News / Grim forecasts for shipping peak season – 'even Nostradamus would despair'

ID 144595589 © Mr.siwabud Veerapaisarn | Dreamstime.com

Analysts are marking down growth forecasts for the container sector following a disappointing first half-year and increasing concern about a “damp squib” peak season.

Drewry’s recent Container Forecaster highlights a “series of existential fears” beginning to appear, “which could dent demand for shipping in the future”.

The new threats include the regionalisation of manufacturing supply chains and a “growing momentum behind a low-carbon, environment-first campaign that has the potential to fundamentally change global consumption habits”, said the shipping consultant.

Last month, Bimco chief economist ...