Sea freight costs are expected to continue to rise as the Red Sea crisis continues to worsen and trade activity gradually increases. Recently, the world’s leading container shipping company Maersk announced raised its full-year profit forecast, this news has attracted wide attention in the industry. Maersk has raised its profit forecast for the second time in a month.
1. Geopolitical conflicts and waterway disruption
As one of the world’s largest container shipping companies, Maersk has always enjoyed a high reputation in the industry. With its strong fleet scale, advanced logistics technology and high-quality service level, the company has won the favor of many customers, and has a certain say in the shipping market. Maersk has raised its full-year profit forecast as global supply lines are being severely disrupted, which has reduced the Suez Canal route by about 80%.
2. Rising demand and tight supply
In the statement of the head of Maersk, the current global increase in freight rates may be difficult to ease in the short term. The outbreak of the Red Sea crisis led to shipping detour to the Cape of Good Hope, the voyage increased by 14-16 days and the need to increase the investment of ships, reducing the efficiency of other routes. Lead to other routes transport capacity scheduling, turnover efficiency and empty box reflux are slow.
With detours estimated to affect about 5% of global capacity, combined with a recovery in the peak trade season, prices have not yet seen a turning point. Whether the latter can alleviate the development of the Red Sea crisis and the investment of new ships and containers.
There were also signs of further congestion, evident in Asia and the Middle East, driving a strong increase in freight rates in the second half of the year.
3. Speculation and expected effect of the capital market
Price fluctuations in the shipping market are also affected by the capital market speculation. Some investors are optimistic about the future development prospects of the shipping market, and have poured into the market to invest. Such speculation has exacerbated the volatility in the shipping market and further pushed up shipping prices. At the same time, market expectations also have an impact on shipping prices. When markets expect the shipping market to continue to prosper, shipping prices tend to rise accordingly.
In the face of rising shipping prices, export enterprises need to adopt a series of coping strategies to maintain the stable operation of their business and maximize their profits. Export enterprises need to flexibly adjust their strategies, and actively respond to the challenges. Through diversified logistics channels, optimize the transportation plan, improve the added value of products. Contact Jerry @ dgfengzy if needed.com
Post time: Jun-17-2024
