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Trans American

Customs & Logistics

Customs & Logistics News Story

Pertains to U.S.
Published in September 06, 2017 issue

Excess Capacity Forecast to Constrain Rate Hikes for Two Years

Failure of a September 1 rate increase on the Asia-Europe and trans-Pacific trades is a reminder that a structural imbalance in supply and demand may haunt carriers until at least 2019. A double-digit capacity growth in most major deep-sea trade lanes is occurring at the same time as a freeze in vessel orders. Per industry analyst SeaIntel, “The GRI failure is a sobering reminder that we are only at the beginning of the recovery, and we will not see a balance in supply and demand before 2019 at the earliest, possibly 2020”.  Additional details are available at: https://www.joc.com/maritime-news/surplus-capacity-frustrate-rate-increases-two-years-analyst-says_20170904.html

This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient.  Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited.  The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2017 Trans American Companies.

Filed Under: Newsletter Story

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