Global container traffic may experience the worst performance since 2009
- Author:Dreamy F
- Source:www.china-disposable.com
- Release on:2016-09-30
According to the Wall Street Journal reported that this year's global container volume may be flat, will be the 2009 financial crisis since the worst performance of the container transport industry, it will inevitably lead to troubled shipping industry more bankruptcy and potential mergers and acquisitions.
Freight prices fell container market losses. The benchmark ASEM trade tariffs fell 20% to $ 767 per container from the previous week. Freight is the most important source of income for shipping companies.
Since the beginning of the year, container freight rates have remained at well below the $ 1,000 level for most of the time. Industry insiders say that $ 1,400 or less are unsustainable.
This situation is difficult to improve short-term situation. The arrival of the Chinese Golden Week holiday in early October will mark the start of the off-season for container shipping, as many factories in China will cut production after the summer peak. Western importers will increase inventories in the summer to prepare for the end of the festival.
"The shipping industry has suffered the worst year since Lehman failed, and demand is close to zero," said Jonathan Roach, an analyst at London-based Braemar ACM Shipbroking. "Any attempt to raise freight rates is likely to fail."
In the second quarter, most of the world's 20 largest container shipping companies suffered heavy losses, with analysts expecting a total loss of $ 8 billion to $ 10 billion for the full year, including Maersk Line.
Until the end of this month, our company's export performance is nearly the same as last year.This year's international trading performance is not so good as our expect. However, we still have confidence in the last 3 month of this year. We are professional foreign trading company.And we are China surgical mask manufacturers,China disposable clothing manufacturers and China surgical gown manufacturer.
Freight prices fell container market losses. The benchmark ASEM trade tariffs fell 20% to $ 767 per container from the previous week. Freight is the most important source of income for shipping companies.
Since the beginning of the year, container freight rates have remained at well below the $ 1,000 level for most of the time. Industry insiders say that $ 1,400 or less are unsustainable.
This situation is difficult to improve short-term situation. The arrival of the Chinese Golden Week holiday in early October will mark the start of the off-season for container shipping, as many factories in China will cut production after the summer peak. Western importers will increase inventories in the summer to prepare for the end of the festival.
"The shipping industry has suffered the worst year since Lehman failed, and demand is close to zero," said Jonathan Roach, an analyst at London-based Braemar ACM Shipbroking. "Any attempt to raise freight rates is likely to fail."
In the second quarter, most of the world's 20 largest container shipping companies suffered heavy losses, with analysts expecting a total loss of $ 8 billion to $ 10 billion for the full year, including Maersk Line.
Until the end of this month, our company's export performance is nearly the same as last year.This year's international trading performance is not so good as our expect. However, we still have confidence in the last 3 month of this year. We are professional foreign trading company.And we are China surgical mask manufacturers,China disposable clothing manufacturers and China surgical gown manufacturer.
