Shipping costs will continue to rise? Listen to experts how to analyze
- Author:Kyrie
- Source:Search network
- Release Date:2019-11-13
according toShenzhen Sunny Worldwide Logistics Co., Ltd.According to the latest news from the marketing department, in recent weeks, the spot price of major global trade containers has rebounded slightly, and Drewry, the world's leading shipping analyst, predicted that they will continue to rise.
It is worth noting that whether the freight will increase enough to support the additional cost of IMO 2020 is another matter.
It is worth noting that whether the freight will increase enough to support the additional cost of IMO 2020 is another matter.
The analyst firm said that market prices are recovering today and noted that the eight major trading regions on its World Container Index (WCI) have risen by $210 in the past two weeks.
Drewry said: "The market is not officially in the market today, but one thing is certain that it will not be as bad as it was when it opened this year."
“We believe that lower prices in the third quarter were the result of a easing of trade wars and the recovery of interest rate cuts by certain shipping companies,” Drury said.
The agency said that given the “astounding” volume of shipments during the peak season in the third quarter, the current increase in freight rates is unlikely to be due to strong demand, but rather because supply changes are driving upward momentum.
Indeed, Alphaliner reported last week that the idle container fleet has “expanded” to 1.12 million TEUs, accounting for nearly 5% of the global fleet.
However, the idleness of this is about 858,000 teu, which was idle due to the renovation of the scrubber that catered to the new IMO low sulfur regulations that came into effect on January 1, 2020.
Peter Curtis, executive vice president and chief technology officer of container ship owner Seaspan, said that due to the fact that most of the lower-priced orders and washer reforms will be carried out next year, he expects future supply. Will stay nervous.
Despite this, Drewry is actively warning the freight outlook: "The measure of freight pricing will be whether the freight rate rises enough to cover the extra cost."
Drewry said: "The market is not officially in the market today, but one thing is certain that it will not be as bad as it was when it opened this year."
“We believe that lower prices in the third quarter were the result of a easing of trade wars and the recovery of interest rate cuts by certain shipping companies,” Drury said.
The agency said that given the “astounding” volume of shipments during the peak season in the third quarter, the current increase in freight rates is unlikely to be due to strong demand, but rather because supply changes are driving upward momentum.
Indeed, Alphaliner reported last week that the idle container fleet has “expanded” to 1.12 million TEUs, accounting for nearly 5% of the global fleet.
However, the idleness of this is about 858,000 teu, which was idle due to the renovation of the scrubber that catered to the new IMO low sulfur regulations that came into effect on January 1, 2020.
Peter Curtis, executive vice president and chief technology officer of container ship owner Seaspan, said that due to the fact that most of the lower-priced orders and washer reforms will be carried out next year, he expects future supply. Will stay nervous.
Despite this, Drewry is actively warning the freight outlook: "The measure of freight pricing will be whether the freight rate rises enough to cover the extra cost."
For international shipping, air and express delivery, please contact Kyrie: