News / Box trade demand will finally surpass supply growth in 2020, says Danaos

The Danaos-owned CMA CGM Rabelais © Atgimages

Athens-based non-operating containership owner Danaos Corporation said today it expected container trade demand would surpass supply growth next year.

During its third-quarter results presentation, chief executive John Coustas was bullish on the sector’s outlook, attributing the improving prospects to a combination of low orderbooks and the indirect windfalls for shipowners from the IMO’s 0.5% sulphur cap on marine fuel that comes into effect on 1 January.

“We are aligned with the shipping analyst reports, and our expectation is that container trade demand ...