FruitTrop Magazine n°239
March 2016 edition: mango close-up, apples and pears, Tunisian dates, Israeli dates.
- Publication date : 5/04/2016
- Price : Free
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Sea-freight: negative outlook in 2016 according to Moody’s
- Published on 13/04/2016 - Published by Market News Service / FruiTrop
- FruiTrop n°239 , Page From 15 to 15
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- Product(s) : Sea freight
- Rubrique / Thématique : Direct from the markets
- Country : China , World
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The rating agency has revised its forecast downward for the sea-freight sector. The blame lies with the distinct slowdown of the Chinese economy, which in particular has brought a steep slowdown in the country’s imports since late 2014. In parallel, the problem of transport overcapacity will intensify in 2016, with more than 50 mega container ships due to be commissioned. Hence Moody’s predicts supply exceeding demand by 2 % for the current year. Furthermore, the fall in oil price will not have as marked a positive effect as in 2015 for shipping companies, since it has been passed onto the 2016 rates.
Source: Reefer Trends