Asia Market Outlook – Ocean
Varying reports in the media this month are suggesting a levelling out of rates may occur during 2018 for ocean freight from Asia.
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 firstname.lastname@example.org.
PLEASE FOLLOW US
Unrivalled Ocean Freight
Unparalleled choice and flexibility are synonymous with the UK’s leading Ocean Freight provider.
Our Singapore based distribution hub providing logistics services to the retail industry.
The number one choice for retail logistics and supply chain solutions.
Award Winning Airfreight
Our record breaking (five times) BIFA Airfreight Award winning team eagerly await your enquiries.
Premium European Services
The UK’s leading independent provides quality services to and from all major locations across Eastern and Western Europe.
The technologically advanced carrier built for 21st century supply chains.
Keep in Touch
Please subscribe to receive a monthly newsletter of our latest news and articles.
As part of our ongoing promotion of the new Felixstowe Mega DC we’re excited to reveal that an article by Warehouse & Transport Director David Barry is now running in Retail Week’s prestigious online feature “Christmas in July”.
The city of Zhengzhou – a major air and rail freight hub – has experienced record flooding since the weekend, with more heavy rain expected in the coming days.
Uniserve’s monthly market snapshot providing international freight, trade and supply chain insights and forecasts for the weeks ahead.