Where will the freighters go as capacity shifts from tariff-hit China-US lane?
Cargo airlines are scrabbling to find new markets as capacity becomes available following the end ...
ID 90954168 © Michal Bednarek | Dreamstime.com
By Mike Wackett
Supply will outpace demand in container shipping in both 2024 and 2025, according to international shipping organisation Bimco, and this will exert further pressure on freight and charter rates.
Ocean carriers have already pushed back deliveries of some ultra-large vessels into next year, and are likely to try to re-negotiate with yards to slide further newbuilding delivery dates as far back as possible.
In its Q4 market overview and outlook, Bimco says following estimated growth of 7% this year, the container fleet ...
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