Global economic growth remains weak for the rest of 2016 with the IMF projecting only a 3.1% growth and a slight uptick of 3.4% for 2017. Against this backdrop, the ocean freight market continues to struggle. We asked our social media community what they were expecting for ocean freight shipping in 2017. Here are their thoughts.

1. [SURVEY SAYS] WHAT'SYOUR
OCEAN FREIGHT SHIPPING
EXPECTATION FOR 2017?

2. JOINTHE CONVERSATION
ONTWITTER
@XENETA_AS

3. ABOUT
XENETA
At Xeneta we believe there is an untapped potential
for everyone in the industry, to systematically learn
from our individual and collective efforts. We hold
true that "if you cannot measure it, you cannot
improve it". That’s why we think actionable metrics
is the key to continuously evolve for every business,
and ultimately the entire industry. Rethinking global
logistics is the vision of Xeneta.
With international experience from the logistics
industry, we have first-hand knowledge of the
challenges related to high volatility and lack of
transparency in the ocean freight market. By
combining logistics background and information
technology expertise, we found the solution to these
challenges.
WE ARE
TRANSFORMING
GLOBAL
LOGISTICS

4. ARE YOU PAYING THE
RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS
POTENTIAL IN REAL
TIME.
CONTACT US.

5. GLOBAL ECONOMIC
GROWTH REMAINS WEAK
FORTHE REST OF 2016
WITHTHE IMF
PROJECTING ONLY A 3.1%
GROWTH AND A SLIGHT
UPTICK OF 3.4% FOR 2017.
AGAINSTTHIS BACKDROP,
THE OCEAN FREIGHT
MARKET CONTINUESTO
STRUGGLE.

6. WE ASKED OUR SOCIAL MEDIA
COMMUNITY WHAT THEY WERE
EXPECTING FOR OCEAN FREIGHT
SHIPPING IN 2017. HERE ARE THEIR
THOUGHTS.

7. EXPECTATIONS OF
HIGHER RATES IN
2017

8. INTHIS WEEK’S SURVEY, WE
ASKED SOCIAL MEDIA FRIENDS
WHATTHEIR OVERALL OCEAN
FREIGHT RATE EXPECTATIONS
ARE FOR 2017.

9. OVER HALF (56%) OFTHE SURVEY
RESPONDENTS EXPECT RATESTO
INCREASE WHILE 44% BELIEVE
RATES WILL REMAIN STABLE. AN
INTERESTING RESPONSETOTHE
SURVEY WAS ACTUALLYTHAT NO
ONE SEEMSTO EXPECTTHAT WILL
DECLINE IN 2017.

10. SLIGHT INCREASE BUT NOT AS
MUCH AS SOME SHIPPERS ARE
EXPECTING OR AS MUCH AS
CARRIERS WOULD LIKE.
- PETERTIRSCHWELL, SENIOR DIRECTOR,
EDITORIAL CONTENT FOR HIS MARKIT

11. INDEED, OUR LATEST WEBINAR FOR TRANSPORTATION
PROFESSIONALS OUTLINED HOW CARRIERS WERE
SUCCESSFUL IN PULLING UP SHORT-TERM RATES DESPITE
AVERAGE RATES FALLING DURING THE QUARTER
LEADING INTO THE CHINESE NEW YEAR CARRIERS SEEM TO
HAVE BETTER STARTING POINTS TO NEGOTIATE RATES WITH
SHIPPERS GREATLY AS COMPARED TO THE PREVIOUS YEAR.

12. REDUCING
CAPACITY AND
ALLIANCES

13. IT SEEMS THE ONLY EFFECTIVE WAY FOR CARRIERS TO
REVIVE FREIGHT RATES IS TO REMOVE CAPACITY.
ALPHALINER NOTES THAT THE WEEKLY NUMBER OF WEEKLY
SERVICES ON ASIA-EUROPE ROUTES HAS BEEN REDUCED
FROM 2015’S 21 LOOPS TO A MAXIMUM OF 17.
ANOTHER MEANS OF REDUCING CAPACITY IS SCRAPING
VESSELS. ACCORDING TO THE WALL STREET JOURNAL,
ABOUT 1,000 SHIPS WITH A COMBINED CAPACITY TO CARRY
52 MILLION METRIC TONS OF CARGO WILL BE SOLD FOR
SCRAP METAL THIS YEAR.

14. 2017 OUTLOOK | HIGHER
RATES?

15. IT IS TOO SOON TO SAY WHAT WILL REALLY HAPPEN FOR
2017 AS ONE DAY THINGS MAY SEEM LIKE SUNSHINE AND
THE NEXT TORRENTIAL RAIN FALLS.
Q4 IS A TELLING TIME TO SEE HOW THE MARKET RESPONDS
TO MID-MONTH GRIS, CONTRACT NEGOTIATIONS AND EVEN
THE RECENT CONFIRMATION OF THE OCEAN ALLIANCE.
TIME WILL TELL. WHO SAID CONTAINER SHIPPING WAS
DULL?
2017 IS JUST AROUND THE CORNER AND WHILE TRADE
EXPECTATIONS REMAIN LOW, OUR SURVEY RESULTS
INDICATE THE POSSIBILITY OF HIGHER RATES. ALBEIT, THERE
WON'T BE AN IMMEDIATE SURGE IN PRICES, BUT ON A
WHOLE, THERE ARE SIGNS OF A MARKET TRENDING
UPWARDS VERY, VERY (TURTLE PACE) SLOWLY.

16. FIND OUT HOW MARKET
MOVEMENTS PLAYED OUT IN Q3
2016.
DOWNLOAD
FREE WEBINAR

17. LEARN HOW XENETA CAN HELP
YOU GET INSIGHT AND
INTELLIGENCE INTOYOUR
GLOBAL OCEAN FREIGHT PRICES
AND CHANGEYOUR LOGISTICS
BUSINESS:
REQUEST
DEMO NOW