Container shipping can see ‘green shoots’ of freight demand recovery
Some liner services are reported to have full ships again, container spot rates have stabilised, ...
The takeaway from Drewry’s latest quarterly Container Forecaster is that replicating last year’s financial performance – which was hardly stellar by any stretch of the imagination – this year will be a tough ask for container shipping lines. Capacity on the headhaul westbound Asia-Europe trade is expected to increase by a mighty 10.2% this year. The trade is already suffering from serious overcapacity, quite what effect this addition will have remains to be seen, although it’s likely to be X-rated viewing.
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Container shipping can see ‘green shoots’ of freight demand recovery
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