The container shipping lines received an average rate 7% (42 USD) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015.
The freight rates managed to gain momentum through second half of 2016, due to measures taken from the shipping lines in terms of network optimisation, scrapping and more careful deployment around the peak season.
As the freight rates increased through second half of 2016, 2/3 of the trades on the SCFI closed 2016 at a higher rate than in 2015 and three trade routes hit the highest USD per TEU for a week 52 in more than five years, those where trades from Shanghai to Santos, Durban and Australia/New Zealand.
China Containerised Freight Index (CCFI) reflecting China’s nationwide export of containers, is showing a 19% drop from 2015 to 2016. The short-lived spikes in spot rates during H2 2016, is not included in the CCFI compared to the SCFI and thereby the CCFI achieves a higher negative growth in 2016.
The CCFI includes both spot and long-term rates based on the actual transactions within a two weeks periods, while the SCFI focuses on the average spot booking price for one week. By that, the CCFI reflects the real progress in container shipping rates on a short-term basis. Thereby, the CCFI convey the current tendency in the container freight development and the SCFI indicate the current market development.
Furthermore, the SCFI concentrates on export containers from Shanghai Port only, while the CCFI covers the 10 major ports in China.
BIMCO’s Chief Shipping Analyst Peter Sand comments:
Despite the average rate for 2016 is lower than 2015, 2016 might stand out for something positive, where the container shipping lines took some of the measures needed to adapt to the new normal, where the growth in demand is equal to the GDP.
The container shipping lines achieved a lower growth rate in supply higher than the demand growth for the first time since 2010, by using the tools they had at hand and consolidated, scrapped and postponed deliveries.
If the Trade-to-GDP-Multiplier stays at the current level and the International Monetary Fund is correct with their projection, the container shipping industry will be status quo in 2017 and the freight rates will most likely stay at the same level as last half of 2016. However, the container shipping lines will increasingly focus on reaping the benefits of consolidation and we will most certainly see their profits go up.
US earnings are the main driver for a lower average rate
The container shipping lines operating from Shanghai to Europe earned 66.56 USD more per TEU transported in 2016 compared to 2015. The average freight rate for Europe in 2016 was thereby the only of the major trade routes to surpass 2015 level.
For the US East Coast bound containers from Shanghai, the container shipping lines earned an average of 1,051.5 USD less per transported FEU in 2016 compared to 2015. It is the biggest decline in USD for any of the trades on the SCFI and as it weighs 20% in the index, similar to Europe, it is the main driver for a lower average freight rate in 2016 compared to 2015. For the containers exported to the US West Coast, the container shipping lines earned an average of 223.5 USD less per FEU in 2016.
Container freights rates in second half of 2016 does not revive intra-Asia
Container shipping lines operating trade routes from Shanghai to South Korea, Taiwan, Hong Kong and Singapore all achieved a lower average rate for 2016 compared to 2015. The four trades did not experience similar increases in the rates, as the main trades during H2 2016 and remained on par with the poor H1 2016 level.
With the mergers and newly established alliances entering into force and the supply side handled with care, the container shipping industry will hopefully see better profits and fleet utilisation.
Our most recent shipping market overview and outlook reports on related issues:
The shipping market in 2016 and looking forward
- demolition activity slowly but steadily grows…yet again
- container shipping: Severe overcapacity in the market and recently agreed contract rates
- lowest level of newbuilding contracts in 20 years
- substantial demolition of panamax containerships.
