The outlook for container shipping has deteriorated further in the past three months, resulting in another full-year growth downgrade by Drewry.....MORE
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 previous prediction was 3%, in turn an adjustment on its original 3.9%.
“The weight of risks pressing down on the container market seems to be getting heavier by the day,” said Simon Heaney, senior manager, container research, at Drewry and editor of the Container Forecaster.
“The situation has been exacerbated by a brace of new problems that cloak the market in further layers of concern and uncertainty,” said Mr Heaney....
Tuesday, October 8, 2019
Shipping: "Grim outlook for carriers: Drewry cuts box shipping growth forecast again"
From The LoadStar, October 7:
