Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

[Video] Oil & Gas Freight Update: Shipping in Crisis

November 23, 2016 at 10:03 AM / by PowerAdvocate

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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