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 dark side of the “Amazon effect” and larger impact made by the explosive growth in e-commerce may soon be seen when organized labor prepares for a massive air cargo strike.

During this webcast our panelist offer logistics and supply chain professionals a “reality check” when it comes to our current state of understanding, adoption, and utilization of the technological tools that are available to improve our operations.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Regardless of capacity, pricing, or the economy, trucking industry regulations are never far from the freight transportation limelight. That is especially evident when it comes to the federally mandated hours-of-service (HOS) regulations. As usual, the current state of HOS remains somewhat fluid. And the reason for that has to do with legislation coming from the Senate Transportation Appropriations legislation that is currently being considered by the Senate.

Article Topics

Blogs · Ocean Freight · Shipping · All topics

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA