Peter Sand

Peter Sand joined Xeneta in 2021, as the Chief Analyst. Heading a team that delivers expert insights on container shipping and air cargo industries – from a logistics perspective. Focus on the essential drivers, demand and supply – an obviously the freight rates that impacts us all. Sand joined Xeneta after over a decade at BIMCO, where he was responsible for analysing commercial markets based on the global economic situation and its influence on trade. Prior to Sand’s Chief Shipping Analyst role at BIMCO, he worked with D/S NORDEN, a Danish shipping company operating in the dry cargo and tanker segments worldwide, as a Senior Analyst. Throughout his career, Sand has been regarded for his widely read articles and industry insights, as well as his regular appearances on global news networks such as CNN, BBC, CNBC and Bloomberg. He holds a Master’s in Economics from the University of Copenhagen. Eager to share insights, Sand is also: A widely used keynote speaker at shipping industry events. Setting the scene, with his perspectives on the global industry today and in future. A former teacher of Maritime Economics at the Danish Shipping Academy as well as guest lecturer at Copenhagen Business School – Blue MBA and Shipping bachelor.

Huge Increase in Blanked Container Sailings

  • Blanked sailings from Asia to West Coast USA 6x higher than same time in 2019.
  • This illustrates the level of weak demand for goods worldwide.
  • This could be a bad omen for the container industry in the year ahead.
Peter Sand

Peter Sand

1 year ago

3 min read

Xeneta Ocean Freight Deep Dive

  • Freight rates continue to fall.
  • Many shippers are reluctant to book long-term contracts in case the market drops further.
  • Fleet overcapacity will remain in 2023 and 2024.
Peter Sand

Peter Sand

1 year ago

14 min read

Spot Container Rates Far Cheaper than Long-Term Rates

  • Spot container rates have collapsed since early summer.
  • Shippers with flexible logistics strategies can benefit from this.
  • Those locked into longer-term contracts find themselves paying more.
Peter Sand

Peter Sand

1 year ago

3 min read

Container Rates from Far East Continue to Fall

  • Rates from East Asia to Europe and North America are still declining.
  • They are now 60% below levels in July.
  • The US East Coast remains a little congested.
Peter Sand

Peter Sand

1 year ago

2 min read

Xeneta Container Update: UK/Europe Differential Narrows

  • The spread in rates between Asia-UK and Asia-Europe is narrowing.
  • The average spot rate for containers from Asia to UK is less than half Jan 2022’s rate.
  • However, Felixstowe port is being hit by strikes.
Peter Sand

Peter Sand

2 years ago

2 min read

Capacity And Blank Sailing: Far East to the US West Coast

  • Container lines have been reducing capacity in response to lower demand.
  • However, it looks like demand has fallen by more than capacity has reduced.
  • Carriers are therefore increasing the number of blank sailings as spot rates collapse.
Peter Sand

Peter Sand

2 years ago

2 min read

Xeneta Container Rate Update

  • Huge differences in spot freight rates on major trade lanes from a year ago.
  • One is up by $3.5k per FEU while another one is down by $4.5k.
  • We look at which lanes have seen the biggest swings.
Peter Sand

Peter Sand

2 years ago

2 min read

Spot Container Rates Fall but Still High

  • Spot rates and premium surcharges fall in many container shipping trades.  
  • Capacity allocations are becoming easier, carriers are starting to adjust to no longer being omnipotent. 
  • Freight rates are still high, congestion and delays continue on several major routes.   
Peter Sand

Peter Sand

2 years ago

2 min read