News / Container shipping market looking more buoyant, despite overcapacity

© Ekachai Lohacamonchai

Despite overcapacity fears from a flood of newbuild ultra-large ships, as well as recent container spot rate erosion, analysts have a surprisingly positive outlook on profitability for container shipping this year.

In fact, Drewry said: “The reality of supply growth in 2018 is far less frightening than it was previously.”

It said that due to a number of deferrals and slippage of newbuild tonnage, the “real world” of an influx of between 1m and 1.2m teu will be “largely manageable” and would not ...