Container

Opinion: It would be wrong to describe the downturn as extreme

The rate decline and prospect of overcapacity for container carriers is at the normal end compared to previous events, says Lars Jensen.
Although the current market seems difficult for container shipping companies, this is a relatively common cyclical downturn, according to Lars Jensen. | Photo: Magnus Møller
Although the current market seems difficult for container shipping companies, this is a relatively common cyclical downturn, according to Lars Jensen. | Photo: Magnus Møller
BY LARS JENSEN, ANALYST AND FOUNDER OF VESPUCCI MARITIME

The period 2020-2022 saw the most extreme market conditions in the history of container shipping. On that background it could be tempting to see the current market decline and spectre of overcapacity in an equally extreme light.

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