News / Economic double-whammy and softening demand add to pressure on box carriers

A slowdown in European economies and fallout from US-China trade war has upped the risk factor for ocean carriers this year, according to the latest analysis by research and consultancy firm Maritime Strategies International (MSI).

The consultant says there could also be softer demand on secondary lanes this year, which will add to the industry’s woes.

In its latest Container Shipping Forecaster, MSI says that, while demand on the major trades “remains fragile”, non-main lane demand presents “an increasing source of risk ...