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Shipping Demand Remains Positive, Says NYK Line

Early Chinese New Year may provide ‘artificial peak,’ but capacity could return A senior executive at container ship operator NYK Line said Monday the carrier is seeing stronger trans-Pacific demand than expected at the start of the year but will wait several weeks before deciding whether to restore capacity there.

"The demand right now is a little more than we had planned for,” Peter Keller, executive vice president and chief operating officer of NYK Line (Americas), said at the annual National Retail Federation meeting in New York.

NYK Line is among several carriers that have scaled back capacity since the middle of 2009, when container volume was falling sharply and West Coast ports were seeing imports from Asia fall more than 30 percent.

Some shippers reported tight capacity out of Asia in late 2009 as an upturn in demand ran into space-cutting measures that included idled ships, elimination of port calls and greater use of joint capacity under vessel sharing agreements.

Keller said the demand has remained relatively strong but notes the relatively early Chinese New Year, which will be Feb. 14 this year, may have manufacturers and retailers trying to get goods in place for the first quarter before factories shut down for the holiday.

“Right now we have a bit of an artificial peak created by the Chinese New Year,” he said. “If the demand continues after the Chinese New Year, we all have lots of ships that we can throw into the mix relatively quickly."

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