Fitch ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. We gotta have a talk about hanjin new megaalliances april 2017 a tale of a shipping line bankruptcy. Container shipping outlook 2016 overcapacity catches industry in undertow the containerizedoceanfreight industry suffered in 2015. Shipping has recently decoupled from gnp due to slow steaming 2. The worlds shipping companies are going supersized. Over the past three months the bearish container shipping market outlook has gained traction and chinese turmoil has rocked the market resulting in a. For the sector to reduce its emissions in line with climate change objectives, a wholesale. Top 10 deepsea container shipping lines and market share in deployed capacity february. The market outlook for the smaller vessel segments is significantly better than. Likewise it could claim to be the industry which, more than any other makes it possible for a truly global economy to work. The rating agency expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates. The 2018 outlook for global container carriers is decidedly mixed. The 50 leading liner companies, 1 may 2015 number of ships and total shipboard. Container shipping could lay claim to being the worlds first truly global industry.
Overcapacity catches industry in undertow, explores the conditions faced by the 17 of the worlds largest publicly traded ocean containercarriers. Lng will not do the trick for shipping on a cop21 pathway, since it is a carbonbased fuel. These greenhouse gas emission growth figures stand in. Data, derived from publicly available sources, for the 2015 study is based on the 12monthprior period through september. Ebitda to stay steady 10 may 2017 tokyo, may 10, 2017 moodys japan k. Moellermaersk cut its profit forecast for 2015 citing a weaker container shipping market as the outlook for global growth becomes gloomier. The outlook for the global container shipping industry remains challenging for the remainder of 2015, according to a new report from alixpartners. Container shipping rates forecast to rise, but not enough.
Longterm trends in container shipping overcapacity, falling freight rates and carrier lossesservice disruptions, blank sailings and schedule reliability 2. Container liner market global industry analysis, size. Global container shipping industry in choppy waters, says. Global container shipping market industry analysis. How do i migrate the new outlook for mac profile from one. Moodys downgraded its outlook for the shipping sector to negative, citing excess container ship and drybulk capacity and falling freight rates. Global shipping outlook for 2018 remains negative, says. Historical development of trade and maritime freight.
Cookie notice we use cookies to personalise content and ads, to provide social media features and to analyse our traffic. The negative outlook reflects our expectation that earnings will worsen, with freight rates likely to remain depressed amid ample supply, says mariko semetko, a moodys vice president and senior analyst. Hosted by simon heaney, senior manager, container research and martin dixon, head of research products. Drewry is an independent maritime research consultancy offering market insights and advisory services to senior stakeholders across the global shipping industry. Maersk cuts profit outlook on weaker global container market. Msc is a world leader in global container shipping and a company that prides itself on offering global service with local knowledge. The global shipping containers market has witnessed positive growth trend since 2012. Around 90% of global trade is through the shipping industry, with over 17 million shipping containers and over.
The product type considered in the container liner market study includes end fill, open top, top fill, and wide access. Marginal abatement curve mac modelling suggests that cost effective measures have. Ive identified a few global trends in the container shipping industry and in this. The capacity considered in the container liner market study includes 20 foot, 30 foot and 40 foot.
After deteriorating market conditions in 2015, with a very high fleet growth. For almost all vessel types, both shipping companies and their. How shippers see 2017 february 2017 produced by and. The sulphur regulation from the international maritime organization imo that came into force on 1 january 2020 took the centre stage in the shipping industry at outset of the new decade. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping lpg and lng shipping ports and terminals as well as ocean freight cost benchmarks and. Danish shipping line apmmaersk is currently the largest containershipping company globally.
