Container shipping. From change to caution
The largest international shipping association Bimco, based in Copenhagen, shows like the container shipping growth and demand growth reach a balance.
2017 was year of change and 2018 caution is required. The IMF (International Monetary Fund) expects that the global GDP (Global Gross Domestic Product) to will raise in 2018 to reach 3,7%, up from 3,6% in 2017.
The container shipping sector will continue its growth, both for fleet growth rate and demand, and as a result there will be not real earnings.
Currently, the situation of global shipping market is controlled by three big alliance:
- 2M Alliance (Maersk, Msc and Hunday MM), 35,7% of the global shipping market;
- Ocean Alliance (Cma Cgm, China Cosco Shipping, Evergreen Line and OOCL), 28,2% of the global shipping market;
- The Alliance (Hapag-Lloyd, Ocean Network Express and Yang Ming Line), 16,9% of the global shipping market (source: Alphaliner).
IN 2018 THERE IS NEEDS TO MAINTAIN THE VIABILITY
During 2017, freight rates went up, demolitions went down and the idle fleet was reactivated, the general demand growth rate is increased (+5%), the port throughput has growing as much as 7,7% and, before the fleet growth (in 2016), the market balance improved.
In 2017, the reactivation of unused ships stops this improve, only in September, there have been twenty new orders for 22.000 TEU ships that they will be delivered in 2019-2020.
During 2019, because of these orders the nominal fleet growth level for the container shipping industry will increase, as a result, there will be higher earnings and the container shipping segment will see a net fleet growth of around 4,1% (source: Bimco and Alphaliner).
In this positive scenario, Eceplast will make everything effort to rise its potential market by leveraging on its innovation and experience.
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