PIERS has issued an exclusive report titled “The PIERS Capacity Utilization Report: First Half, 2011.” This report closely examines capacity utilization, a critical factor in determining both long-term contract freight rates and short-term spot rates for fully cellular vessels. The report is now available for free download.
Capacity utilization refers to the load factor of matching ocean carrier supply with shipper demand. Efficient matching of supply and demand requires accurate and up-to-date market information. PIERS’ report is particularly significant because of the overall lack of carrier supply data available since 2006. This report also offers exclusive information not found with other capacity data sets, as it is derived at the individual vessel-voyage level, enabling PIERS to provide estimates of capacity deployed by steamship line when multiple lines are sharing the same vessel-voyage.
“PIERS capacity data is unlike any other capacity data set. Because the data is derived at the individual vessel-voyage level, it is more useful for market research, analyses of trends in demand, supply and vessel dimensions, vessel routing, infrastructure constraints and industry concentration,” said PIERS Vice President, Jeff Campbell.
This report is a broad overview of capacity utilization on major U.S. trade lanes by quarter, and as well as a comparison of the first half 2011 and the first half of 2010. Beginning with an overview of total capacity and capacity utilization, the data is then broken down to the trade lane level.
The PIERS report can be leveraged to ascertain the underlying factors affecting regional water-borne trade worldwide, as well as their impact on your current and future business decisions. Download your exclusive and complimentary copy of the PIERS Capacity Utilization Report: First Half, 2011 to learn more about this market segment.