A perfect storm of newbuild containership deliveries, weakening demand and a dearth of scrapping candidates is throwing the supply/demand balance hugely out of kilter.
Shipowner association Bimco said it expected a “slight improvement” in the balance next year, but nevertheless added that trade, freight rates and time-charter rates would remain weak.
In its third-quarter overview and outlook publication for the industry, Bimco has downgraded its global container volume growth for this year …
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