testata inforMARE

25 September 2022 The on-line newspaper devoted to the world of transports 13:27 GMT+2

September 15, 2022

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Global Shippers' Forum, the maritime transport market containerized has changed direction of travel

New exhortation to antitrust authorities to pose under attention the sector, now that - according to the association - the shipping companies could avail themselves more than ever the opportunities offered to them by block exemptions

In the second quarter of this year the transport market containerized maritime has changed trend. A new further confirmation of this change of direction came from the Global Shippers' Forum (GSF), the association it represents shippers, shippers and owners of goods, and such change is highlighted in the latest quarterly report on this sector elaborated by the organization together with the company of British research MDS Transmodal. The document underlines the decline occurred in the second quarter of this year, for the first time from 2020, of the average revenue per container transported, decrease that - GSF and MDS have detected - is a consequence the lockdown implemented in China to contain the Covid-19 pandemic, the reduction of the supply of finished products, the collapse of the confidence in the major consumer countries, the increase in interest and rising energy prices.

"This - commented the director of Global Shippers' Forum, James Hookham - it is the first time that the report quarterly GSF and MDS shows a significant change in the direction of travel. This is just a set of data, but the shippers tell us that the world economy, trade international and the global maritime market have entered a new phase, with several factors at work compared to the last two years'. Factors that - is a consideration of inforMARE - tend to raise the costs of maritime transport much more than in the last two years, by inducing shipping companies, if not to raise further, to keep at least unchanged the average level of sea freight.

According to the Global Shippers' Forum, moreover, this change of the direction of travel could induce sea carriers containerized to make even more use of opportunities offered to them from exemptions from the competition compared to what - according to what they have repeatedly denounced the representatives of the categories of freight forwarders and of the chargers, including the GSF itself - have already done in the last years: "this change in market dynamics - noted Hookham - could offer a context for the use of freedoms granted to shipping companies within the framework antitrust immunity and exemption legislation by category to reschedule an industry-wide change in terms of capacity distribution, service, frequency of stopovers and concentration of quotas market. Recent experience - added Hookham urging antitrust authorities to put the spotlight on this market - has shown that this is not a respect market to which regulatory authorities may legislate, and then forget about it, trusting that the expected behaviors will come observed'.

With reference to the service models, GSF and MDS have meanwhile detected a recent reconfiguration of sea lines with a further increase during the second quarter of this year of number of services connecting no more than two regions worldwide and a simultaneous reduction of those that connect more of two regions. In practical terms - they explained - this means that long multi-port rotations are replaced by shuttle services that require transhipments in hub ports so that containers can reach their final destinations.

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