There once was a time, not that long ago, when the global container traffic increased every year by double-digit percentages, and a time when shipowners could optimistically keep ordering more vessels and larger vessels because the economic growth alone was enough to secure business. Then, a few years ago, the market growth fell to just five percent on average. And over the course of 2015, the decline really took hold of the industry: "4-5 percent" became "3-4 percent". And in October of last year this became "1-3 percent". Now it looks as though the demand for container transport in 2015 will land as close to zero as one can possibly come, thus constituting a record low after 30 years of growth which has shaped an entire industry.
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