Maersk: Container shipping demand will remain strong in the fourth quarter
Maersk recently carried out the latest outlook for the container market, which believes that despite the impact of the Red Sea crisis, the threat of strikes in the eastern port of the United States and other factors, the current global container market supply and demand are more balanced.
Thanks to strong import demand in North and Latin America and high exports from the Far East, Maersk expects container transport demand to remain strong in the fourth quarter of this year.
Data show that in the second quarter of this year, the global container cargo volume increased by 6.6%, of which the import volume of North America and Latin America increased by 10.5% and 15.6%, respectively, and the cargo volume of the Asian regional routes also maintained the growth momentum, an increase of 9.6%. In addition, the volume of exports from the Far East increased by 8.6%.
Previously, when looking at the market trend, Wan Hai Shipping predicted that with the arrival of traditional holiday stocking demand in Europe and the United States, the volume of goods will continue to grow in the third quarter of this year. At the same time, the fourth quarter of the Asian regional routes will enter the traditional peak season, Wan Hai shipping is optimistic about the consumer demand of the Asian middle class, is expected to promote the growth of fresh e-commerce goods.
However, recently, the freight market continued to fall, the Shanghai Shipping Exchange released the Shanghai export container comprehensive freight index (SCFI), has fallen for 10 consecutive weeks since the beginning of July. As of September 13, the SCFI stood at 2,511.0 points, a drop of 32.7% compared to the beginning of July.
Among them, the freight rate of Shanghai's exports to the European basic port market (sea and sea surcharges, the same below) fell by 41.5%, the freight rate of the Mediterranean basic port market fell by 38.1%, and the freight rate of the western and eastern basic port markets of the United States fell by 32.2% and 31.2% respectively.
Shanghai Shipping Exchange analysts believe that there are more risk factors in the current container market, including the tense geopolitical situation, the threat of strikes in the eastern port of the United States, Sino-European and Sino-US trade relations, etc., the future period of time, freight rates will still face greater uncertainty.
Delury analyzed that because the goods originally shipped to the eastern port of the United States are being transferred to the western port of the United States, the freight rate of the eastern route has fallen sharply, and it is expected that the freight rate will fall further in the next few weeks.
Thanks to strong import demand in North and Latin America and high exports from the Far East, Maersk expects container transport demand to remain strong in the fourth quarter of this year.
Data show that in the second quarter of this year, the global container cargo volume increased by 6.6%, of which the import volume of North America and Latin America increased by 10.5% and 15.6%, respectively, and the cargo volume of the Asian regional routes also maintained the growth momentum, an increase of 9.6%. In addition, the volume of exports from the Far East increased by 8.6%.
Previously, when looking at the market trend, Wan Hai Shipping predicted that with the arrival of traditional holiday stocking demand in Europe and the United States, the volume of goods will continue to grow in the third quarter of this year. At the same time, the fourth quarter of the Asian regional routes will enter the traditional peak season, Wan Hai shipping is optimistic about the consumer demand of the Asian middle class, is expected to promote the growth of fresh e-commerce goods.
However, recently, the freight market continued to fall, the Shanghai Shipping Exchange released the Shanghai export container comprehensive freight index (SCFI), has fallen for 10 consecutive weeks since the beginning of July. As of September 13, the SCFI stood at 2,511.0 points, a drop of 32.7% compared to the beginning of July.
Among them, the freight rate of Shanghai's exports to the European basic port market (sea and sea surcharges, the same below) fell by 41.5%, the freight rate of the Mediterranean basic port market fell by 38.1%, and the freight rate of the western and eastern basic port markets of the United States fell by 32.2% and 31.2% respectively.
Shanghai Shipping Exchange analysts believe that there are more risk factors in the current container market, including the tense geopolitical situation, the threat of strikes in the eastern port of the United States, Sino-European and Sino-US trade relations, etc., the future period of time, freight rates will still face greater uncertainty.
Delury analyzed that because the goods originally shipped to the eastern port of the United States are being transferred to the western port of the United States, the freight rate of the eastern route has fallen sharply, and it is expected that the freight rate will fall further in the next few weeks.
