Asia Market Outlook – Ocean
We have summarised some of the observations being reported.
The capacity outlook had previously revealed an industry facing an over-supply in capacity as huge numbers of mega-ships had been scheduled to come online in 2018 and 2019.
The picture has reportedly changed, since COSCO Shipping — the carrier with the largest order book — announced it was deferring the launch of 10 ships from 2018 to 2019. Yang Ming have also announced that it will defer three ships that were also scheduled for 2018 delivery.
Although larger ships have recently been committed to the market, container volume forecasts are reasonably positive. Recent reports suggest that supply versus demand may well be evenly matched, with overcapacity now forecasted to decrease, not increase, through to 2020.
Taking this into consideration, reports are suggesting that rate levels will be fairly consistent through to late 2018, albeit with possible spikes either side of Chinese New Year.
As always, the Uniserve team will be monitoring the situation closely and we will keep you aware of any developments.
For further information on the above, or to find out more about how Uniserve can add leverage to your supply chain, then please contact your local Uniserve representative, or email info@ugroup.co.uk.
PLEASE FOLLOW US
FOLLOW US
Unrivalled Ocean Freight
Uniserve EGDC
Uniserve Retail
Award Winning Airfreight
Premium European Services
UniOcean Lines
Keep in Touch
Uniserve and Meaco enter long-term partnership
Uniserve, the UK’s largest privately owned logistics and global trade management provider, has been awarded a long-term logistics contract with Meaco, a British company, founded in 1991, specialising in air treatment and humidity control products and solutions. Meaco...
Red Sea Disruption Update
Red Sea crisis update: New attacks in the Gulf of Aden and Indian Ocean end 2-week streak of no reported attacks on merchant shipping by Houthis. On Wednesday 24th April, US forces shot down an anti-ship ballistic missile targeting the “MSC Darwin VI”. MSC’s schedule...
Uniserve commits to a second year of the Sustainable Aviation Fuel (SAF) Programme
We are pleased to announce the extension of our support of the Air France KLM Martinair Cargo (AFKLMP Cargo) Sustainable Aviation Fuel (SAF) programme.Following a successful first year of supporting the SAF programme, which contributes to the development and creation...