News / Container lines "heading deeper into a hole" as demand dries up and capacity increases

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A slowdown in global manufacturing and the world’s economy will hobble container shipping’s growth prospects at the same time as ship sizes continue to increase, according to new industry reports from shipping association Bimco.

“Global economic growth continues to slow with recession warnings sounding in many corners of the world, none of which points to high global trade volume growth for the time being,” said Bimco.

It noted that the global manufacturing PMI (purchasing manager’s index) had been under the 50 benchmark ...