2016 already looks horrific for the container industry

For the world's 30 largest container ports, 2016 looks set to be the worst year since the financial crisis in 2009, and growth on major services from the Far East to Europe is hovering at rock bottom, according to Alphaliner's review of recent data on the container sector.

Photo: Maersk Line

Demand on the  major container services from Asia to Europe could reach the weakest point in years, according to a review of recent data conducted by Alphaliner on the basis of numbers from Container Trade Statistics. The dire prospects for the already struggling container carriers emerge while carriers and companies are releasing half-year financial reports, including Maersk Line and APM Terminals this Friday and Hapag-Lloyd today, Wednesday.

The freight volumes on the heavy headhaul routes from the Far East to Europe, where Maersk Line employs the majority of its capacity, grew in the second quarter by only 1.3 percent. This weak growth has continued into the third quarter, which is otherwise the traditional peak season for container carriers.

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