Contemporary Logistics in China by Zhi-lun Jiao Shao-ju Lee Ling Wang & Bing-lian Liu

Author:Zhi-lun Jiao, Shao-ju Lee, Ling Wang & Bing-lian Liu
Language: eng
Format: epub
Publisher: Springer Singapore, Singapore

In recent two years, global container freight price has fallen continuously. Take the route of Asia to Northern Europe as an example; the freight price from Shanghai to Rotterdam had once hit the record low at 243 USD per container, which is even lower than the bunkering cost of shipping enterprises (Chen 2015). The slump of container transport market has also caused the fall of throughput of busy container ports. In July 2015, Singapore Port, the world’s second largest transshipment port, saw its container throughput receded by 13.3% year-on-year, recording its worst performance since the 2008 international financial crisis (Chen 2015).

The weak performance of dry bulk and container shipping market has been reflected on the new shipbuilding market. In 2015, new shipbuilding orders plunged quickly to its lowest level since 2012. By November 2015, the number of global new shipbuilding orders was shaved by 23% year-on-year with global order books dropping by 8% to 4667 ships and 29.87 million DWT (Eworldship.com 2016). The bulk carrier new shipbuilding orders contracted in the most evident way. If calculated in DWT, the new shipbuilding orders of bulk cargo, compared with the same period in 2014, slid by 77% (Cjsypz.com 2016).

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