Age of Discovery: High shipping costs seem to be eroding global growth
Abstract 1. Global marine transportation seems to be initiating a new Zuggler cycle, with the BDI hitting a new high in 13 years. 2. The sharp rise in marine transportation prices should be closely related to demand: 1) Currently, the compound annual growth rate of global imports and exports has significantly increased in the past two years, with this annualized growth rate exceeding 6% in June this year; 2) However, the speed of shipbuilding is slow, as seen from known data (container ship capacity), the annualized growth rate of capacity is only about 3%. 3. However, the sharp rise in marine transportation prices is not entirely related to demand: 1) Currently, although the global import and export amount/capacity is relatively high, it is not high to an extreme level.
Marine transportation prices took a big dive, dropping as much in 3 days as they had risen in 3 months! Experts: will gradually return to rationality
Why did the freight rates in the US West decline? How will marine transportation prices develop in the future? Many industry experts and practitioners believe that this price adjustment is a normal occurrence. With the periodic decrease in orders, maritime transportation capacity increasing, marine transportation prices may gradually return to rational levels.
Container freight rates from China to the US have soared tenfold. Shipping companies: grab boxes like train tickets for the Spring Festival travel season
The demand is strong and the sea freight is skyrocketing! The revenue of the global shipping industry has reached its highest level since 2008.
As the economy recovers, global demand for goods and raw materials continues to rise, and shipping demand surges. However, due to the collapse of the supply chain under the weight of the epidemic, port congestion, ship delays and other problems, there is a serious shortage of ship supply. This shortage of demand has greatly pushed up global sea freight rates, and has also led the global shipping industry to make a lot of money in recent months, with daily earnings reaching their highest level since 2008. According to Bloomberg, citing data from the Clarkson Institute (Clarkson Research Services), a British shipbuilding and shipping market analyst, the global shipping industry earns average daily earnings in August.
A wave of rising freight rates swept the world, and the shipping industry recorded its biggest daily earnings in 13 years
As demand for commodities increased and global supply chains collapsed under the weight of the pandemic, freight rates continued to rise, and the global shipping industry recorded its biggest daily earnings since 2008.
Is there a drama about “sky-high shipping” cooling? The maritime regulators of China, the US and Europe held a meeting
The global shipping industry, which has experienced unprecedented difficulties, may be dawning. On September 8, according to the official website of the US Federal Maritime Commission (FMC), maritime regulators from China, the United States and the European Union held the Global Shipping Regulation Summit. According to reports, the conference discussed a number of issues that have received much attention: 1. After the COVID-19 outbreak, the analysis of demand and supply related to international shipping, the difficulties currently faced by the shipping industry, and the reasons why the shipping industry was affected. 2. To date, the response actions taken by the relevant jurisdictions and management authorities in response to the aforementioned incident and their results. 3. What kind of measures may be taken in the future to make the shipping industry heavy