SeaIntel: Asia - Europe could avoid price war in 2012

It now looks like an escalating price war on Asia-Europe can be avoided, and that the announced rate increases will become successful, writes SeaIntel.

Photo: Hyundai Merchant Marine

Capacity reductions before and after the Chinese Golden Week indicate that there is a chance of avoiding a price war on the Asia-Europe route, but the shipping companies will have to maintain discipline if they want to successfully stabilize the market. In an analysis in its Sunday Spotlight this week, SeaIntel has looked at the capacity developments in the five weeks before and ten weeks after Golden Week.

“We find that the capacity market share only changes marginally across the major carrier groupings. Hence the foundation is in place for the avoidance of a rate war based on market shares for the rest of 2012,” writes SeaIntel.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Related articles

Latest news

See all jobs