ShippingWatch

Newbuild boom could mean end of container upswing in few years

Container lines could go from booming to plummeting freight rates in a couple of years, warns Danish Ship Finance in a new report. An armada of new container vessels could prompt overcapacity in the years to come.

Photo: MSC

Broad smiles among container carriers thanks to their record profits may be replaced by deeply furrowed brows in a few years, once an armada of new vessels hits the water and potentially leads to overcapacity.

That's the warning from Danish Ship Finance in its biannual analysis of the shipping market, Shipping Market Review - November 2021.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs