Industry News

Container shipping freight rates next year rally has spectrum

Publish: 2016-06-04  Views: 1032
Pan Pacific Transpacific Stabilization Agreement (TSA) announced that next year in May at the annual North American freight line about when to change out rally in the United States to Hong Kong route annual tariff lines to the US West Port, $ 400 per FEU hike , AM nearly 2 percent; and higher costs, the need to transfer into other domestic transport routes and other eastern US, it rose to $ 600 per FEU, AM have from 1 to 5.


TSA noted that the main factor in the annual hike is optimistic about Air shipments next year demand will grow nearly 1 percent, contrast, demand for container ship supply growth will be smaller than this one margin, the market is still showing approximate shortage situation. TSA members include leading global container shipowner Maersk and other 14 operating offshore route.


Recently, the party announced that Maersk January next year, will focus on China - at transport operation of the Lunar New Year Peak Season Surcharge North American market. Market participants said the market is relatively light in Maersk in the first quarter, have Peak Season Surcharge bound by shippers and freight Contractors resistance, high degree of difficulty, which declared "the market is still" meaning greater than the charge of meaningful; relatively speaking, TSA announced in May next year to adjust the flight about price movements, by this positive atmosphere of support prices higher degree of success.


Market participants pointed out, TSA has routinely announce changes every year before the end of next year about changing tariffs, according to this adjustment, the market for a second season next year view, three quarters is not bad, in January and February under the contract, there are starting to talk about the status of the owner to maintain confidence in the success of price increases.


The market is generally believed that, if the United States next year in May contract tariff lines can really follow the TSA full hike plan, include Evergreen, Yang Ming and other domestic owners, have a chance to profit next year to maintain a high level this year.


In fact, this year's third quarter profit of container shipowner Great Leap Forward, much of the success is attributed to hike in May when the US contract freight line, and in the peak season in July to continue levying surcharges, including Maersk, APL, Evergreen and domestic China Cosco, Yangming and other shipowners emerged in the third quarter of the first half to earn win situation.


In the fourth quarter of this situation, due to the position in the off-season cycle of container shipping, the owner more conservative attitude towards itself, especially since the release of transport capacity from September greater than the market demand, resulting in pressure on freight rates, the spot price of the transaction costs fell on the edge position; market participants said that in this point in time about changing tariffs announced hike next year, taking into account also hope to bring support to the December tariff force, and as long as the owner can control the operation properly, Do not have bargain goods competing situation, successful price increases can be expected.


For the recent changes in the container shipping market, Citigroup Global Securities also issued research reports that the next year to increase the overall transport capacity is limited, not to be pessimistic outlook, but more due to the shipyard to the year after the flight positions are booked, there are optimistic about the year after shipping a higher level of opportunity and looking forward to constructive.