danmarks-rederiforening.gif

Pricewar could hit Asien-Europa route

Pricewar could hit Asien-Europa route

16-04-2018 14:00:00


The freight rates on the container routes from Asia to Europe are at their lowest within the last few years, due to competition among the major container shipping companies that undermine each other in pursuit of market share. The situation is starting to look like a price war.

On top of the lowest rates in nearly two years on the Asia-Europe route, where the SCFI spot rate has been 17 percent below the level that can be written of as seasonal fluctuations, developments this week are crucial in determining whether the shipping companies are heading for a price war, SeaIntelligence Consulting, Lars Jensen, writes on his Linkedin profile.

The container shipping companies have announced higher prices on Asia-Europe routes from today.

"Whether these increases are successful will be proved in the coming week and it will be determined if the price war was a short-term fluctuation in the traditional post-Chinese New Year market or if it is far more serious and can thus bring profitability to the whole 2018 at risk, "writes Lars Jensen.

On Friday, the Shanghai Containerized Freight Index, SCFI, closed at only 585 dollars/teu, which was a decline of 5.2 percent compared to the week prior, and 300 dollars less than at the beginning of the year.

Source: Linkedin, Lars Jensen / Maritime Denmark


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Shipowners happy with foreign strategy
- Brexit deal is good news for Danish shipping
- HH Ferries becomes ForSea
- Damaged feeder ship heading to Gdańsk
- Feeder ship is being emptied of containers
- Aground ship still in Æbelø
- Containership goes aground North of Fyn
- Povl Anker is welcome in Trelleborg Port
- No arrests after collision on Bornholm
- EU puts 2,2 b. kr. towards maritime projects
- Less car traffic on Helsingør-Helsingborg
- Possible Sabotage on Flensborg Shipyard


Todays Top 5



This weeks Top 10

- Brexit deal is good news for Danish shipping
- Koldings port director shocked by decision
- Strong Danish-Indonesian relationship
- Shipowners happy with foreign strategy
- Danish ports among the most effective
- HH Ferries becomes ForSea
- Danish Industry criticizes port decision
Klik venligst
Klik venligst
Klik venligst