News / 'Balancing supply and demand the way to keep container shipping sector afloat'

More work is required to address the issues of overcapacity and weak growth in the container shipping sector, according to speakers at the Intermodal Europe 2016 event in Rotterdam, which opened today.

Michel Looten, director of maritime for Seabury Cargo, said that while forecasts predicted growth of 1.5-2% for 2016, it was a performance that could hardly be deemed a success.

“Currently, we have recorded container shipping [volumes] as being up 0.9% year-on-year – while undoubtedly good news against last year’s performance, we can hardly consider ...