Moodys wednesday suggests that, with signs of recovery in both the dry bulk and container shipping segments, the outlook for the global shipping industry is stable, malaysian media reports moodys says that, different from 2016, which saw doubledigit decline in ebitdas, the operating environment has bottomed out, with earnings now set to. We take a look back at 2017 and forward to the current state of the industry and beyond. No alternative to the big diesel engine at present. The advance is a push in the right direction, as demolition activity is one of the essential measures needed to be taken to rebalance the container shipping industry. Tech support scams are an industrywide issue where scammers trick you into paying for unnecessary technical support services. Pdf the outlook of shipping industry in 2017 and beyond. Fitch ratings says the global outlook for the shipping industry remains negative for next year due to lingering overcapacity in most sectors. To import mbox to outlook 2015 2016 for mac, try mail extractor pro. According to persistence market research, the global shipping containers market is anticipated to witness significant market valuation and a robust growth rate during the period of assessment 20172025.
Moodys investors service moodys has switched its outlook on the global shipping sector to negative as it expects supply growth to outpace demand growth in 2016 by more than 2%, suppressing freight rates, particularly in the dry bulk and containership segments. Segment trends, development, outlook and projections. It connects countries, markets, businesses and people, allowing them to buy and sell goods on a scale not previously possible. Growth of demand and supply in container shipping, 20002015 annual. Not only is the demand for transportation of containerised goods higher than its most recent low in 2015, but the demand for shipping capacity appears to have altered.
Outlook and market opportunities key growth drivers. The latest container shipping forecaster from msi suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers. The outlook for the tanker segment remains stable as low crude oil prices will continue. Key to the iron ore shipping outlook is the large increase of supply over the next couple of years.
A report from alixpartners, titled container shipping outlook 2016. Marine money 2015 11 10 8 expect regulations to change the way our industry is fuelled by 2020, most ships will still be using current propulsion technology fuel oil but lng dual fuel is starting to take off as bunker fuel for container ships. Overview indias gdp and trade flow overall size and growth level and key drivers of containerisation key trends freight rates development in the past one year impact of gst key issues and challenges industry outlook and projections 3. Of these, the end fill container liner segment accounts for the major share of the global container liner market. Capacity in the container shipping industry is expected to grow 3. But the 2018 marine forecast for transpacific and other major shipping trade routes also notes that full recovery from the dark days of 201516 depends on a. Change of course towards sustainability after several decades of dynamic growth rates, the overall conditions for the container shipping business have fundamentally changed since 2008. Container shipping market updated macro outlook seeking. Pdf an econometric analysis for container shipping market.
Fitch ratings downgrades global shipping outlook for 2016. For almost all vessel types, both shipping companies and their customers benefit from the. Last month, jonathan roach, an analyst at braemar, estimated that some 670,000 teu of capacity. The growth of container shipping changed the nature and character of ports, with new. All references, facts, and opinions contained in this article can be found in the outlook. Ghg emission reduction potential of eurelated maritime transport. In 2016, the container shipping industry bit the bullet in terms of.
The outlook of shipping industry in 2017 and beyond. The wild card is that the global container industry is in the midst of a massive wave of. But performance will vary across the segments, with drybulk and container shipping under. The shipping market in 2016 and looking forward bimco. Container shipping rates forecast to rise, but not enough to stop liner losses bruce barnard, special correspondent jul 05, 2016 11. Containership supplydemand outlook improving lloyds. The overcapacity in shipping undermines the current rebound in dry bulk and container shipping rates and puts in doubt its longevity, the agencys senior director angelina valavina said in a report on tuesday. What have changed a lot since our last container shipping market report, which was only three months ago, are the charter rates. The containerizedoceanfreight industry suffered in 2015. Change of course towards sustainability 1 container shipping. Moodys changes outlook on global shipping sector to. You can help protect yourself from scammers by verifying that the contact is a microsoft agent or microsoft employee and that the phone number is an official microsoft global customer service number. The industry suffers on the one hand from substantial excess capacities and on.
Join us for a free drewry online briefing at 0900 or 1700 bst on tues 24 oct 2017 on the outlook for ocean freight rates. Import mbox to outlook 2015 2016 import mac mail to. Global container market volume growth rate 20152021. The outlook is an annual update on the state of the industry. Operating ships very slowly would help significantly but who wants it. Please plan to join us for a day filled with rich and compelling conversations among industry leaders who will share insights through panel discussions.
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