Asia Market Outlook – Ocean

Feb 7, 2018 | Industry News

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 info@ugroup.co.uk.

 

PLEASE FOLLOW US

FOLLOW US

Unrivalled Ocean Freight

Unparalleled choice and flexibility are synonymous with the UK’s leading Ocean Freight provider.

Uniserve EGDC

Our Singapore based distribution hub providing logistics services to the retail industry.

Uniserve Retail

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.

UniOcean Lines

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.

More News…..

Uniserve Confirm Supply Chain Degree

Uniserve Group are very proud to announce that the Degree Apprenticeship in supply chain leadership has now been approved by the 'Institute for Apprenticeships', and will be deliverable by the middle of this year. Uniserve, supported by the Supply Chain Academy and...

Supply Chain Podcast #1

Uniserve Group member - the Supply Chain Academy - have just launched their first in a new series of podcasts, where they will be regularly talking ‘all things supply chain’ with industry experts and leaders, including their own faculty members. Hosted by Supply Chain...

Be Lucky This Chinese New Year

With Chinese New Year upon us, tradition will see many of Asia's people considering their chances of a prosperous year ahead, and maximising the chance of one that is full of good fortune. This year's Spring Festival begins Friday, when the current Year of the Rooster...

Share This

Please Share This Article

It only takes a couple of clicks and it would be greatly appreciated! Many Thanks