This month’s Freightos market update webinar looked at the latest demand, capacity and rate trends in the international ocean and air freight markets, with a focus on developing impacts from the US trade war.
We were joined by Parash Jain, Managing Director, Global Head of Transport & Logistics Research at HSBC. Parash’s insights on the container market included:
- Capacity growth – not trade war impacts – could be the major driver of freight rates moving forward.
- The economics of container freight often work against long-term effective capacity management, and could do so this time too.
- Though order book growth at a time of overcapacity seems counterintuitive, carriers may be well positioned and have good reason to keep shipyards busy anyway.
- USTR port call fees may not have a big impact on freight rates, if they materialize at all.
Watch the full recording here:
