News / Slow steaming can partially offset newbuilding surge, says consultant

Any recovery in the container shipping market will be overwhelmed by the flood of new vessels entering the market, according to maritime consultancy Maritime Strategies International (MSI).

According to MSI’s April market report, released yesterday, data from the early months of this year have been “dismal”, but there is an expectation that the industry will see some modest annual trade growth at least, starting from the middle of this year.

As a result of the less-than-encouraging economic outlook, MSI believes the tendency ...