Shippers negotiating new contracts this year face a major rates dilemma as the maritime industry contemplates a return to using the Suez Canal.
When carriers revert to transiting the canal, the reduction in voyage tonne-miles will begin to expose the overcapacity in the market, pushing a significant downward trend in freight rates, especially on Asia-Europe trades.
Shipping analyst Drewry estimates rerouting round the Cape of Good Hope reduced effective capacity by around 9%, «which has helped carriers once again post some very strong quarterly profits in the past 12 months».
The authors of the study reveal the current state of the container transport market and describe its features in Space 1520, detailing growth opportunities.
The Trans-Caspian International Transport Route has developed significantly in recent years as one of the routes for freight traffic between China and Europe
