South Korea has established a $1.2 billion shipping fund to support the recovery of its shipping companies, emphasizing the need to control debt ratios. The relevant legislation must be approved by the National Assembly.
COSCO Shipping and China Shipping are expected to receive merger approval by January, officially forming "China Ocean Shipping Group Co., Ltd." This merger will create the world's fourth-largest container shipping company. The complexity of the merger involves integrating overlapping departments and maintaining employee stability, with a total deal value potentially exceeding $20 billion. This merger will reshape the shipping markets of China and the world.
The US shipping lane saw wild swings within weeks - May's tariff cuts briefly boosted demand before oversupply crashed rates. Surging capacity outpaced cargo growth, contrasting sharply with pandemic patterns. With ongoing rate pressures, recovery hinges on global trade dynamics.
The container shipping market is facing a dual challenge of declining demand and rapid capacity growth. An estimated 5 million TEUs of new ships are expected to be delivered over the next two years, leading to the highest capacity growth in 20 years, while freight rates continue to plummet, increasing market risks. Although there remains a willingness to pay for some capacity, factors such as global economic slowdown and rising inflation create significant uncertainty for future trends. Industry experts warn that the sector must seek transformation under pressure to enhance competitiveness.
This article provides an in-depth analysis of the fluctuations in global shipping market freight rates from late August to September, covering routes from China to Latin America, Europe, North America, East Africa, and Southeast Asia. It reveals the challenges and opportunities across various routes, offering crucial market insights for shippers and logistics professionals.
In July 2024, China's export container transportation market showed stable improvement with an overall increase in freight rates, as the freight index for major routes generally rose. Despite ongoing challenges affecting the European and North American markets, port throughput has been trending upwards, and the ship leasing market remains active, demonstrating the resilience and potential of the container shipping market.
This article explores the definitions of freight rates and shipping costs and their interrelationship. It indicates that the freight rate represents the price of transportation labor, which directly influences the supply and demand dynamics of the shipping market. In contrast, the shipping cost is the compensation paid by the shipper to the carrier for completing the transportation of goods. The calculation of shipping costs relies on the product of freight rates and transportation volume.
The global shipping industry is facing severe challenges, with China's international shipping market impacted by economic fluctuations leading to reduced exports of manufactured goods and imports of resources. The depreciation of the yuan has not significantly boosted exports, and there is a serious oversupply of vessels amid low market demand, particularly affecting dry bulk and container shipping. Although the oil tanker manufacturing sector has shifted towards energy-efficient ships, it faces competitive pressures due to fuel price volatility. The winter for global shipping extends beyond China, necessitating urgent industry and market structural adjustments.
Reveel's "2025 Smart Package Transportation Report" highlights that top logistics teams leverage data analysis and automation to optimize package spending through revenue tracking, transparency in additional fees, and SKU-level insights. In the face of rising costs, these strategies provide a competitive advantage.
This paper analyzes the cost structure and service content of full truckload (FTL) road transportation from Hangzhou to Bangkok. It focuses on interpreting the factors influencing freight rates and provides key considerations for selecting logistics service providers. The aim is to offer valuable reference information for businesses engaged in China-Thailand trade via road transport. This includes understanding the complexities of cross-border trucking and making informed decisions about their logistics partners to optimize cost and efficiency in their supply chain.
