Diversions from Red Sea proving a real ‘silver lining’ for carriers
The current equilibrium between supply and demand in container shipping depends on the duration of ...
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Container demand is expected to be muted this year as freight rates continue heading south, according to China International Marine Containers (CIMC) chairman and CEO Mai Boliang.
However, at the company’s AGM last week he also predicted that, with periodic renewal, container demand would improve in 2024.
Mr Mai, who leads the world’s largest container manufacturer, said few new containers were on order this year, so increased scrapping of old boxes could mean demand would recover next year.
The meeting was two months ...
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