News / Sinking rates and new capacity create crashing waves in box line financials

The deluge of new containership deliveries continues, the extra capacity driving down freight rates and prompting carriers to improvise new strategies as they face a depressing financial outlook .

According to Clarksons Research data, the container fleet will have grown by 7.3% by the end of the year, almost double the average of the previous four years, and next year this number is barely better, at 6.6%.

If the few carriers to have reported their results are anything to go by, the ...