Digitalization has far from had a breakthrough in shipping, and the many new platforms have produced no real changes in the sector, which is lagging far behind other industries, writes Alphaliner in a new analysis.
The container rates have dropped significantly since the middle of this summer, and Alphaliner projects a turbulent October. The most recent ultra-large orders from MSC and CMA CGM have triggered uncertainty in the long term. Read on to learn how far the individual routes have plunged.
Collapsed South Korean carrier Hanjin controlled a fleet of 102 container vessels, which have since been absorbed by other carriers. One carrier in particular has taken over a third of Hanjin's former capacity, writes Alphaliner.
Analyst firm Alphaliner points to Singapore-based Pacific International Lines (PIL) as the most obvious acquisition candidate among the four carriers currently not part of the major alliances in the container market. However, the owning family told ShippingWatch in May that a sale was not in the cards.
According to Alphaliner, there does not seem to be much factual evidence to support the claims that the container merger between Japan's three biggest carriers will disrupt competition in South Africa.
An improved profit of no less than USD 1 billion for 2017 may sound like a bold prediction from Maersk Line, but Danish and international analysts speaking to ShippingWatch all seem confident that CEO Søren Skou is on track to reaching his goal. The group's first quarter results will be released Thursday.
Alphaliner's chief analyst, Tan Hua Joo, is one of only a few external experts who has been asked by the container sector's secretive Box Club about his view of the future. He now warns the carriers of a worrisome development.
Things are looking better than it has in a long time for the medium-size container vessels as the charter rates are headed for a more sustainable level. There is an "extraordinary level of activity" right now, writes Alphaliner in the firm's latest analysis.
The 2M alliance between MSC and Maersk Line will, starting April, increase its capacity on Asia-Europe by 25 percent, and the significant volume expansion could trigger rate disruptions, writes analyst firm Alphaliner in its latest newsletter.
In spite of large-scale scrapping in the Panamax container segment, at least another 100 vessels will need to be sold as scrap before the market can get back on track, according to a new analysis from Alphaliner.
For every two container vessels hitting the water in 2017, only one will leave the fleet, projects Alphaliner in a new analysis. Fleet growth in the container market will be more than twice as big as in 2016 and will be driven by the delivery of new, giant container ships.
Since the turn of the year, the share price in Orient Overseas Container Lines has skyrocketed by 20 percent, and the group's container carrier looks poised to become the container industry's next acquisition, according to Alphaliner.