Freightgate Message Boards Freightgate Message Boards
Combination View Flat View Tree View
Threads [ Previous | Next ]
Falling Ocean Rates in 2018 - oversupply in ocean shipping is overwhelming
Signs Point to Falling Ocean Rates in 2018
Oversupply Could Jeopardize 2017’s Recovery in Rates

Recent article in global Trade Magazine http://www.globaltrademag.com/global-logistics/signs-point-falling-ocean-rates-2018 says

International ocean freight rates climbed for most of 2017, but that trend may be reversed this year. Maersk Line said in an interview with TT News that the perennial issue of oversupply in ocean shipping is overwhelming demand.

The International Monetary Fund forecasts that growth in world trade volume will slow to four percent in 2018 from 4.2 percent last year, still higher than the seven-year low of 2.4 percent seen in 2016. US protectionism and China’s efforts to rebalance its economy away from exports remain risk factors for world trade growth.

Drewry Shipping Consultants expects the container-shipping freight growth rate to drop to less than 10 percent in 2018 from 15 percent in 2017 thanks to the continuing supply glut. CMA CGM, the third largest container shipping company, signaled lower rates for 2018 in early negotiations of Asia-Europe contracts, according to analysts at Credit Suisse Group AG. Meanwhile, Fitch Ratings reports it expects the supply of shipping containers to grow more than 5.5 percent in 2018, considerable more than the 4.5 percent expansion in demand.
Flag Flag

LOGISTICS COMMUNITY FORUM

Logistics Community Forum for the discussion of freight, logistics, and Supply Chain topics covering: Logistics, Supply Chain Management, Transport, Security Compliance, Software and Global Logistics News with members participating from all over the World. We encourage the exchange of information and ideas, and provide message boards for people involved with freight, logistics and supply management including shippers, importers, exporters, logistics providers, carriers, and supply chain managers to discussion your insights and opinions.

Logistics Community Forum is exclusively for professionals in involved with freight, logistics and supply management including shippers, importers, exporters, logistics providers, carriers, and supply chain management.
Create your personalized profile and start networking with global logistics professionals.

Logistics Announcements - Logistics Articles - Supply Chain Articles - Press Releases - News
Email your logistics announcements, logistics articles and logistics press releases to: Logistics Blog info@logisticsportal.net  or call us at:  1+ (657) 215-1833

SELECT SECTION:  Logistics Announcements  Logistics Articles  Supply Chain Articles  Press Releases  Freight & Logistics News

 
 JOIN THE LOGISTICS PORTAL FORUM - It's absolutely FREE!

Create Your Profile with World's Largest Logistics Network - CLICK HERE

Get the latest Freight, Logistics, and Supply Chain Industry News:
Visit the News section!