News / Record blanking as supply races ahead of demand in container shipping

A perfect storm of newbuild containership deliveries, weakening demand and a dearth of scrapping candidates is throwing the supply/demand balance hugely out of kilter.

Shipowner association Bimco said it expected a “slight improvement” in the balance next year, but nevertheless added that trade, freight rates and time-charter rates would remain weak.

In its third-quarter overview and outlook publication for the industry, Bimco has downgraded its global container volume growth for this year to an anaemic -0.5%, from +0.5%.

This is in contrast to ...