Global ocean carriers reoriented a fair chunk of their capacities to the Transpacific and Asia-Europe tradelines from the second half of 2020 until the end of 2021. This was caused by skyrocketing spot rates and unprecedented demand for the tonnage and empty container equipment in South-East Asia. However, this move caused regional freight rates to go up providing a window of opportunity for regional shipping lines to regain the market share in the Black Sea: “Vassiliy Vesselovski from Informall BG, an investment and consulting group operating in the transport sector, said about the current situation on the Black Sea market.”
“Mainly, the Black Sea region is operating as a combination of feeder services to major container hubs of Turkey and other East Mediterranean terminals with further transshipment onto ‘mother vessels’’. While both global and regional lines have similar strategies on the market, their operation approach could be different.”
“Global carriers optimize their logistics needs on account of regional trades in order to arrange the best utilization of their ocean tonnage, while regional carriers aim for the commercial efficiency of their services. Basically, globals’ main idea is to manage container allocation and ensure well-coordinated positioning of empty equipment within a region whereas their final goal is to generate freight flow for their “money maker” - ocean services.”
Source: container-news.com
