Dynamic Export E-magazine Nov/Dec 2015

Page 21

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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