News / Grim outlook for carriers: Drewry cuts box shipping growth forecast again

container,container ship in import export and business logistic,

07/10/2019

The outlook for container shipping has deteriorated further in the past three months, resulting in another full-year growth downgrade by Drewry.

This is especially unwelcome news for carriers which, over the next few quarters, face a fight for survival in the face of a steep jump in operating costs as a consequence of the IMO’s 0.5% sulphur cap on marine fuel that will become law on 1 January next year.

The consultant said it now expected global port throughput to rise by just 2.6% this year – its ...