In the mind of most analysts, the shipping industry has already hit rock-bottom and is well on its way to a full recovery. After suffering through years of vessel over-capacity and falling container lease rates, global container shipping companies are finally in a position to better utilize their larger vessels, like the Maersk Triple E fleet, and make a strong effort to return cargo rates to pre-2008 levels. In fact, just recently it was suggested that container lease rates will rise incrementally, beginning in March of 2014. Some say that within a year it can be expected that the cost of leasing a shipping container will be nearly what it was before the financial crisis struck the world.
Aside from an increase in revenues resulting from a rise in lease rates, the demand for shipping containers is expected to continue to grow continuously, in an effort to meet the world’s economic growth figures. In some regions, Maersk expects as much as 5 percent growth in the need for shipping containers internationally. This spells big opportunities for the investment community. Especially for investors who are investing in maritime assets, like shipping container investments.
To addressing the industry’s nagging issues of over-capacity, many of the world’s leading container shipping lines have taken an rather unconventional approach. They have merged with their competition, to create formidable shipping alliances. The most notable being the G6, CKYH and the newly proposed P3 container shipping alliance. Each of these partnerships allows its members to share shipping resources on major trade routes, thereby improving over-all operating efficiency and increasing profits.
It has become more apparent that over the last several years, during the worst of the economic downturn, shipping industry leaders were building opportunities and exploring options, which have helped them emerge from the GFC stronger than when they went in. Collectively they have become more efficient and more profitable. This sort of positive performance is inspiring investors to learn more about Pacific Tycoon’s offer to invest in the global shipping industry and discover how to profit from economic growth around the world.