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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Drewry: Maersk Line's market in chronic overcapacity

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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