STABLE AND FIRST HALF BOOST TARIFFS 2017

Values ​​remain one third higher than same period last year

It augurs well for the remainder of 2017: spot prices have remained stable and slightly upward, as a sign of the widespread recovery of an industry that has been fighting for too long.

According to Drewry’s Container Freight Rate Insight report, the Global Freight Rate Index for the first half of 2017 was 36% higher than the first six months of 2016. However, this recovery is still below the values ​​recorded in 2015, the last year that saw stable figures.
Routes to follow

Despite the palpable mood of recovery in the industry, it is difficult to predict the route freight rates will continue during the second half of the year, as the figures for previous years have not shown clear trends in this regard.

The most sensible thing is to do the analysis by route, studying the behavior supply-demand and the rises and downings stationary of each one. In the east-west, the recovery has been more prolific in the Asia-Europe corridor, up 61% during the first half of 2017 compared to the same period last year, and even better than the figures for the six the first few months of 2015. From Europe to Asia, there was a boost thanks to increased demand and reorganization of alliances.

Transpacific routes grew 33%, while Transpacifico Oeste routes had lower yields than the previous two years. On the north-south routes, the India-Europe segment was the highest, with an increase of 83% domestically, while India-Europe increased by 39%. The routes between Asia-Australasia and ECSA-Europe have been the ones with the lowest performance, without exceeding the averages of the previous two years.

Upward trend

However, although not all routes have shown even increases, it is expected that each will remain stable-upward in its levels by the second half of 2017, thanks to the intense activity of integrated operations that have optimized the balance between supply and demand.