COSCO
SITC
PACIFIC LINES
Tuesday, 26/11/2024, 10:13 (GMT +7)
394
Global shipping sees highest growth in tonne-miles since 2010
The global shipping industry has seen its highest growth in tonne-miles in 14 years as the Red Sea crisis and drought in Panama have led to higher demand for vessels and higher freight rates..webp)
The Red Sea shipping crisis - and drought in Panama - have led to the highest recorded increase in tonne-miles this year since 2010, helping to push freight rates to highly profitable levels for most shipping segments.
According to data from Clarksons Research, seaborne trade is still on track to grow by 6.5% in tonne-miles this year, the fastest pace in 14 years. Annual growth in tonne-miles has averaged 2.9% since the financial crisis.
“With disruption and increasing trade complexity driving voyage distances, this has significantly boosted vessel demand,” Clarksons noted in its most recent weekly report.
The London broker said global seaborne trade volumes are on track to hit 12.6 billion tonnes this year, forecasting what it described as a “mind- boggling” 66.6 trillion tonne-miles.
Speaking at last month’s Maritime CEO Forum held at the Monaco Yacht Club, Jan Rindbo, CEO of Danish shipping giant Norden, pointed out that today’s global fleet is built for a fully optimised trade.
“This is why we have great markets because we’ve seen this fragmentation with Russia, Red Sea or whatever it is,” he explained. “So I think fragmentation will mean you need more ships to transport the same volume of cargo.”
The ClarkSea Index, a cross-industry weighted barometer of the shipping industry created by Clarksons, was at $23,022 a day on Friday, 32% above its 10-year trend.
Data from Gersemi Asset Management (see chart below) shows that container ships have seen the biggest adjustment in trading patterns due to the ongoing Houthi campaign against merchant shipping in the Red Sea and Gulf of Aden.
Alphaliner reported this month that the ongoing Red Sea crisis has had a bigger impact on container ship usage than covid, helping to push profits to a significant high this year.
Estimates from US-based Blue Alpha Capital show that the container shipping industry raked in a total of $26.8 billion in profits in Q3, more than double what the container shipping industry earned in any previous year outside of the covid period.
See more:
- International shipping and logistics market update - Week 47/2024
- Global Container Shipping Industry Profits to Rise 'Hugely' in 2024
- Evergreen in talks for first megamax order of the year
- Hapag-Lloyd joins ONE and others in installing bow windshields
- Shipping looks back at a turbulent year in the Red Sea and 1,000 days of war in Ukraine
- Long Beach Breaks Record with Nearly 1 Million TEUs in a Month
- Port of Hamburg reaches 5.8 million TEU in the first nine months of the year
- COSCO SHIPPING's investment in Chancay Port in Peru begins operations
- Trump Wins US Presidential Election – 10 Key Questions for Container Shipping
Source: Phaata.com (via Splash247)
Phaata.com - Vietnam's First International Logistics Marketplace
► Find Better Freight Rates & Logistics Services!
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
_(2).webp)
HOT PROMO
See more
420
LCL
1 Days
Freight cost
Expiry date
Panda Logistics
1.8
642
FCL
4 Days
Freight cost
Expiry date
CÔNG TY CP PROSHIP
1.8
1424
Other
Expiry date
.webp)
Công Ty TNHH Thương mại và Dịch vụ Vạn Hải
1.8
512
FCL
27 Days
Freight cost
Expiry date
CONSOLIDATED POWERS LOGISTICS VIETNAM
1.8
579
FCL
12 Days
Freight cost
Expiry date
Công ty Cổ phần Dịch vụ Chuỗi cung ứng Quốc tế HML
1.8
WHY PHAATA.COM?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find price quickly
and
Send quote request
Compare Quotes
and
Selection
Contact for Further Consultation
and
Send request booking
Get feedback
and
Direct Negotiation
Management
and
Evaluate
Freight rates
Sea freight
7
Days Transit
- $300 / 20'GP
Valid till: 2026-01-31
CÔNG TY TNHH SHIP LINK VIỆT NAM
0.4
20
Days Transit
- $815 / 20'GP
- $1,010 / 40'GP
Valid till: 2026-02-27
Chi nhánh tại Khu vực Bắc Bộ - Công ty TNHH Giao nhận vận chuyển Quốc tế Trường Hải
3
25
Days Direct
- $1,390 / 20'GP
- $1,760 / 40'GP
- $1,760 / 40'HQ
Valid till: 2026-01-31
SOV（越南海光）
0.1
45
Days Transit
- $3,400 / 40'HQ
Valid till: 2026-02-14
Công ty T&T Global Agency
1.8
16
Days Transit
- $180 / 20'GP
- $520 / 40'GP
- $520 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
3
Days Direct
- $0 /cbm
Valid till: 2026-01-31
WR1 MASTER CONSOL
Verified
2.1
8
Days Direct
- $0 /cbm
Valid till: 2026-02-01
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
0.1
19
Days Direct
-
Refund
$75 /cbm
Valid till: 2026-01-31
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
2.6
30
Days Direct
- $40 /cbm
Valid till: 2025-12-31
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
30
Days Transit
- $50 /cbm
Valid till: 2025-12-31
KHAI MINH GROUPS CO., LTD – Ho Chi Minh Branch
2.6
Air freight
1
Days Direct
- 1.9 $/kg
Valid till: 2026-01-31
CÔNG TY TNHH EVERGLORY LOGISTICS VIỆT NAM
2.6
7
Days Transit
- 5.3 $/kg
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN DỊCH VỤ VÀ HẠ TẦNG Ô TÔ THÀNH CÔNG
2.1
4
Days Direct
- 8.05 $/kg
Valid till: 2026-01-17
AN BÌNH EXPRESS
2.6
4
Days Transit
- 3.7 $/kg
Valid till: 2026-01-31
MAXTENA SHIPPING&FORWARDING AGENT CO., LTD
2.7
1
Days Direct
- 2.5 $/kg
Valid till: 2026-01-10
TTL Cargo Max
2.6
Rail freight
20
Days Direct
- $7,300 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
Verified
3.8
3
Days Direct
- $450 / 20'GP
- $600 / 40'GP
- $600 / 40'HQ
Valid till: 2025-09-30
SilverSea Co.,Ltd
2.5
26
Days Transit
- $6,710 / 40'GP
- $6,710 / 40'HQ
Valid till: 2024-12-31
WORLDLINK LOGISTICS VIET NAM COMPANY LIMITED
1.8
10
Days Direct
- $1,000 / 20'GP
- $1,000 / 40'GP
- $1,000 / 40'HQ
- $1,000 / 45'HQ
Valid till: 2024-12-31
VIPUTRANS
1.8
3
Days Direct
- $706.5 / 40'HQ
Valid till: 2024-10-31
CÔNG TY CP PROSHIP
1.8
Road freight
6
Hour
- $136.44 / 20'GP
- $155.39 / 40'GP
- $155.39 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
1
Day
- $155.39 / 40'GP
Valid till: 2026-02-18
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
9
Hour
- $570 / 20'RF
Valid till: 2025-11-30
Headway Joint Stock Compnay
3.5
2
Day
- $2,263.3 / 20'GP
- $3,017.73 / 40'GP
- $3,017.73 / 40'HQ
- $3,017.73 / 45'HQ
Valid till: 2026-10-31
CÔNG TY CỔ PHẦN MORNING LOGISTICS
2
1
Day
- $169.75 / 40'HQ
Valid till: 2025-09-30
CÔNG TY TNHH LOGISTICS FV
2.5
Request For Quotes
Help you send and receive quotes from Forwarders on the market quickly and efficiently.
See more
