Years of shipping oversupply and declines in freight rates have created a shipping crisis that directly impacts Oil & Gas firms. In this market update, our Energy Intelligence Group shares:
- Why slowing trade growth has caused a massive oversupply of containerships
- How oversupply should translate into much lower freight rates for you and your suppliers
- Why the shipping crisis is systemic and how initial bankruptcies in firms like Hanjin signal a larger wave of financial distress
- How that introduces risk of delay and disruption into your Supply Chain (and specific, tactical methods for mitigating that risk)
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