PDF《DHL Global Forwarding, Freight》

2013 5,5% 5,1%

2012 6,1% 4,9% 13,7%

2009 6,8% -9,2% 3,4%

2015 7,4% 2,2%

2014 6,3%

2016 4,3% 2018E 4,5% 2017E 4,7% 4,2% 3,1%

2011 8,0% 7,8%

2010 9,7% Demand Supply DHL Global Forwarding | OFR Market Update | Aug

2017 5

5 Market Outlook August

2017 C Major Trades Strong volume and upcoming peak season in conjunction with capacity control by carriers leads to further increasing rates EXPORT REGION IMPORT REGION CAPACITY RATE EURO AMNO = = AMLA = + ASPA = = MENAT = = SSA = = AMNO AMLA = + ASPA = = EURO = = MENAT = = SSA = = EXPORT REGION IMPORT REGION CAPACITY RATE AMLA AMNO = + ASPA - = EURO = + MENAT = = SSA = + ASPA ASPA = = AMNO = + AMLA = + EURO + + MENAT = = OCEANIA = + KEY Strong Increase ++ Moderate Increase + No Change = Moderate Decline - Strong Decline - - DHL Global Forwarding | OFR Market Update | Aug

2017 6

6 Market Outlook August

2017 C Ocean Freight Rates Major Trades NEW: Market outlook on smaller trades available in the back-up O C E A N F R E I G H T R A T E S O U T L O O K ASPA C EURO As we enter the traditional peak season in Q3, uptick in demand is expected and market rates are expected to increase further. General expectation for carriers to implement PSS/GRI EURO C ASPA Rates are stabilizing;

pick-and-choose of carriers continues ASPA C AMLA Space will continue to be tight as we enter into the traditional peak period. There are a few extra loaders to ECSA, but only to evacuate rolling cargoes, not for spot deals and special rates. We also hear of some carriers regrouping to Mexico &

WCSA, with small capacity increase, yet to be confirmed. GRIs have been announced for 1st &

15th Aug '

17. ASPA C AMNO The trade is in the peak and carriers indicating full ship situation. Spot rates expected to increase substantially with two planned increases on Aug 1st GRI &

Aug 15th PSS. EURO C AMNO Well utilized vessels and lifting still strong in July. Short term rates will remain unchanged the rest of the quarter. ASPA C MENAT Still facing high utilization into Middle East and Africa. Carriers have successfully implemented GRI in July, and remain firm on limiting low paying cargo on board. ASPA C ASPA Rates into IPBC region have stabilized. Though space continue to be tight, we are not seeing mid month rate increases as opposed to preceding months. Customers should continue to be encouraged to place bookings at least 2-3 weeks in advance to minimize probability of space rejections. Despite period being the traditional slack season for the trade to SPAC, some carriers are already experiencing space issues out of certain ports. Bookings should be made as early as possible to secure space. The peak season is expected to start in August. DHL Global Forwarding | OFR Market Update | Aug

2017 7

7 Market Outlook C Volume Outlook in Main Trade Lanes,

2017 Estimate &

Growth Forecast 2017/20 in % N O R T H A M E R I C A I n c l . M E X I C O 3.5 mTEU +1.2% 1.7 mTEU +0.9% 1.7 mTEU +1.3% 0.2 mTEU +3.0% N O R T H A M E R I C A I n c l . M E X I C O L A T I N A M E R I C A E U R O P E I n c l . M E D 11.9 mTEU +1.6% 7.0 mTEU +0.9% 7.6 mTEU +0.7% 15.8 mTEU +0.9% 7.0 mTEU +0.9% 4.5 mTEU +2.8% 2017e, in mTEU 2017e-2021e CAGR, in % F A R E A S T I N T R A A S I A excl. Oceania 35.1 mTEU +3.1% 3.5 mTEU +1.3% 2.0 mTEU +0.7% L A T I N A M E R I C A G L O B A L C O N T A I N E R T R A D E

2 0

1 7 e

1 3

8 .

5 m T E U +

2 .

3 % C A G R

2 0

1 7 e -

2 0

2 0 e ? Mid-term growth is mainly driven by Asian tradelanes. Source: Drewry DHL Global Forwarding | OFR Market Update | Aug