Container Market Report January 2020

    It is said that the world enters a big turning point. As a result, might the globalization increase a gap in every aspect of us? The rich grow richer, the person who is full of ideas makes a company and they decide a world standard. Of course, the regulation of the country is removed there and supports their activity. The system that became old, and the regulation not to match for the Era should be taken away its frame and it is necessary to be humility to hand over a seat to the leading role of the next generation in all ages GAFA was born naturally to be born.
On the other hand, under the flag of the all free competition, we accept such big undulation with pleasure and it seems we enjoy freedom but we may become inconvenient by the freedom. I am convinced that the energy to defeat such inconvenience changes the times.

The world grows up. This is an obvious fact. The world continues growing up. You consider growth to be small or do you consider that it is big? The movement is not constant. I can consider that the declining power is collecting the power to rise next. World population of 7.7 billion people, of which energy has an unimaginable power.               Many people expect the world economy will recover after the 2nd half of the year?

 

OECD World 2020 Economic growth rate prediction
Nov.21,2019

Country Growth rate
USA 2.00%
China 5.70%
Japan 0.50%
Korea 2.30%
Germany 0.40%
England 1.00%
France 1.20%
Italy 0.40%
India 6.20%
Brazil 1.60%
Euro Zone 17 contries 1.00%
World 2.90%

 

The U.S. Department of Labor announced on Jan. 10th that the employment statistics of Dec. 2019 that the number of the non-agriculture section employees has 145,000 increase compared with the month before and the unemployment rate is 3.5% which is the same as the previous month. The mean hourly wage is $28.32, up 2.9% from the same month a year ago.
The New York stock market, the Dow Jones Industrial Average exceeded $29,000 for the first time on Jan. 10th. It is expected that the extended economy in America enters in 6th month and 11 years in Jan. 2020. It is thought that the economy of this year continues expanding more towards a presidential election of Nov. 3rd. The fourth addition duty scheduled on Dec. 15, 2019, motion of $158.9 billion are canceled so that a sign of the improvement for the U.S. and China trade war is seen in a stand-down state.

The British assembly approved a related bill of the European Union (EU) secession on Jan. 9th and the secession of the end of Jan. was settled and a transition period began. I want to expect them to come to agreement with EU by Dec. 2020. the British secession seems to retrogress to the times when Europe is gathered up as EU. Is it British style ironical national traits? We should assume it affirmation. We should do it with affirmation. No country is the same. It is the world. Religion makes it complicatedly. We should respect that there is some reason. It is necessary to pursue the sovereignty of the country, prosperity of the nation, the economic development as we affirm all.

The shipping company coped with sulfur oxide (Sox) regulation carried out from January, 2020, and containerships (238 ships with 1,368,526TEU) to be attached a scrubber (effluent gas washing device) occupied 68% of total waiting ships and 5.9% of all containerships in service in the world as of Dec. 23, 2019. On the other hand, the price difference between low sulfur fuel oil (LSFO) and high sulfur fuel (HFO) are $300 per ton in Rotterdam and $350 per ton in Singapore and such situation will continue till Lune New Year vacation in China. Therefore, it is said that the shipping company plans the record-breaking suspension measures of containerships after Luna New Year.

I am a little concerned about economic slowdown of China and a fall of the domestic individual consumption in China but I think expansion of the economy in America, the recovery of the semiconductor market will come to switch to the offensive. World container movement for the past 19 years is the proof. We are not pessimistic about our future.

 

 

The new container price of the end of Dec 2019 of China is $1,800 per 20f, $180 (11%) rise from $1,620 per 20f of Nov. 2019. The total number of the new containers in factory in China is 990,456TEU (Dry: 929,588TEU, Reefer: 60,868TEU).

    The building certification should be required by government office when we use ISO container in Japan as a warehouse, a store, a house. I think that it is regulation not to match in the times. The regulation is applied only in Japan. ISO container should receive CSC periodical inspection and it is managed every at least 30 months (2.5 years). The container owner receives ACEP (Approved Continuous Examination Program). In addition, cargo handling, ship loading are prohibited after the container that CSC periodical inspection time limit passed. Do you need further security about the container?

As for living some irrationality, absurdity stand in the way. I feel like to have changed my challenging spirit against the irrationality, absurdity to the driving force to live and having lived till today. Judging from my sense, I feel like getting some big power in 2020, which I am not sure. Or I feel like being able to change the present flow into a bigger powerful flow. It is not mere bravado but it comes from an everyday effort of my own and ability of the EFI staff and their growth. It is certain that a warm support from many customers encourage us very much. I am thinking the year of 2020 is very important as the first year of the next 10th year. Therefore, I want to challenge the motto being faithful to my own words.