19/12/2022at 14:41

Analyst firm: Major box carriers could face a new price war

A price war could begin ahead of the Chinese New Year, which falls at a time when demand is in decline and new ships are about to enter the market.

In 2021, Chinese New Year celebrations were marked by the pandemic. Freight volumes usually decline during this time, but carriers have no intentions of reducing capacity this year. | Photo: Tang Ke/AP/Ritzau Scanpix

by KIM WIESENER

Container liners could be thrown into a price war similar to the one disrupting the market some years back, writes Sea-Intelligence in its weekly newsletter, in which the analyst firm has examined prospects ahead of the Chinese New Year at the end of January 2023.

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Archival photo. Container ships at the port in Keelung Harbor, Taiwan, on Aug. 6, 2022. | Foto: Jameson Wu/Reuters/Ritzau Scanpix

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