Esgian Shipping RoRo and MPP Market Reports for December 2024
We’re excited to share the latest insights from our December 2024 RoRo and MPP Market Reports. Discover the key trends and developments that shaped the RoRo and MPP segments in December 2024.
RoRo December 2024 highlights
- Market cooling: After peaking at over $120K/day in late 2023, time-charter rates for large PCTCs have cooled off, now 35-40% lower but still 4x pre-COVID levels.
- Chinese operators’ growth: CM RoRo’s fleet made notable strides with 156 port calls in Q4, up 3% from the previous quarter. COSCO’s activity surged with a 42% increase in port calls.
- Port dynamics: December saw a 3.6% rise in port calls and a slight increase in average port time to 1.01 days globally, hinting at more congested docks due to higher volumes.
- Waiting times decrease: Global port waiting times saw a promising reduction, falling 7% to 888.6 days in December, alongside a marginal rise in vessel traffic.
- Regional spotlight: The West Coast of Africa saw a robust 26.9% increase in port calls in 2024 compared to 2023, driven by key players like Grimaldi, Wallenius Wilhelmsen, and MOL.
MPP December 2024 highlights
- Southeast Asia to Far East trends: NYK Bulk & Projects and Chipolbrok sustained a solid market presence with fewer sailings, hinting at a niche strategy or steady demand.
- Transpacific trade insights: US-to-FE: Higher cargo density on shipments from the US East Coast to the Far East, with stable voyage numbers but a drop in October.
- Transatlantic trade insights: EU-to-US: Despite fewer voyages, this route showed consistently heavier loads, reflected in higher draught percentages.
- Waiting times decrease: Global deep-sea port waiting times decreased by 15%, suggesting enhanced operational efficiency or reduced cargo loads.
Explore the full details and market insights in our comprehensive report! This report is exclusively available to our clients. Please contact us with any inquiries at shipping@esgian.com. For more updates and insights, follow us on LinkedIn.
