Container

Schulte chief executive eyes more dark clouds than sunshine ahead for shipping

The container market is in a downward spiral and the global economy offers little hope of recovery, says the chief executive of Germany’s Schulte Group.
”To order now you have to be pretty brave or have too much money which is more the case for liner companies,” says CEO of Schulte Group Ian Beveridge on the purchase of new container ships. | Photo: Schulte Group
”To order now you have to be pretty brave or have too much money which is more the case for liner companies,” says CEO of Schulte Group Ian Beveridge on the purchase of new container ships. | Photo: Schulte Group
by JENS THOMSEN

The global economy is doing better than many economists predicted last year, but for the shipping industry there are still more signs of crisis than Schulte Group CEO Ian Beveridge likes to see.

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