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The global shipping industry, which has encountered unprecedented difficulties, may usher in the dawn.
Maritime regulators from China, the United States and the European Union held a global shipping regulatory summit, according to the official website of the Federal Maritime Commission (FMC). According to reports, the meeting discussed a number of issues of great concern:
1. After the outbreak of COVID-19, it analyzed the demand and supply related to international shipping, the difficulties faced by the current shipping industry, and the reasons why the shipping industry was affected.
2. To date, the actions taken by the relevant jurisdictions and regulatory authorities in response to the aforementioned events and their results.
3. What measures may be taken in the future to get the shipping industry back on track.
Haitong International also pointed out that under the support of the fundamentals of supply and demand, the short-term freight rate upward still has a strong resilience, and the freight rate is expected to continue to exceed expectations; the time point when the freight rate enters a stable period still needs to be observed, and the market may need to revise expectations.
The open source securities macro research team pointed out that the global hub of container capacity growth has fallen sharply over the past decade as the industry has been depressed and major container companies have cut back on capital spending on a large scale. While the existing capacity is insufficient, the new ship delivery cycle of at least 2 years makes the capacity of the collection and transportation industry almost inflexible in the next 2 years. Due to the long training cycle and the decline in job attractiveness caused by the superimposed epidemic, the shortage of seafarers will further limit the release of maritime transport capacity. Experience shows that the training and internship time for ordinary seafarers and senior seafarers takes at least 10 months and 2 years respectively. As the epidemic led to the flow of some seafarers.
Maritime regulators from China, the United States and the European Union held a global shipping regulatory summit, according to the official website of the Federal Maritime Commission (FMC). According to reports, the meeting discussed a number of issues of great concern:
1. After the outbreak of COVID-19, it analyzed the demand and supply related to international shipping, the difficulties faced by the current shipping industry, and the reasons why the shipping industry was affected.
2. To date, the actions taken by the relevant jurisdictions and regulatory authorities in response to the aforementioned events and their results.
3. What measures may be taken in the future to get the shipping industry back on track.
Haitong International also pointed out that under the support of the fundamentals of supply and demand, the short-term freight rate upward still has a strong resilience, and the freight rate is expected to continue to exceed expectations; the time point when the freight rate enters a stable period still needs to be observed, and the market may need to revise expectations.
The open source securities macro research team pointed out that the global hub of container capacity growth has fallen sharply over the past decade as the industry has been depressed and major container companies have cut back on capital spending on a large scale. While the existing capacity is insufficient, the new ship delivery cycle of at least 2 years makes the capacity of the collection and transportation industry almost inflexible in the next 2 years. Due to the long training cycle and the decline in job attractiveness caused by the superimposed epidemic, the shortage of seafarers will further limit the release of maritime transport capacity. Experience shows that the training and internship time for ordinary seafarers and senior seafarers takes at least 10 months and 2 years respectively. As the epidemic led to the flow of some seafarers.
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