The segment of marine freight passed on the crisis provoked by the coronavirus pandemic. Revenues of companies over the past months have taken off to a record level since 2008, since the rapidly growing demand for goods and failures in supply chains led to an increase in freight cost. This is reported by Bloomberg with reference to the analytical company Clarkson Research Services.
For the restoration of the economy from the consequences of the coronavirus pandemic followed the growth in demand for goods and raw materials. At the same time, the continuing failures in supply chains do not allow some ports to work in normal mode. Many vessels are delayed, which limits their number and contributes to the increase in costs for transportation of goods.
The lack of product containers led to an increase in the delivery cost, which is now costing up to 14 thousand dollars for the transport of one container from China to Europe, which is 500 percent more than in 2020. Because of this, the transportation of goods has risen in price, and the demand still remains high.
Ladder of the industry A.P. Moller-Maersk A / S has already increased the estimated annual profit by $ 5 billion. At the same time, the large seasy container carrier CMA CGM SA declared the freezing of spot rates – immediate terms of payment of the transaction – to maintain long-term relationships with customers. In other words, the company refuses profits, which confirms the growth of the yield of the sector.
In the bulk vehicle sector, the profit reached a 11-year-old maximum due to high demand for raw materials. “The main indicators of demand and suggestions in the future will remain extremely high,” said Ted Petrone, Deputy Chairman of Navios Maritime Holdings. In his opinion, the price of spread and freight rates will be maintained at a high level.