to main page send e-mail Last Updated:  Monday, December 10, 2018
EUROMOVERS International

The independent voice of the global moving industry

INTERNATIONAL NEWS

Continued uncertainty for container shipping market

Mar 16, 2017
Xeneta, the global benchmarking and market intelligence platform for containerized ocean freight, is forecasting further uncertainty for the global container shipping market in 2017.

Although rates have risen significantly from the historic lows of early 2016, giving battered ship owners some reprieve, structural problems continue to undermine stability, while macro-economic and political factors are casting long shadows on the horizon.

“Prices rose from Q3 into Q4 before flattening out a little,” said Xeneta CEO Patrik Berglund, “but the carriers’ position improved significantly from the dire situation they found themselves in early 2016. That said, it had to. With the majority of carriers losing money hand over fist last year, the industry simply wasn’t sustainable.”

As it stands, further uncertainty is provided by an unpredictable economic and geo-political situation, as Berglund explained. “With the inauguration of Donald Trump, the continued fallout from the Brexit vote and a rising tide of more ‘insular’ political thinking, the outlook for global trade is, well, interesting,” he noted. “Carriers will be paying close attention to developments.”

Photo: Patrik Berglund

     Unique page views October 2018
     List of advertisers
     Directory of suppliers
     Sign up to our monthly newsletter
Aviomar S.A.S.
  Maxi Mover - low floor Luton van sales
Cookies: This site uses non-invasive cookies to provide an enhanced visitor experience and to measure site performance.  By viewing this website you are agreeing to our use of cookies in this manner.  For further information on how cookies are used on this site, please see our privacy policy.
Privacy Policy  |  Terms of Use  All material © 2011 The Words Workshop Ltd.