300w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_3-18x4.jpg 18w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MU_wk33_3.jpg 741w\" sizes=\"auto, (max-width: 638px) 100vw, 638px\" \/><\/p>\n<p><strong>Blank Sailing<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-2112\" src=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MPwk33_5-300x165.png\" alt=\"\" width=\"834\" height=\"459\" srcset=\"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MPwk33_5-300x165.png 300w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MPwk33_5-1024x564.png 1024w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MPwk33_5-768x423.png 768w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MPwk33_5-18x10.png 18w, http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-content\/uploads\/2022\/11\/MPwk33_5.png 1219w\" sizes=\"auto, (max-width: 834px) 100vw, 834px\" \/><\/p>\n<p>\u00a0<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ocean Freight Market Carriers Market Capitalizations Rise Maersk Group: the Danish company has seen its stock rise nearly 20% since July, It is currently around 20% off its 52-week high logged in January. JP Morgan raised its rating on the company to \u201cbuy\u201d on July 1 setting a target price of DKK 30,800. Hapag-Lloyd: Stock &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-1728","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/1728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/comments?post=1728"}],"version-history":[{"count":4,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/1728\/revisions"}],"predecessor-version":[{"id":2113,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/1728\/revisions\/2113"}],"wp:attachment":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/media?parent=1728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/categories?post=1728"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/tags?post=1728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}