Container carriers are well-prepared to resist plummeting rates
With a markedly decreasing demand, container liners have to act quickly and limit the fleet capacity. On the other hand, carriers’ extreme earnings in recent years have made them well-equipped to get through a future decline, according to Drewry.
by JENS THOMSEN
The box market is declining at such a rapid pace that carriers are forced to limit their capacity significantly to ensure a soft landing after their historically high earnings in recent years, writes maritime and supply chain consultancy firm Drewry in its recent analysis of the development on the container market.
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