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日本海事新聞ニュース Japan Maritime Daily Sep 28, 2023 (Thu)

Shipping companies to face tough conditions due to sluggish container market

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　Container freight rates on major shipping routes are falling to levels that are unprofitable for co ・・・続きはログインして下さいnext %E3%80%80Container+freight+rates+on+major+shipping+routes+are+falling+to+levels+that+are+unprofitable+for+container+shipping+companies.+As+of+September+22%2C+the+container+freight+rate+to+Northern+Europe+was+%24623+per+20-foot+container%2C+the+lowest+price+of+the+year.+It+is+the+first+time+since+2019+that+prices+for+Northern+Europe+have+fallen+below+%24700.+The+cause+is+a+slack+supply+and+demand+balance+due+to+an+increase+in+supply+due+to+the+completion+of+new+ships.+Initially%2C+it+was+thought+that+when+market+conditions+softened%2C+container+shipping+companies+would+reduce+their+fleet+capacity+based+on+past+experience%2C+which+would+prevent+a+major+collapse+from+occurring.+However%2C+as+the+number+of+new+ships+being+completed+this+year+is+more+than+double+the+average+for+the+past+10+years%2C+it+appears+that+reductions+in+shipping+capacity+has+not+been+able+to+keep+up.+Freight+market+conditions+are+approaching+dangerous+territory+for+container+shipping+companies.+%3Cbr%3E%E3%80%80The+graph+compares+container+freight+rates+from+Shanghai+to+Northern+Europe+compiled+by+the+Shanghai+Shipping+Exchange+%28SSE%29+between+2017%2C+2018%2C+2019%2C+and+2023.+The+period+is+from+the+first+week+of+January+%28W1%29+to+the+end+of+September+%28W39%29.+%3Cbr%3E%E3%80%80Prices+for+Northern+Europe+in+2023+have+gradually+weakened+since+the+beginning+of+the+year%2C+dropping+to+the+low+%24700+range%2C+but+prices+have+rebounded+to+over+%24900+due+to+price+hikes+by+shipping+companies+in+August.+However%2C+the+effect+of+the+price+increase+did+not+last%2C+and+on+September+22%2C+the+price+hit+the+lowest+since+the+turn+of+the+year.+%3Cbr%3E%E3%80%80A+similar+trend+was+seen+before+2019%2C+when+market+conditions+were+tough%2C+and+although+the+conditions+improved+due+to+price+hikes+several+times+by+August%2C+it+did+not+last%2C+and+by+the+end+of+September%2C+the+prices+had+dropped+significantly.+%3Cbr%3E%E3%80%80Cargo+movements+from+Asia+to+Europe+%28Western+Europe%29+are+trending+well%2C+with+approximately+1.5+million+TEU+in+July%2C+an+increase+of+6%25+compared+to+the+same+month+last+year.+In+contrast+to+North+America%2C+where+shipments+continue+to+decline+from+the+previous+year%2C+the+route+environment+is+not+bad%2C+as+shipments+are+trending+well.+%3Cbr%3E%E3%80%80Japan+Maritime+Center+%28Takuma+Matsuda%2C+a+visiting+researcher+at+the+center%29+explains+why+the+market+is+on+a+downward+trend+despite+strong+cargo+movements%3A+%E2%80%9CThe+increase+in+supply+due+to+the+completion+of+new+ships+has+been+too+large%2C+and+demand+%28cargo+movements%29+has+not+kept+up+with+it.%E2%80%99%E2%80%99+%3Cbr%3E%E3%80%80According+to+reports+from+various+research+organizations%2C+the+container+shipping+capacity+from+April+2023+onwards+has+been+increasing+at+a+high+pace%2C+averaging+over+190%2C000+TEU+per+month.+In+the+past+month%2C+new+ships+with+a+total+TEU+of+210%2C000+were+completed.+%3Cbr%3E%E3%80%80Over+the+past+10+years%2C+the+global+container+fleet+has+increased+by+an+average+of+1+million+TEU+per+year.+It+is+expected+that+2023+will+see+ships+with+a+total+TEU+volume+of+2.2+million%2C+twice+the+average%2C+constructed.+The+highest+single-year+completion+volume+was+1.7+million+TEU+in+2015.+It+is+also+estimated+that+2024+will+even+see+ships+with+a+total+TEU+volume+of+3+million+constructed.+%3Cbr%3E%E3%80%80As+of+January+2023%2C+the+global+container+shipping+capacity+as+compiled+by+UK%E2%80%99s+Clarksons+is+25.75+million+TEU.+The+shipping+tonnage+is+expected+to+increase+by+nearly+20%25+over+the+two+years+from+2023+to+2024.+%3Cbr%3E%E3%80%80In+preparation+for+the+National+Day+of+China+holidays+starting+in+October%2C+container+shipping+companies+are+planning+to+implement+measures+to+reduce+vessel+capacity%2C+such+as+blank+sailings.+Although+the+amount+of+reduction+has+been+increased+more+than+originally+planned%2C+some+are+currently+questioning+whether+it+will+be+enough.+%3Cbr%3E%E3%80%80Looking+at+freight+trends+outside+of+Northern+Europe+%28as+of+September+22%29%2C+freight+rates+to+the+west+coast+of+North+America+are+%241%2C790+per+40-foot+container.+Shipping+to+the+West+Coast+is+considered+to+be+unprofitable+if+the+price+drops+below+%242%2C000%2C+making+this+a+critical+moment+for+shipping+companies.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E