In 2015, ocean freight shipping will embark on a great journey. It is projected that 1.7 million TEUs (twenty-foot equivalent units) will be transported in 2015. And while the ocean freight shipping industry is excited about the prospect of moving containers across the world, it seems that overcapacity is going to be a major issue to still deal with from 2014. As you plan out your supply chain in 2015, it is wise to examine an outlook for ocean freight shipping.
Most experts anticipate that the container shipping rates will be about the same they were last year, due to the abundance of larger vessels. Meanwhile, other forms of transportation like air, trucking or rail will see rate increases of 5%-7% in 2015. Drewry Shipping Consultants estimates containership profitability will increase in 2015 because of lower unit costs. Overall, this is a positive outlook for the ocean freight shipping industry in 2015. This is great news for many carriers, freight forwarders and shippers.
Perhaps the biggest issue concerning shippers, as we enter 2015, is with port congestion, especially on major west coast ports like Los Angeles and Long Beach. A chassis solution is expected to begin shortly in just a few weeks to ease congestion. There should also be a new contract with the dock workers in 2015, especially if there is Federal meditation.
The major question for ocean freight shipping in 2015 deals with the impact from the 2M Alliance between Maersk Line and Mediterranean Shipping Company. There is also an Ocean Three Alliance between CMA CGM, China Shipping Container Lines, United Arab Shipping Company. The launches of these new alliances will certainly impact the ocean freight shipping industry in 2015 and beyond.