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BIMCO sees smooth sailing with US east coast imports shining brightly
来源： 编辑：编辑部 发布：2018/03/01 14:53:26
BIMCO's Market Outlook for container shipping has shown strong fleet growth and good demand in 2018, reports London's Port Technology International.
BIMCO, (Baltic and International Maritime Council) the world's largest international shipping association, says demand has already seen an uptick for most liner companies.
This has resulted in higher rates in January, despite the market experiencing falling freight rates from August to December in 2017.
Peter Sand, chief BIMCO analyst for the Copenhagen-based organisation, believes the US east coast may see more big ships as container carriers increasingly take to the expanded Panama Canal, reports American Shipper.
"Watch out for the North American inbound loaded containers where we expect a change in 2018," he said. "We saw very strong growth in 2016 and 2017 for the US west coast imports, and in 2015 and 2017, for the US east coast imports.
"We have yet to see the full effect of the elevated Bayonne Bridge, allowing ultra-large containerships to pass and enter the New York/New Jersey port," said Mr Sand.
"For the whole of the US east coast in 2017, the amount of inbound loaded containers grew 10.1 per cent," he said.
In terms of supply, the containership fleet has already expanded by 1.2 per cent in the first month of 2018 - equal to the entire fleet expansion of 2016, with a flurry of new ships delivered in January.
In 2018, the focus will be on the deployment of ultra-large containerships.
There are 53 ships larger than 13,500 TEU are scheduled for delivery, with new orders being placed at an increasing pace.
In terms of future outlook, an upward trend, despite slow demand growth towards the end of 2017, has resulted in two peaks in time charter rates for April/May and around mid-September 2017.
BIMCO projected that overall demand growth is expected to be lower than in 2017, but still high enough to improve the fundamental market balance, with demand expected to grow by four per cent to 4.5 per cent against a fleet growth of 3.9 per cent in 2018.
As far as supply is concerned, Mr Sand forecasts 1.05 million TEU of capacity on ships will be added in 2018 and about 250,000 TEU will be demolished, as opposed to the 398,000 TEU demolished in 2017. That will result in a fleet growth of about 3.9 per cent this year.
BIMCO, (Baltic and International Maritime Council) the world's largest international shipping association, says demand has already seen an uptick for most liner companies.
This has resulted in higher rates in January, despite the market experiencing falling freight rates from August to December in 2017.
Peter Sand, chief BIMCO analyst for the Copenhagen-based organisation, believes the US east coast may see more big ships as container carriers increasingly take to the expanded Panama Canal, reports American Shipper.
"Watch out for the North American inbound loaded containers where we expect a change in 2018," he said. "We saw very strong growth in 2016 and 2017 for the US west coast imports, and in 2015 and 2017, for the US east coast imports.
"We have yet to see the full effect of the elevated Bayonne Bridge, allowing ultra-large containerships to pass and enter the New York/New Jersey port," said Mr Sand.
"For the whole of the US east coast in 2017, the amount of inbound loaded containers grew 10.1 per cent," he said.
In terms of supply, the containership fleet has already expanded by 1.2 per cent in the first month of 2018 - equal to the entire fleet expansion of 2016, with a flurry of new ships delivered in January.
In 2018, the focus will be on the deployment of ultra-large containerships.
There are 53 ships larger than 13,500 TEU are scheduled for delivery, with new orders being placed at an increasing pace.
In terms of future outlook, an upward trend, despite slow demand growth towards the end of 2017, has resulted in two peaks in time charter rates for April/May and around mid-September 2017.
BIMCO projected that overall demand growth is expected to be lower than in 2017, but still high enough to improve the fundamental market balance, with demand expected to grow by four per cent to 4.5 per cent against a fleet growth of 3.9 per cent in 2018.
As far as supply is concerned, Mr Sand forecasts 1.05 million TEU of capacity on ships will be added in 2018 and about 250,000 TEU will be demolished, as opposed to the 398,000 TEU demolished in 2017. That will result in a fleet growth of about 3.9 per cent this year.