Independent journal on economy and transport policy
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the BIMCO preannounces "another challenging year" for the marine transport
For the segment of the container a prosecuzione of the difficulties is attended, that they will be only mitigated if the operators will strive in order to limit the offer
January 4, 2016
The BIMCO has launch a warning to the operators of the shipping having preannounced "another challenging year" for the marine transport. Outlining the happened developments of the total economy in 2015, than - it has specified the main world-wide association of the industry of the shipping - "it is not never really taken off", the BIMCO has informed that the hopes of a bounce in the 2016 are diminished.
In particular, the association has found that, if on one side "the International Monetary Fund has previewed rates of growth of the GDP generally more elevated", however, "since China is revaluing its increase and future strategy, the field of the marine transport can expect uncertainty and a minor support by one of the more motor important of the increase of the question of marine transport of the last years".
Regarding the field of the marine solid bulk transport, after gruesome first part of the 2015 continuation from a sure improvement, with a Baltic Dry Index that in the end of November has touched the new historical minim of 498, the BIMCO considers that in the 2016 offer it will record a rise pairs to +2% about (+2.6% in 2015) and that a positive impact will reach from a new record of the level of the naval demolitions, while on the front of the question the increase would have to remain stable.
For the field of the liquid bulk transport, the association previews that after 2015 that has been the better year for the oil tankers from collapse of the market of end 2008, the important reconstruction of the oil escorts realized last year can in 2016 slow down the increase of the question of oil tankers. Since this year is attended increase of +4.5% about of fleet of ships for transport of oil crude regarding +2.3% in 2015 - it has explained the BIMCO - and since the increase of the question is improbable that it reaches the elevated level last year, of it will achieve a pressure to the decrease of the hires. The association considers that analogous conditions will happen also in the segment of the product tanker.
For the containerized transport, after a 2015 extremely difficult one for the shipowning companies that operate in this segment, the BIMCO previews that this year the difficulties could be only attenuated if measures for a re-balance of the market will be adopted. In particular, in consideration of the most recent esteem that indicate a Gross Domestic Product increase of the world-wide minor regarding the precedence it attended, and a consequent limitation of the potential rise of the question, according to the BIMCO is "still all-important" a careful management of the ability to the fleets by the single operators. Observing that in the 2015 income new record portacontainer in the world-wide fleet for a total cargo ability pairs to beyond 1,6 million teu have not sure contributed to diminish the imbalance between supply and demand, in 2016 it is attended more contained contribution than new cargo ability: "this - it has emphasized however the association - is not sufficient and means that the difficult conditions of the market of the containerized marine transport will continue for another year".
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