FREIGHT
Amid such volatility, it pays to shop
Much of this has been at the “big end”
around on rates to ensure you are getting
of the market, with most of the new
the best price on the right service to suit
capacity being Mega Ships capable of
your requirements.
handling 18,000 TEU or more.
A key component of the general
Maersk line, for example, has
“downtrend” in freight rates has been
launched 20 Triple E vessels in recent
the massive increase in global container
years capable of carrying 18,000 TEU,
shipping capacity this year – with more
and recently confirmed rumours it
and more “mega ships” coming on line –
has placed orders for 11 new ships
and more to come.
capable of carrying 19,600 TEU each –
Reports suggest a total 602,000 TEU capacity has been added to global container freight supply since the start
expected to come on line in 2017 and 2018. The question now needs to be asked
of this year alone – and just 72,000 TEU
if shipping lines will be forced to idle
removed via scrapping. Since January, the
smaller vessels – and whether this new
global container vessel fleet has grown
“lower paradigm” in shipping rates will
2.9%.
be sustainable. •••
Michael Holloway is an executive with CargoHound, Australia’s first online marketplace for international freight. He has over 25 years of experience in freight, transportation and logistics. He returned to Australia in 2013 from Malaysia where he was responsible for the general management of seven locations with 90 staff in the Asia/Australasia region and the Account management of two major airline customers. Before joining CargoHound he worked for DB Schenker and multinational B & H Worldwide in the UK, US, Australia and Asia. www.cargohound.com
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For a detailed quote Ph: 1300 887 612 or salesaus@cffworld.com NOVEMBER / DECEMBER 2015 // 21 www.cffworld.com
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