Source: Peter Sand, Chief Shipping Analyst; BIMCO
{ شركة فريت لينك للشحن شركة متخصصه فى الشحن الجوى والبحرى
والتخليص الجمرى للبضئع الوارده والمصدير من والى مصر شحن بحرى| شحن سيارات| شحن
سيارات خاصه| . لدينا اسعار متميزه للشحن الى جميع الموانىء العالميه وكذا الى
عواصم الدول الحبيسه التى لا تمتلك موانى بحريه . فريت لينك للشحن 11 طريق النصر
مدينة نصر القاهره. ت 20808000-20808001 - موبايل 01221616765 – 01001415210201221616765 - - info@frteg.com
- sales@frteg.com- www.frteg.com يسعدنا
اتصالكم للمشوره ولطلب اسعار الى المواني المختلفه - وندعم زيادة التصدير الى
افريقيا Freight
Link Egypt One of the best freight forwarding companies in Egypt offers Air
Ocean and Land Freight Services, Import Export Service for commercial and
person effects, Freight Link Main Office in Cairo and branch in Alexandria and corporate
offices in most of Egyptian ports and cities
}
#freightlink #freigh_link
#shippinh #freight #air_freight #Sea_freight
#ocean_freight #customs_broker
#inland_transport
شركات الشحن الدولى فى مصر - شركات النقل
البرى الدولى فى مصر - شركات الشحن فى مصر - shipping
companies in egypt - شركات الشحن الدولى فى مصر - شركات الشحن الدولى
بمصر - شركات الشحن الدولى فى الأسكندرية - شركات التخليص الجمركى فى مصر - شركات الشحن
الدولى فى مصر - شركات الشحن فى اسكندرية - شركات الشحن فى مطار القاهرة - شركات الشحن
الدولى فى مصر - شركات شحن السيارات فى مصر - شركة شحن جوى فى القاهرة - شركات شحن
دولى مصر - شركات النقل الدولى فى القاهرة - شركات الشحن الدولى بمصر - شركات الشحن
فى مصر - شركات شحن برى فى مصر - شركات نقل برى فى مصر - شركات الشحن الدولى فى مصر
- شركات الشحن الجوى فى مصر شركات الشحن الدولى فى مصر - شركات النقل البرى فى مصر
- شركات الشحن فى مصر - شركات نقل برى فى مصر - شركات الشحن فى مصر - شركات التخليص
الجمركى فى مصر االجوى فى مصر - air cargo- اسعار شركات الشحن
الدولى - شركات شحن دولى سيارات - شركات شحن السيارات من مصر الى السعودية - شركات
النقل الدولى بمصر - shipping companies in egypt - cargo
companies in egypt - egyptian cargo company - cargo companies in egypt - custms
clearance in egypt - freight companies in egypt - freight company in egypt -
egyptian shipping companies - egyptian cargo companies - شركات شحن برى فى مصر - شركة شحن فى القاهرة
- شركات الشحن البحرى فى مصر - شركات الشحن الجوى فى مصر - شركات نقل اثاث فى القاهرة
- شركات الشحن الدولى فى مصر - شركات الشحن فى مصر - شركات النقل الدولى فى مصر - شركات
الأستيراد فى مصر - شركات الأستيراد فى مصر - شركات التخليص الجمركى فى مصر - شركات
الشحن الدولى | شركات التخليص الجمركى | شركات الأستيراد فى مصر | شركات التصدير فى
مصر | egyptian shipping companies | www.frteg.com | Hamam@frteg.com
| info@frteg.com | sales@frteg.com | shipping companies | شركات الشحن الدولى
| شركات التخليص الجمركى | شركات الشحن فى مصر | شركات التخليص الجمركى فى مصر | egyptian shipping companies | shipping companies | شركات الشحن الدولى | اسعار شركات الشحن الدولى
| تصدير واستيراد لحساب الغير | الشحن الى افريقيا| الشحن الى غانا | الشحن الى
مومباسا | الشحن الى الكونغو | الشحن الى نيجيريا | الشحن الى توجو | اسعار الشحن
الى افريقيا | الشحن الى الجزائر | اسعار الرخام | تصدير رخام | افضل شركات الشحن الدولى | cargo airport | شركات التخليص الجمركى فى اسكندرية | egyptian shipping | Custom clearance in egypt | egyptian cargo airport - شركات الشحن البرى
فى مصر - شركات الشحن الدولى فى مصر - شركات التخليص الجمركى فى مصر - شركات الشحن
فى مصر - شركات التصدير في مصر www.frteg.com شركات الشحن
الجوى فى مصر - شركات النقل الجوى فى مصر - air cargo - شركات التخليص
الجمركى فى مصر - شركات الشحن الدولى فى مصر - شركات الشحن الدولى - شركات النقل البرى
فى مصر - شركات الشحن فى مصر - شركات شحن مصر - اسعار شركات الشحن فى مصر - شركات الشحن
- شركات الشحن فى مصر النقل البحرى و البرى - شركة شحن فى مصر - شركة شحن دولى فى مصر
شركة تصدير فى مصر افضل شركات الأستيراد فى مصر- www.frteg.com شركات الشحن
الدولى | شركات التخليص الجمركى | شركات الأستيراد فى مصر | شركات التصدير فى مصر
| egyptian shipping companies | shipping companies | شركات الشحن الدولى
| شركات التخليص الجمركى | شركات الشحن فى مصر | شركات التخليص الجمركى فى مصر | egyptian shipping companies | shipping companies | شركات الشحن الدولى | اسعار شركات الشحن الدولى
| افضل شركات الشحن الدولى | cargo airport | شركات التخليص
الجمركى فى اسكندرية | egyptian shipping | Custom clearance
in egypt | egyptian cargo airport - شركات الشحن البرى فى مصر - شركات الشحن الدولى
فى مصر - شركات التخليص الجمركى فى مصر - نوفر افضل اسعار شركات الشحن الدولى فى مصر
- شحن جوى و شحن بحرى و نقل دولى - خدمات استيراد متكاملة - استيراد بالعموله - تصدير
بالعموله - buying agent - freight forwarders company in
egypt - egypt logistics
