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Asian Trade Demand Is So Strong That Maersk Is Pulling Off 'Unprecedented' Shipping Surcharges
The Business Insider ^ | 6-23-2010 | Vincent Fernando, CFA

Posted on 06/23/2010 7:02:36 AM PDT by blam

Asian Trade Demand Is So Strong That Maersk Is Pulling Off 'Unprecedented' Shipping Surcharges

Vincent Fernando, CFA
Jun. 23, 2010, 7:09 AM

It's peak trade season, but Asian container trade demand is coming in far stronger than major carriers had expected.

Shipping giant Maersk is running out of containers along its Asian routes, forcing it to bring out of service ships back online in order to simply ship supplies of empty containers to the region.

Hellenic Shipping News:

Head of network and product Lars Reno Jakobsen said: “We are experiencing a demand surge in most trades, which is a development that is both unprecedented and unexpected by us and our customers. “For example, the Asia-Europe trade is growing by 23%, compared with the market’s single-digit expectation just six months ago. “Therefore, we already see a very tight equipment situation. And we expect an even more pronounced and serious shortage of containers in the coming months, as we enter the peak season.”

Moreover, Maersk is reported to be charging 'unprecedented' peak season surcharges for its Asia - Europe routes.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: maersk; shipping

1 posted on 06/23/2010 7:02:45 AM PDT by blam
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To: blam

More OTM illegals needing transportation?


2 posted on 06/23/2010 7:07:02 AM PDT by bgill (how could a young man born here in Kenya, who is not even a native American, become the POTUS)
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To: bgill
Deciding to not pay your mortgage anymore frees up all sorts of funds for buying lots of cheep crap from China.
3 posted on 06/23/2010 7:11:01 AM PDT by avg_freeper (Gunga galunga. Gunga, gunga galunga)
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To: avg_freeper
s/cheep/cheap/
4 posted on 06/23/2010 7:12:30 AM PDT by avg_freeper (Gunga galunga. Gunga, gunga galunga)
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To: blam

Not believing this. Re-stocking ahead of, nothingness.


5 posted on 06/23/2010 7:12:53 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: blam

Not believing this. Re-stocking ahead of, nothingness.


6 posted on 06/23/2010 7:13:07 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: blam

Stimulus money being wasted to help numbers

ELECTIONS ARE COMING.


7 posted on 06/23/2010 7:19:05 AM PDT by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: blam

China dumping backlog on the markets at fire sale prices?


8 posted on 06/23/2010 7:23:07 AM PDT by listenhillary (You might be a modern LIBERAL if you read 1984 & said "YEAH! That's the world that I want!")
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To: avg_freeper

Keep in mind, these containers of products are not necessarily coming to the US. Europe, India, China, Japan, Singapore and South Korea all are buying goods made in these countries. With the exception of Europe, their economies are all doing better than ours.


9 posted on 06/23/2010 7:31:29 AM PDT by woodbutcher1963
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To: blam
““For example, the Asia-Europe trade is growing by 23%, compared with the market’s single-digit expectation just six months ago.”

What's happening in Europe that account for this?

10 posted on 06/23/2010 7:55:41 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: count-your-change
““For example, the Asia-Europe trade is growing by 23%, compared with the market’s single-digit expectation just six months ago.”

Since the "containers" are not needed for the US markets thanks to 0bama the fascist and ICE does not need them to ship wetbacks back to Mexico, perhaps this would be the perfect time to get a lucrative long term lease for your containers in the Asian markets. (/s)

11 posted on 06/23/2010 8:14:28 AM PDT by TYVets (I want to see Congress required to get their healthcare in VA hospitals)
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To: blam
A friend of mine has a patent on a collapsible container, which reduces the volume to one-fourth of the uncollapsed size. A ship can carry four times as many of his collapsed containers as regular empty ones. He's trying to license it rather than manufacture it. Looks like he may be coming into the market at the right time.
12 posted on 06/23/2010 8:17:31 AM PDT by JoeFromSidney ( New book, RESISTANCE TO TYRANNY. More @ www.book-resistancetotyranny.com)
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To: TYVets

I think all the extra containers are leased by the drug cartels for shipping across the border. Finding someone strong enough to carry one through the desert on their back has been a problem though.


13 posted on 06/23/2010 8:20:23 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: blam
I dunno, the Baltic Dry Index (shipping) doesn't reflect any improvement. Getting ready for a big run-up or running out of steam for the next drop? If it is forming a Head and Shoulders pattern, "Katie bar the door".


14 posted on 06/23/2010 9:07:55 AM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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