Container Market Report June 2016

The rainy season in Kanto of this year sets in on June 5. It is earlier three days than an average year and is later two days than last year. The rainy season in Japan follows until about July 20 in an average year. The hydrangea grows lively at time of this rainy season. The purple color adds to brightness whenever beaten in the rain. The hydrangea varies from purple-red to violet gorgeously as if it was waiting this time by the corner of each domestic garden and appeals to us for the existence. The hydrangea heals discomfort of the humid rainy season in Japan. I hurry to the station every day while watching such a hydrangea.

The world approaches the big change. The whereabouts of the U.S. President election are fights of the former Secretary of State Hilary Clinton as Democratic ticket and Mr. Property Tycoon, Donald Trump of the Republican Party recommendation. Is it the birth of the American first woman President as a successor of the American first black president, Barack Obama? A referendum in UK will be performed on June 23 to ask the secession from European Union (EU) and it will control the future of European Union (EU).

The world economy becomes more unstable. Postponement of the additional rise in interest rates made on June 6 by Yellen, the chairperson of the Federal Reserve Board (FRB). Rise in crude-oil futures market price. Iron ore, crude oil import of May in China increased by 20%, 40% respectively on the basis of amount from a year earlier. As a result, the currency of the resource-rich nation, the Russian Louvre, the Australia dollar, real of Brazil, Canadian dollar rise for the dollar of the United States. Japanese yen is $ 1.00 = 107.10 yen as of June 10. It rises 13.3 yen, 11% of strong yen than one of Jan. 4 2016. On the other hand, the outflow of the fund from the resource-rich nation happens when USA raises interest rates. At all events the world speculation money moves around the world for profit.

Japanese 3 shipping lines (NYK, MOL, K Line) announced in mid of May that they will form 3rd Alliance by the name of “The Alliance” in partnership with 3 shipping lines of Hapag Lloyd, Yang Ming Marine, Hanjin Shipping from next April. It becomes the alliance of the scale that can compare with “2M” and “ Ocean Alliance “ in East-West routes. Therefore each shipping company will push forward the maintenance of the container for new alliance reorganization from the next year. In addition, several companies of the major shipping companies proceeded the procurement of own containers and the long term from the lease companies for the summer demand period at this time. Major demand is quantitatively for substitute one. It aims at reduction for repair charge and operation cost by replacing the existing old containers with the cheap long-term lease. The new container price is settled down in $ 1,400 per 20f. The number of new containers in China factories changes by slight decrease in 690,000teu from last month.

The Chinese container maker is obliged to carry out use of the water-based paint for an environmental problem from this July. The water-based paint usage currently starts from Guangzhou in southern China but the painting of the container will be rearranged in water-based paint in the whole land of China by next April. On the other hand, the problem for prevention of rust characteristics of the water-based paint is left.The price hike of the water-based paint container cannot be avoided when we think about the need of correspondence such as cost of the water-based paint, the plant equipment maintenance of that purpose. As of that purpose, we seem to have the rush demand for the conventional solvent type painting containers in June, too. We cannot deny the possibility that the countries except China begin container production. However it will be depending on a construction price, the repair price for container made by water-based paint, container life state of things.

EFI asked the hello work in the middle of May for the talented persons for expansion of business. We have a large number of application, and the application already closed it, but thanks what many excellent talented people applied for. There were a lot of applicants for the job, particularly excellent women whom they are quite reliable. We would like to materialize our dream and to share brilliant future with our staff including such highly motivated new staff together.