intra-asian trade

Intra-Asia Trades Witness Wavering Freight Rates and Faltering Profits

Increased competition and vessel cascading on intra-Asia trades has led to rock-bottom freight rates and plunging profits for regional carriers, reports the Loadstar.

Annual drop in freight rates

Charlie Chu, executive vice president of Thai-based intra-Asia specialist Regional Container Line (RCL), said freight rates were declining every year.

“Ship upsizing in intra-Asia trade is quite popular, same as other trades globally,” he told The Loadstar.

“The consolidation between large carriers through...

http://mfame.guru/intra-asia-trades-witness-wavering-freight-rates-and-faltering-profits/

Recover Extra Fuel Cost or Go Bankrupt – BIMCO


  • European containerised imports likely to be stuck with demand growth of just 2% for years to come.
  • Trade tensions between the US and China and Europe, force consumers of containerised goods in the West to show signs of being ‘saturated’.
  • Demand growth in the first 11 months of 2018, was the slowest recorded in the past decade for intra-Asia at 3.8%.
  • A 3.4% container-fleet growing demand and low freight rates in 2019 is forecasted.
  • A renewed interest in ULC observed with orders up from 9 units...

http://mfame.guru/recover-extra-fuel-cost-or-go-bankrupt-bimco/