NewsSinking rates and new capacity create crashing waves in box line financials

August 4, 2023by 0

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 …

The post Sinking rates and new capacity create crashing waves in box line financials appeared first on The Loadstar.

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