According to Tokyo -based Mitzui Ozk lines (Mole), the marine inventory rates for total carriers are declining as China’s demand is declining.
“The current rates are actually in the fall for the total carriers because the reduced demand in China is reduced,” Mole Corporate Communication Director Joshuke Ishibay told the Business Mirror on Friday.
Although specific statistics were not provided, Ishiby made it clear that the recession was not due to excessive supply of ships, but that demand was down.
In January, the seasonal factors such as rainy season in Brazil and logistics disruptions, including fire on the Canadian export terminals, contributed further to the decline.
The data of Taiwanese cargo company, Damerco, showed that the entire marine cargo market in the Philippines was stable. When rates are fluctuating with market conditions, ports are usually expected to operate throughout the month.
It predicts adequate shipping capacity from the Philippines to Asia with standard rates this month. However, it is looking forward to exporting prices and limited space to Europe, the US East Coast and the American West Coast.
Global Production rose to 49.6 in November from 50.0 to December in BMI. In spite of this, global production performance in 2024 is more than 2023.
Meanwhile, in 2024, global economic growth reached 2.7 per cent, with a four -month high in December.
The S&P Global Mixed BMI rose to 52.6 in November 52.4 to December, mainly operated by the Service Department, especially funds. However, the confidence of 2025 is faded due to geopolitical tensions and rising security, which affected confidence in Canada, Europe, United Kingdom, China and Brazil.
Climatic change
Despite the current challenges in inventory rates, Mole focuses on remedying climate change, which Ishib described as “a major issue for our future stability.”
“To address climate change, we need to invest more capital. We will have to get more expensive fuel. But we hope that we are part of the industry to challenge this climate change by reducing emitter.”
The company is part of the First Movers Alliance under the World Economic Forum, leading to the replacement of the liquid -made natural gas (LNG) through fuel to reduce emissions. It has set an aggressive goal to achieve net zero emission by 2050.
“Investment wise, organization -wise, we are taking a very serious approach,” Ishbay said.
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