News / On course for recovery or more ocean freight rate chaos? Opinions divided

© Sheila Fitzgerald

A leading shipping analyst has predicted the return of rate volatility to the world’s major trades as the spectre of overcapacity comes back to haunt the industry.

This is despite growing confidence in a container market recovery over the past six months and other expert opinions.

Tan Hua Joo, executive consultant at Alphaliner, told delegates at the TOC Asia Container Supply Chain event in Singapore this morning, that despite 2016 being the “most balanced year in terms of supply and demand since 2009”, with a ...