News
Nippon Yusen Kaisha (NYK)’s Research Group on Dec. 4 unveiled the 2015 edition of its annual report on the global containership market. The shipping giant projects the ongoing widening of the gap between tonnage supply and demand will cease this year. The report added that in 2016 and 2017, global container movement will recover notably that increases in tonnage supply will reach at the lowest level in the last 20 years, meaning that the supply-demand gap will begin to improve.
The NYK report indicates that growth in global container traffic will slow significantly in 2015. Container movement worldwide will only increase a minute 2% year on year, due to declines in westbound containers on the Europe trade and sluggishness in business in newly industrialized economies (NIEs), it said. In contrast, the carrier anticipates that container tonnage will expand 8.5% to reach a peak this year.
Meanwhile, major think tanks estimate that container volumes will rise more favorably in the years to come—3 to 6% from a year earlier in 2016 and 4 to 6% in 2017. On the other hand, they anticipate that tonnage will just increase some 4.7% year on year both in 2016 and 2017. Owing to delivery extensions and demolitions, they added, tonnage supply will grow at the slowest level in the last two decades. As such, NYK foresees that container movement and tonnage supply will increase nearly evenly next year and the year after next.
