This vital sectorof the shipping market is set to become more important still, withcontainer traffic historically having grown at an averagerate around three times faster than the dry cargo and tankertrades.Our role is to service the needs of the world's major shippinglines and of the container ship owning companies, broking dealsthat enable both to operate and build the businesses that in turnmeet the needs of the increasing global demand for goods. From home electronics and car parts to foodstuffs, textiles,chemicals and bulk commodities such as scrap metal, they cross theoceans on vast vessels - the next generation of which will bealmost 400 metres long, over 50 metres wide and be capable ofcarrying 18,000 individual containers.Container shipping covers all global trades: from smallinter-regional feeder routes to major trades such as those betweenAsia and Europe and Asia and the USA. So, in a way, diversification of trade blocks to diversify the supply chain risks.Most of the products that satisfy global consumer demand aretransported in the multi-coloured branded containers familiar to usall. Supply chain routes and transhipment lanes are being reimagined to build resilience and to lower the reliance on bigger trade blocks. This is because there will be an uptick in more complex networks with more stops and longer turnaround times. We do foresee a gradual increase in demand for smaller vessels meant for smaller trade networks. To sum up, I think the consumer demand (and eventually presumable unprecedented container demand) wasn't the biggest driver of the destabilization of market, but it was rather a sort of supply shock and that there were just not enough boxes to go around and because they took longer to move from A to B.6 Clarksons Research, Container Intelligence Monthly, Volume 22 No 7, July 2020. Depots in Rotterdam are also quite full, followed by Hamburg (but less flagrant than Rotterdam). MPC CONTAINER SHIPS ASA FINANCIAL REPORT H1 2020 2 CONTENTS. It has become particularly challenging to find open depots and moving units in Shanghai. If we look at the west, there is major congestion in Los Angeles and Houston.There will likely be a jump in containers in the transpacific, driving higher utilization of vessels on the route and a jump in spot rates. However, after two months of lockdown in China, container prices remain low there. May was the first month the average price of containers grew month on month, and with an average of 5.4%, jumping from $2,207 to $2,330. A new report from Container xChange shows that container prices are finally on the rise, and in a big way.
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