CMA CGM adds another fire! Crazy shipping market…

Sunny Worldwide LogisticsIt is a company with more than 20 years of transportation experience, specializing in Europe, the United States, Canada, Southeast Asia, Australia and other markets. It is more of a cargo owner than a cargo owner~

Recently, shipping giants have been active in the charter market and have chartered ships at high prices to earn profits from high freight rates.

For example: Orient Overseas OOCL rented the Lady Jane (IMO 9297474) with a capacity of 5,042 TEU at US,000/day; COSCO Shipping rented the Navios Magnolia (IMO) with a capacity of 4,730 TEU at US,500/day. 9332250)……

At this rental level, in order to compete for speed in this hot market, CMA CGM rented a ship named Kota Callao (IMO 9967512) at a sky-high price of US5,000 per day. ,The container ship with a capacity of 7,092 TEUs is chartered from June to September this year, a total of three months, the ship owner is rumored to be Dexiang Shipping.

This rental level is regarded by the industry as returning to the US0,000 level for the first time since 2022, showing the madness of the shipping market.

The daily rent of container ships has exceeded 6 figures, and has been sought after by all industries and outside the capital market. Based on this sky-high renting incident, some media and analysis institutions have boldly shouted the slogan that ocean freight will soon exceed X million.

Analysts at Clarksons Research point out that shipowners are considering using very short charter periods and significantly increasing charter rates to take advantage of current market conditions.Spot freight rates are at highs never experienced except during the pandemic.

In order to seize the short-term market, CMA CGM, through such a bold transaction involving a large amount of money and many people, lit a fire and poured a barrel of oil into the current crazy global shipping market!

The industry’s interpretation of CMA CGM’s waving behavior includes the following points:

By renting ships at high rents and short lease periods, they intend to seize market opportunities and earn high profits. CMA CGM's move is seen as a reflection of optimism about the market over the next three months.

According to statistics from Alphliner, large shipping companies such as Maersk, CMA CGM, and COSCO Shipping haveOver 300 charter boats, these ships have become an important resource for them to respond flexibly to market fluctuations.

• Small and medium-sized ships return to long-distance routes to earn high freight rates:

Not only large shipping companies, manySmall and medium-sized shipping companiesThey also saw market opportunities and returned to long-distance routes to earn high freight rates.

For example,SealeadIt is planned to open direct routes from mainland China and South Korea to the Western United States, andboya shippingThe route from mainland China to South America and Mexico has been restarted. These companies have put into operation 1,800TEU ships, showing a positive response to market demand.

This shows that the prosperity of the global shipping market is attracting more shipping companies of different types and sizes to compete.

In order to meet the growing transportation demand, shipping companies are adding new routes and need more ships to support them. Large shipping companies alsoAdd new routes on high-freight US-Europe routes to expand market share.

According to insiders in the freight forwarding industry, CMA CGM has invested in seven medium-sized ships of 7,000TEU to open up new Asia-Europe routes. fromJune 30 to early September, departing from China every two weeks, alternating to destinations in Northern Europe (Le Havre, Antwerp) and the Mediterranean (Fos-sur-Mer, Malta).

This route is called the "peak season additional route" in the industry and is a new European route - FPS (RENCH PEAK SERVICE)

also,mediterranean shippingIt also restarted a route from East Asia to the West America in early July; andCOSCO ShippingIt plans to launch an America-West Express Line, calling at ports such as Kaohsiung and Xiamen.

In addition to spending high prices to rent ships, CMA CGM recently also plans to spend huge sums of money to order new ships!

It is reported that CMA CGM plans to spend US.5 billion to order 20 container ships from South Korea's Hyundai Heavy Industries Group (HD Hyundai). This order will further expand the scale of CMA CGM's huge fleet.

Industry sources revealed that the batch of ships CMA CGM plans to order include 12 16,000 TEU and eight 8,000 TEU container ships, all of which will use LNG dual-fuel engines.

It is estimated that CMA CGM will pay approximately US0 million per large container ship and approximately US0 million per vessel for an 8,000TEU container ship.The new order has a new shipping capacity of 256,000TEU.

It is expected that these ships will be delivered between 2027 and 2028. With the transportation capacity of this order, the CMA CGM Group currently controls the total transportation capacity the order capacity on handIt will surpass Maersk Group and become the world's second largest liner company (5034564TEU).