News / Carriers warned: no let-up in container shipping overcapacity for three years

© Khunaspix Dreamstime.

Anyone hoping for an end to the overcapacity crisis gripping container shipping is likely to be disappointed… for at least three years.

According to analysis by Drewry Maritime Research released this morning, “slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain”.

Sluggish trade volumes in recent months have forced Drewry to reassess its growth forecasts for the year, and it has almost halved its estimates ...