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Latest Stifel Logistics Confidence Index reading sees improved outlook
WITH a score of 45.9, the January edition of the Stifel Logistics Confidence Index has marked a monthly recovery from a period of steady decline.
Of the four trade lanes covered by the index, Europe to US reversed is recent performance gains, and across all categories (air and sea), recorded notable declines.
By contrast, the other trade lanes performed well on the whole, with Asia to Europe displaying month to month improvement.
Shipping analysts at Drewry's say "insufficient measures to reduce ship capacity will lead to an acceleration of freight rate reductions and industry-wide losses in 2016", reported the UK's Transport Intelligence.
Agreeing, Alphaliner calculates that 24 per cent of total carrier orders in 2015 were composed of ultra-large container vessels, each having a capacity of 18,000 to 22,000 TEU.
This will result in further cascading effects, and put greater pressure upon port facilities; an effect observed when the 18,000 TEU CMA-CGM Benjamin Franklin docked at the Port of Los Angeles, with the facility recording a preparation time of two weeks to be able to unload the vessel.
The logistics confidence index for sea freight improved by 0.3 points to 44.6. Regardless, when compared with the same month in 2015, the index is 13.4 points lower, and it is also 12.2 points lower than in January 2014.
The expected situation index for sea freight achieved an overall gain of 1.6 to 49.5, thanks to increases in three lanes. The exception among the lanes was Europe to US, which lost 2.6 points to total 54.3.
The greatest increase was recorded by Asia to Europe, which rose 4.9 points to 52.7. US to Europe followed, with a gain of 2.3 points taking this lane to 45.0, while Europe to Asia rose 1.1 points to 45.8.
The total air freight logistics confidence Index gained 0.6 points in January 2016, amounting to 47.2. The index is 9.4 points lower than in January 2015, and 9.3 points lower than in January 2014.
Regarding the present situation, the air freight index rose by 0.4 points to 44.2. In a reversal of recent trends, all lanes posted month on month growth with the exception of Europe to US, which lost 5.6 points to reach 51.8.
By contrast, US to Europe stood at 45.7 after gaining 3.1 points, while Asia to Europe and Europe to Asia rose 1.8 and 2.1 points respectively, totalling 43.1 and 36.9.
Europe to US fell against the previous month, this time losing 5.4 points to 48.8. US to Europe, by contrast, increased by 3.5 points to 52.7, while Asia to Europe gained 3.4 points to 50.3.
Europe to Asia noted the weakest gain out of the three improved lanes, with a rise of 1.9 points taking the score to 49.3.
Of the four trade lanes covered by the index, Europe to US reversed is recent performance gains, and across all categories (air and sea), recorded notable declines.
By contrast, the other trade lanes performed well on the whole, with Asia to Europe displaying month to month improvement.
Shipping analysts at Drewry's say "insufficient measures to reduce ship capacity will lead to an acceleration of freight rate reductions and industry-wide losses in 2016", reported the UK's Transport Intelligence.
Agreeing, Alphaliner calculates that 24 per cent of total carrier orders in 2015 were composed of ultra-large container vessels, each having a capacity of 18,000 to 22,000 TEU.
This will result in further cascading effects, and put greater pressure upon port facilities; an effect observed when the 18,000 TEU CMA-CGM Benjamin Franklin docked at the Port of Los Angeles, with the facility recording a preparation time of two weeks to be able to unload the vessel.
The logistics confidence index for sea freight improved by 0.3 points to 44.6. Regardless, when compared with the same month in 2015, the index is 13.4 points lower, and it is also 12.2 points lower than in January 2014.
The expected situation index for sea freight achieved an overall gain of 1.6 to 49.5, thanks to increases in three lanes. The exception among the lanes was Europe to US, which lost 2.6 points to total 54.3.
The greatest increase was recorded by Asia to Europe, which rose 4.9 points to 52.7. US to Europe followed, with a gain of 2.3 points taking this lane to 45.0, while Europe to Asia rose 1.1 points to 45.8.
The total air freight logistics confidence Index gained 0.6 points in January 2016, amounting to 47.2. The index is 9.4 points lower than in January 2015, and 9.3 points lower than in January 2014.
Regarding the present situation, the air freight index rose by 0.4 points to 44.2. In a reversal of recent trends, all lanes posted month on month growth with the exception of Europe to US, which lost 5.6 points to reach 51.8.
By contrast, US to Europe stood at 45.7 after gaining 3.1 points, while Asia to Europe and Europe to Asia rose 1.8 and 2.1 points respectively, totalling 43.1 and 36.9.
Europe to US fell against the previous month, this time losing 5.4 points to 48.8. US to Europe, by contrast, increased by 3.5 points to 52.7, while Asia to Europe gained 3.4 points to 50.3.
Europe to Asia noted the weakest gain out of the three improved lanes, with a rise of 1.9 points taking the score to 49.3.
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