ShippingWatch

Container industry is finding a sustainable formula

After fighting and costing each other large deficits, 2019 is becoming the first year in which the broad section of the container shipping industry is showing financial brute strength. Even in the face of global trade conflicts. Maersk's half-year report is expected to reflect a new stage.

Photo: PR / Maersk

Demand is currently not anything to celebrate. The global economic growth is heading south. The trade dispute between the US and China is only getting worse, and even though a hard Brexit may not disrupt volumes on the major tradelanes, it helps illustrate a world that – if not falling apart – is marred by uncertainty.

Pessimists can add to this the fact that there are still too many and too large ships in the global fleet of container vessels, and that shipping companies are still not scrapping enough old ships to maintain a healthy balance in supply and demand.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs