Container rates/Loan officer survey/A few notable company comments

I haven't discussed shipping rates for a few weeks but will today as I forgot to mention what Maersk said yesterday and has been in the news recently. "The risk zone has expanded, and attacks are reaching further offshore...This has forced our vessels to lengthen their journey further, resulting in additional time and costs to get your cargo to its destination for the time being" said the company. Over the past two weeks container shipping rates for the Shanghai to Rotterdam trip has rebounded by $114 after 12 weeks of declines following the January spike. The Shanghai to LA route has continued to fall but the drop in the week ended 5/2 was the smallest since mid February. 

World Container Index Shanghai to Rotterdam

Shanghai to LA

Here were the notable comments from the Fed's Senior Loan Officer Survey for April:

"Regarding loans to businesses, survey respondents reported, on balance, tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the first quarter. Meanwhile, banks reported tighter standards and weaker demand for all commercial real estate (CRE) loan categories."