Drewry: Maersk Line's market in chronic overcapacity
2016 has been miserable for the container market thus far, while greater overcapacity and the lowest rates ever lie ahead, projects Drewry. The analyst firm points to bleak prospects for the world's largest container carrier, Maersk Line, which will publish its annual report in a few weeks.
BY DANIEL LOGAN BERG-MUNCH
Maersk Line, the world's largest container carrier, has sailed into 2016 in a storm of bad news, and with a vessel overcapacity that is beginning to look chronic, going by a rough summation of analyst firm Drewry's latest share update about the Danish carrier.
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