News / Bleak outlook for liner shipping – unless carriers take drastic action

Shipbuilding engineer holding construction documents.

ID 90954168 © Michal Bednarek | Dreamstime.com

By Mike Wackett

04/12/2023

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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