Amid an increasingly pessimistic cargo demand outlook, ocean carriers are said to be negotiating with shipyards to delay delivery dates...
Shipbuilding contracts often incorporate a clause to facilitate a delay of 6 months or more, depending on keonhacai euro stage of construction and pressure from other orders.
But with keonhacai euro container shipping industry facing many challenges, warehouse owners can be quite comfortable about delaying delivery and keonhacai euro delay will focus on smaller sizes. In fact, shippers are competing for jobs with tonnage overwhelmed by keonhacai euro arrival of new 24,000 teu ULCVs on keonhacai euro Asia-Nordic route.
And shipping line procurement officials have been instructed to pause orders for new containers and return as much rented equipment as possible to alleviate keonhacai euro huge storage costs from mountains of empty containers. warehouses around keonhacai euro world.
Indeed, container warehouses will remain overcrowded, according to online shipping container platform, Container xChange. "There's not enough warehouse space to hold all keonhacai euro containers," says CEO Christian Roeloffs.
“With inventories continuing to hit keonhacai euro market, there will be additional pressure on warehouses in keonhacai euro coming months. This will be a major challenge for some and a competitive advantage for others in keonhacai euro business, especially in China because of locating empty containers there.”
keonhacai euro dual effects of a drop in demand and easing of port and shore congestion at container hubs have caused a major reversal in supply-demand fundamentals. According to keonhacai euro latest Drewry Container Forecaster supply-demand index, keonhacai euro market will see a major shift in balance to a position of 19% lower than equilibrium.
However, keonhacai euro marine analytics unit said it anticipates keonhacai euro capacity cuts - expected to become more drastic after keonhacai euro Lunar New Year - will keep top fleet growth at "comparatively low". for agriculture” 1.9%.
“Now that keonhacai euro container bubble has burst, keonhacai euro record frenzy of orders for 2021 and 2022 – which has so far reached around 6.7 million teu contracted – now even seems overwhelming,” Drewry said. level.
Carriers could benefit from higher contract revenue in Q1, but with old agreements expiring and new deals set at much lower rates, keonhacai euro industry's P&L account, seemingly as much less healthy.
According to many maritime experts, keonhacai euro global port and shipping industry will face many difficulties in 2023 as keonhacai euro economic downturn negatively affects trade as well as shipping output. However, there are still a few factors that positively support keonhacai euro industry outlook in 2023, including: (1) keonhacai euro shortage of containers has been resolved thanks to keonhacai euro additional supply of containers in 2022, (2) China is reopening, which will boost global trade and consumption, (3) keonhacai euro average Brent oil price is forecast to remain around per barrel in 2023, which will help reduce costs fuel costs for shipping businesses and promote global trade. In a relatively complicated context, it is forecasted that in 2023 keonhacai euro global shipping and port industry will face many great challenges.
According to Alphaliner, keonhacai euro number of new shipbuilding orders continues to increase, bringing current orders to 27.9% of total market capacity – keonhacai euro highest level since 2012. Oversupply will put pressure on prices. sea freight in keonhacai euro near future. Business results of shipping lines have a certain lag with fluctuations in sea freight rates because time charter contracts are usually signed from 6-12 months. Thus, keonhacai euro impact of keonhacai euro reduction in sea freight rates will clearly affect Vietnamese shipping lines in keonhacai euro period of 2023-24.
keonhacai euro Trump administration is planning to import eggs from Turkey and South Korea while negotiating with other countries in an effort to lower record-high prices for American consumers, officials have confirmed.
On February 13, President of USA's Donald Trump signed a new executive order on tariffs, marking a decisive step in reshaping U.S. trade policy. This order aims to increase import tariffs on trade partners with significant trade surpluses with keonhacai euro U.S., including Vietnam.
With its advantageous geographical location and favorable natural conditions, Da Nang has long been recognized as one of keonhacai euro most livable cities in Vietnam
Glotrans would like to inform our valued customers and partners of keonhacai euro holiday schedule for Hung Kings' Commemoration Day as follows:
In keonhacai euro ever-evolving logistics and multimodal transportation industry, ensuring cargo safety has become a top priority. With a strategic vision and deep understanding of potential risks
On March 22, 2025, Glotrans Hanoi took part in keonhacai euro CMC CAREER FAIR 2025 – Internship and Employment Day – held at CMC University. This event presented a valuable opportunity for Glotrans Hanoi to connect with students seeking a professional internship environment, while also helping them gain deeper insights into keonhacai euro logistics industry and its career prospects.
