“Snookered” shipping lines face up to four years of losses as weak demand, ordering and a lack of demolitions have led to overcapacity, low rates and will ultimately see returns crash.
New capacity will hit the water at a rate of around 2 million TEU a year with substantial numbers of ships confirmed on order for delivery between 2024-2026 with Drewry Shipping Consultants’ Simon Heaney warning that “every new delivery adds a to the challenge [of returning to a supply/demand balance]”.
“The...
https://container-news.com/stymied-lines-face-several-years-of-pain-says-drewry/