Mer om fraktraterna del 2

Detta låter ju onekligen som lite bra nyheter. Samtidigt så inser man att rater på $11,000 per dag är något lägre än när det var som högst dvs $233,988.

"One of the world’s key shipping markets has begun to recover from a slump, with a revival in Chinese demand for iron ore and coal pushing some average charter prices up almost threefold in the past week."

"Mark Richardson, head of futures at London-based Simpson, Spence & Young ship­brokers, said the rise in prices was in part due to iron ore moving from Brazil and Australia to China. China had halted iron ore imports and relied on stockpiles because of falling steel demand and a dispute over prices with Brazilian producers."

"Spot rates for certain routes are higher than average. A Capesize vessel on the spot market last week was chartered from Western Australia to China carrying iron ore at $11,000 a day, Mr Richardson said.

The market was not yet in “green fields of clover”. There was no immediate prospect of rates returning to the levels of this year, when Capesizes hit a record average charter rate of $233,988 a day on June 4."

http://www.ft.com/cms/s/0/fa1ec080-ca0b-11dd-93e5-000077b07658.html

Mer om fraktraterna
http://intheendwerealldebt.blogspot.com/2008/12/mer-om-fraktraterna.html

These 2 articles tell you everything you need to know. Container slowdown is going global, with the carriers being the most negatively effected. Now let's get some context and perspective. A slowdown means that a massive amount of cargo is still moving and trade is not coming to a halt (if you have a 2% reduction in your paycheck, you still have a lot of money coming in).

What has changed (and why articles act as if the world is ending) is the industry is used to double digit growth rates every year, and they are adding capacity accordingly the cariers' business model just broke as trade has moderated or dropped a bit with 50% more capacity coming online in the next 3 years, and no peak season this year. In short, they did the same thing the US housing industry did, grossly overbuilt with wildly optimistic forecasts and the result will be the same.

http://www.purchasing.com/article/CA6616746.html?industryid=48397

http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article5315446.ece