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Notwithstanding the scrapping of older ships and a knock-on slippage of newbuilds, Drewry today forecast global growth of cellular tonnage in 2015 of 7.2%, compared to a 5.3% increase in demand, thus further extending the gap between supply and demand.

According to Drewry’s latest Container Forecaster report, 2014 was another year of excess supply growth in the container shipping industry, with the total global fleet expanding 6% year-on-year in nominal capacity to 18.1m teu, versus a 5.2% increase in container traffic.

And ...

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