Subscribe to our free, weekly email newsletter!



Ocean cargo concerns

image

The Container Forecaster (formerly the Drewry Container Market Quarterly) aims to provide liner shipping participants, investors and observers with a comprehensive analysis and forecast of both global demand and supply.

By Patrick Burnson, Executive Editor
July 07, 2010

While shippers may be heartened to hear that fewer ocean cargo vessels are being scrapped, and newbuildings are ramping up, some analysts are beginning to doubt if demand will sustain growth.

The good news released recently by Alphaliner about more carrier activity has been countered by Drewry Shipping Consultants’ latest Container Forecaster, which posits the idea that a “peak season” may fail to materialize.

“By no means do we see a precipitous fall, but there will be an impact,” said Neil Dekker, editor of the quarterly Container Forecaster. “The danger of a weaker recovery has been concealed by the fact that ocean carriers believe they have entered a real recovery phase.”

Furthermore, warns Dekker,  there is every possibility that utilization factors will decline, “which in turn will have a knock-on effect on freight rates.”

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Port of Oakland has undertaken a series of measures in recent years to attract more import volume.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.

NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.

This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.

BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.

Article Topics

Blogs · Ocean Freight · Shipping · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA