APRIL 2016 NEWSLETTER - IT'S ALL ABOUT THE TONNAGE
In reading recent trade journals it continues to be difficult to find anything that points to a turnaround in the ocean transportation business during the next 12 to 18 months. Instead there is a litany of common indicators suggesting continued struggles:
- Charter rates have fallen steadily over the last five to six months.
- Indices in all the major trades reflect record lows.
- Most market growth is projected to be around two percent though added tonnage will increase by eight percent.
It’s the last point that is really the key. Until carriers begin to match their supply with demand they will continue to suffer the consequences of poor forecasting and lack of discipline. . . . Read the full newsletter by clicking the PDF link below.