Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
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Any semblance of supply-demand balance in container shipping any time soon is “a lost cause”, Drewry’s Stijn Rubens told delegates at Intermodal Europe in Hamburg yesterday.
The senior consultant at Drewry Supply Chain Advisors, said 2015 was likely to turn out to be the worst year – excluding 2009 – for container demand growth since the 1970s, at just over 2%.
Mr Rubens said weak demand on many tradelanes had been exacerbated by a succession of new ultra-large container vessels (ULCVs) being ...
Comment on this article
Jonathan Roach
December 04, 2015 at 12:03 pmI agree with Mr Fossey, there is a big opportunity for the more aggressive and less risk-averse liner carriers to capitalise on the weaker time charter market to secure cheaper tonnage for as long as possible. World box trade is tepid at the moment but trade has not collapsed and opportunities will arise to increase market share and expand coverage.