Booming Shipping Market and Carrier Competition
The shipping market is booming, with major carriers investing in new ships to capture long-haul routes. CMA CGM recently rented a 7000 TEU ship for $105,000 per day, signaling market recovery and strong demand. Companies like Maersk, CMA CGM, and COSCO are aggressively expanding their fleets.
### Reasons for the Boom
1. **Global Economic Recovery**: Increased trade activities boost transport demand.
2. **Supply and Demand Imbalance**: Pandemic-related capacity shortages have led to high rates, with imbalances still present.
3. **Carrier Strategy Adjustments**: High-rate ship rentals and new routes to expand market share and profitability.
### Strategies for Shippers to Control Freight Rates
1. **Flexible Route Selection**: Choose routes with lower and stable rates.
2. **Bulk Purchasing**: Consolidate shipments to get better rates.
3. **Negotiating with Carriers**: Build good relationships to negotiate better terms.
4. **Alternative Transport Modes**: Consider land or air transport for faster response times.
### OBD International Logistics Services
OBD International Logistics offers tailored transport solutions with extensive shipping resources and a professional team. We help customers optimize transport plans, reduce costs, and control freight rates, while providing full tracking and real-time updates. Partner with OBD for strong support in your international trade.
Post time: Jul-02-2024